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Crypto

BlackRock, Mastercard, Franklin Templeton add to big-money moves around XRPL

Global financial heavyweights including BlackRock, Mastercard and Franklin Templeton are reviewing potential uses of the XRP Ledger (XRPL), a blockchain outlet reported. Odellia Torteman of XRPL Commons said interest is growing. She said XRP serves as a core asset for transactions and payments and as a bridge asset for value transfers between different assets on the network. Ripple has disclosed pilots with partners, including tokenised fund and settlement tests using its RLUSD stablecoin.

Crypto

U.S. CLARITY Act controversy grows, industry fears expanded financial surveillance

As debate resumes in the U.S. Congress over the digital asset market structure bill known as the CLARITY Act, concerns are growing inside and outside the crypto industry about expanded financial surveillance. Galaxy Digital research head Alex Thorn warned the current language could widen oversight powers, including for the Treasury’s OFAC. Critics including Cardano founder Charles Hoskinson say the wording is too broad and could be abused.

Crypto

U.S. SEC may ease interface registration; XRPL validator says positive for DeFi

The U.S. Securities and Exchange Commission has suggested criteria under which some crypto trading interfaces may not have to register as broker-dealers, prompting expectations that DeFi on the XRP Ledger could benefit. XRP Ledger is seen as aligning with the guidance because it handles trade execution and routing at the protocol level and includes an on-chain DEX. An XRPL validator called the shift positive, though the SEC said the guidance is temporary and could change within five years.