
Federal Reserve shuts down Farmington Bank over unapproved stablecoin project
The bank worked with Fluent Finance on its US+ stablecoin in 2022 but did not seek Fed approval before beginning the project.
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Recent reports indicate that a pivotal decision regarding Grayscale's case with the SEC could be announced imminently.

Former Chief of Internet Enforcement at the SEC, John Reed Stark, has commented that the issue will likely be resolved through a compromise.

Ripple has argued that the U.S. Securities and Exchange Commission's earlier request for an interlocutory appeal is unjustified and should not proceed.

Behnam said, “the market seems to want some kind of regulatory framework," though his views may be somewhat at odds with other regulators.

Valkyrie previously tried to combine its Bitcoin futures ETF with Ethereum futures in an Aug. 4 filing.

Bittrex Global CEO Oliver Linch has stated that his company does not accept U.S. customers.



