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RLUSD at $1.71B, EU Ban Imminent & White House Summit | Aug 19
Audio is available on Spreaker — see link below.
XRP crypto news moves fast: Ripple's RLUSD stablecoin hits $1.71 billion supply, the EU enforces a platform ban in days, and the White House hosts crypto CEOs as the SEC quietly steps back from rulemaking. Five signals that define where XRP and crypto stand heading into September.
Audio is available on Spreaker — see link below.
The SEC just cancelled its planned open meeting on crypto regulation and delayed its innovation exemption rollout indefinitely. That's not a minor procedural adjustment.
The White House is hosting Ripple, Coinbase, and other crypto CEOs on August nineteenth. That meeting matters, but not because it will produce rules.
While the regulatory picture stalls out in Washington, Ripple is moving on the infrastructure side. On August seventeenth, Ripple minted ten million RLUSD tokens, pushing the circulating supply to one point seven one one billion tokens and a market cap of one point seven one billion dollars.
On August twenty-third, the EU's transaction ban on fourteen named crypto-asset service platforms becomes applicable. That's days away.
The Federal Reserve releases its July twenty-eighth and twenty-ninth FOMC minutes on August nineteenth, the same day as the White House crypto meeting. Rate expectations remain volatile.
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