Webus International submitted paperwork to the U.S. SEC regarding plans to establish a $300 million XRP reserve.
The project previously stated that it would conduct the airdrop to test the distribution system and thank its supporters.
The new president vows to allow local adoption of spot crypto ETFs and establish a Korean won-pegged stablecoin market.
Brian Quintenz, formerly a CFTC commissioner from 2017 to 2021, is set to appear before the Senate Agriculture Committee on June 10.
Hassett's holdings in the crypto exchange, listed as vested stock, are valued at up to $5 million, the report said.
NYSE Arca has filed for an exchange-traded fund named after President Trump's right-leaning social media platform.
Democratic staffers say they felt like the SEC was "trying to hide the ball," when asked technical questions about a large crypto bill.
Ripple CEO Brad Garlinghouse told Chris Brummer he never made a bid to acquire Circle, contradicting recent reports, at a Las Vegas event.
The token will reportedly be offered to public and private investors, though it is unclear when or where the token launch will occur.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.