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CBDC Ban Without a Signature, ETH Foundation Cuts & Bitcoin Stalls at $60K
Audio is available on Spreaker — see link below.
Congress passed a U.S. CBDC ban with decisive margins — but a procedural standoff means it may not become law anytime soon. Today's crypto market briefing covers the Ethereum Foundation's 20% layoffs, Ripple's RLUSD Japan launch, Bitcoin's failed $60K reclaim, and Kraken's strategic AAVE stake.
Audio is available on Spreaker — see link below.
Congress just passed a ban on a U.S. central bank digital currency. That's the headline.
While Washington stalls, Ethereum's governing foundation made one of its most significant structural moves in years. Fifty-four employees were laid off, representing roughly twenty percent of the workforce.
Separate from the U.S. slowdown, the regulated stablecoin story is moving fast in the opposite direction globally. Ripple's RLUSD stablecoin launched in Japan as a Type Four Electronic Payment Instrument, available on the VCTRADE exchange through an SBI partnership.
Bitcoin bounced from a low of fifty-eight thousand one hundred but couldn't reclaim sixty thousand dollars. That failure matters technically.
Two other developments worth tracking. Kraken is reportedly pursuing a fifteen percent stake in Aave, the DeFi lending protocol.
The two real signals to track from here: whether Trump signs the housing bill, with or without the voting bill attached, and whether Bitcoin holds the sixty thousand level or tests the lower derivative targets. Everything else in today's briefing flows from those two outcomes.
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