Headlines

Stablecoin compliance could decide institutional winners: Aquanow CEO

Stablecoin compliance could determine which issuers win institutional adoption as new US accounting and regulatory rules raise standards for redemption, reserves and risk controls, according to Aquanow CEO Phil Sham. Summary FASB has proposed clarifying when certain digital assets may qualify as cash equivalents. Direct redemption rights could make the same stablecoin receive different accounting…

Read More

XRP ETF filing raises questions over Ripple escrow

Cryptex Finance filed an amended registration statement on Aug. 24 for its proposed Digital Market Cap ETF, including XRP at a 4.88% fund weighting.  Summary Cryptex’s amended ETF filing assigns XRP a 4.88% fund weighting and discusses possible escrow releases. The disputed language comes from Cryptex, not an SEC finding or confirmed Ripple announcement directly….

Read More