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Crypto

Jay Clayton, figure in XRP lawsuit, nominated for U.S. director of national intelligence

Jay Clayton (제이 클레이턴), the former U.S. Securities and Exchange Commission chairman who began an unregistered securities lawsuit against Ripple Labs over XRP, has been nominated as a candidate to lead the U.S. Director of National Intelligence. The nomination comes after opposition in Congress to a prior pick. Clayton is serving as Manhattan U.S. attorney and is reported to have been recommended by CIA Director John Ratcliffe.

Crypto

Bitso expands cooperation with Ripple, launches peso-pegged stablecoin MXNB on XRP Ledger

Bitso will issue the Mexican peso-pegged stablecoin MXNB on the XRP Ledger and use it with Ripple’s RLUSD stablecoin for corporate cross-border settlement between the United States and Mexico. The move extends the companies’ payments cooperation in Latin America onto an XRP Ledger-based framework. MXNB will link to Ripple DEX-based payments infrastructure and integrate with a permissioned XRP Ledger DEX accessible only to verified participants.

Crypto

Clarity Act faces last-minute hurdles as Galaxy Digital CEO travels to Washington

Prospects for the CLARITY Act, seen as key legislation for the U.S. crypto market, are tied to three issues: the scope of regulation for Web3 developers, resistance from law enforcement agencies and a tight congressional schedule. Galaxy Digital CEO Mike Novogratz went to Washington for urgent meetings, aiming to pass the bill within 4 weeks before the summer recess. Polymarket odds for passage in 2026 fell to 48 percent from 62 percent.