EU to Ban Anonymous Crypto by 2027 in Major AML Crackdown

Monicah W

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The European Union is rolling out strict new Anti-Money Laundering rules that will ban privacy coins and anonymous crypto accounts starting in 2027. Under the AML Regulation (AMLR), banks, financial firms, and crypto service providers will no longer be allowed to offer or support anonymous accounts or privacy-focused cryptocurrencies like Monero and Zcash. The move aims to increase transparency and combat illicit activities in the digital asset space across all member states.

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Senator McCormick Invests $1M in Bitcoin ETF Just Before Trump’s Strategic Reserve Plan

The post Senator McCormick Invests $1M in Bitcoin ETF Just Before Trump’s Strategic Reserve Plan appeared first on Coinpedia Fintech News

The 2024 U.S. presidential election marked a historic shift as crypto became a key campaign battleground. Donald Trump’s early endorsement of digital assets gave him a clear edge, earning massive support from the crypto community and ultimately propelling him to a second term. Meanwhile, Democratic candidate Kamala Harris made last-minute efforts to align with pro-crypto sentiments, but it was too little, too late.

Now, with Trump back in power, the intersection of crypto and politics is more prominent than ever.

Senator Dave McCormick Holds $1M in Bitcoin ETFs

According to U.S. Senate Financial Disclosure data, Senator Dave McCormick of Pennsylvania—formerly the CEO of Bridgewater Associates—is the largest Bitcoin investor in Congress.

In total, he has invested over $1 million in the Bitwise Spot Bitcoin ETF, with significant purchases in both February and March 2025. One notable investment of $65,000–$150,000 came just days before Trump announced plans to establish a Strategic Bitcoin Reserve.

The Bitwise ETF, currently trading at $50.96 with a 24-hour volume of $57.92 million, ranks as the sixth-largest Bitcoin ETF by assets under management (AUM), valued at $3.65 billion.

Coinbase CEO Supports McCormick’s Crypto Stance

McCormick’s pro-crypto position was not only a campaign highlight but a strategic advantage. His optimistic views earned endorsements from industry leaders like Coinbase CEO Brian Armstrong



Full name

Brian Armstrong

Birth

January 25, 1983 in San Jose, California, U.S.

Education

Bachelor of Arts/Economics, Master of Arts/Science, Rice University

Nationality

American

Martial Status

Married

Net Worth

$11.9B (Refer for real-time)

He supports the need for clear regulations and policies for cryptocurrency trading and decentralized transactions. Brian has collaborated with diplomats to formulate the policies. He continues to contribute to the crypto community and blockchain technology.
Brian Armstrong: Timeline of events

2010: Discovered Bitcoin – Read the Bitcoin whitepaper and became interested in decentralized finance.
2012: Co-Founded Coinbase – Launched Coinbase with Fred Ehrsam to simplify Bitcoin buying and selling.
2015: Expanded Coinbase Services – Introduced Coinbase Exchange and support for multiple cryptocurrencies.
2017: Led Coinbase Through Crypto Boom – Scaled operations as Bitcoin surged to $20,000, making Coinbase a top exchange.
2021: Coinbase IPO on NASDAQ – Took Coinbase public (COIN) at a $86B valuation, marking a major crypto milestone.
2022: Advocated for Crypto Regulation – Engaged with lawmakers to promote clear crypto regulations in the U.S.
2023: Launched Coinbase’s Layer-2 ‘Base’ – Introduced Base, a Layer-2 blockchain to improve Ethereum scalability.
2024: Pushing for Global Crypto Adoption, Married to Angela Meng.

Year

Award/Notable Work

Details

2012

Co-Founded Coinbase

Built one of the world’s largest cryptocurrency exchanges.

2017

Fortune 40 Under 40 – Technology

Recognized for leadership in the crypto industry.

2021

Coinbase IPO on NASDAQ

Took Coinbase public with an $86B valuation, a first for a major crypto company.

2021

Time 100 Most Influential People

Listed for his impact on mainstream crypto adoption.

2023

Launched Coinbase’s Layer-2 ‘Base’

Introduced a Layer-2 blockchain to enhance Ethereum scalability.

Useful Links to Connect With Brian Armstrong

Platform

Link

X (formerly Twitter)

https://twitter.com/brian_armstrong

LinkedIn

https://www.linkedin.com/in/brianarmstrong

Coinbase Official Website

https://www.coinbase.com

Brian Armstrong’s Personal Blog

https://brianarmstrong.com

 

EntrepreneurInvestorDeveloper/ProgrammerCrypto and Blockchain Expert

helping him secure a narrow election victory.

At a Senate hearing in February 2025, McCormick declared that “2025 will be the year for digital assets,” underlining his belief that crypto and blockchain can drive innovation, strengthen national security, and support economic growth.

Other Lawmakers Join the Crypto Bandwagon

McCormick isn’t alone. Rep. Marjorie Taylor Greene also revealed investments in the iShares Bitcoin Trust ETF. Meanwhile, Senator Steve Daines previously held shares in multiple crypto-related ETFs but has since liquidated his positions.

As political support for digital assets grows, it’s becoming clear that crypto is no longer a fringe issue—it’s now part of the U.S. legislative mainstream.

Never Miss a Beat in the Crypto World!

Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more.

The post Senator McCormick Invests $1M in Bitcoin ETF Just Before Trump’s Strategic Reserve Plan appeared first on Coinpedia Fintech News
The 2024 U.S. presidential election marked a historic shift as crypto became a key campaign battleground. Donald Trump’s early endorsement of digital assets gave him a clear edge, earning massive support from the crypto community and ultimately propelling him to a second term. Meanwhile, Democratic candidate Kamala Harris made last-minute efforts to align with pro-crypto …

Gemini Lists Ripple’s RLUSD Stablecoin, Boosting Trading Volume by 63.7%

Cryptocurrency exchange Gemini has announced the listing of Ripple’s stablecoin RLUSD on its exchange, enabling trading, deposits, and withdrawals. 

This marks a significant step forward in the global adoption of RLUSD. Moreover, the listing triggered a surge in RLUSD’s trading volume, which has increased by 63.7%.

RLUSD Stablecoin Goes Live On Gemini

The announcement was made via Gemini’s official X (formerly Twitter) account. 

“RLUSD is now available for trading on Gemini. Deposits and withdrawals are enabled. Buy, sell, and store today,” the post read.

The move positions Gemini alongside other major exchanges supporting RLUSD trading. For instance, Bitstamp enabled trading for the stablecoin on January 8. Meanwhile, Kraken followed suit on April 2.

Notably, Gemini’s listing had a positive impact on RLUSD. Following the announcement, the stablecoin’s 24-hour trading volume surged to over $52 million, reflecting a 63.7% increase over the past day, according to data from CoinGecko.

The double-digit rise highlighted heightened market activity and growing confidence in the stablecoin. However, this isn’t something new. RLUSD has been gaining traction for quite some time.

Since its launch late last year, the stablecoin has seen remarkable growth. Its market capitalization has risen 338.6% since the beginning of 2025. As of the latest data, it stands at $317 million. 

Although the market cap remains modest compared to industry leaders like Tether (USDT) and USDC (USDC), analysts remain optimistic about RLUSD’s prospects.

“Ripple’s RLUSD stablecoin has exploded since launch, now pushing over $860 million in monthly volume. It’s fully backed, built on the XRP Ledger and Ethereum, and already integrated into Ripple Payments. Kraken, Bitstamp, and LMAX Digital have listed it. This is Ripple’s enterprise-grade answer to global stablecoin demand, and it’s built for compliance, scalability, and cross-border dominance,” a user wrote on X.

In fact, many market watchers believe that RLUSD’s use as collateral across all of Hidden Road’s prime brokerage products will trigger substantial demand. Furthermore, BeInCrypto reported that Ripple pledged $25 million in RLUSD to US public education initiatives. This could further drive adoption by showcasing real-world utility. 

Meanwhile, the broader stablecoin ecosystem is also positioned for significant growth. According to forecasts from the US Treasury, the market capitalization could reach $2 trillion by 2028. 

Furthermore, Citigroup’s projections estimate that the market cap could soar to $3.7 trillion by 2030. This overall expansion of the stablecoin market is expected to benefit RLUSD as well, driving further integration and usage as the demand for stablecoins continues to rise.

The post Gemini Lists Ripple’s RLUSD Stablecoin, Boosting Trading Volume by 63.7% appeared first on BeInCrypto.

Solana Network Gets Major Boost from Coinbase and Robinhood:  SOL Price Bullish Reversal Ahead?

Solana Gaining Strength as Traders Turn Bullish on SOL Price Rally-Will it Hit $200

The post Solana Network Gets Major Boost from Coinbase and Robinhood:  SOL Price Bullish Reversal Ahead? appeared first on Coinpedia Fintech News

  • The overall cash inflows to Solana DeFi products have gradually grown in the past few weeks.
  • SOL price has consolidated between $123 and $134 in the past three weeks amid a growing bullish outlook.

The wider altcoin market, led by Solana (SOL), continued with horizontal consolidation akin to Bitcoin (BTC) on Thursday, during the early North American trading session. The rising confidence in the Gold market, amid palpable fears of the U.S. stock market, has helped the wider crypto market gain significant bullish sentiment.

Solana Gets Needed Support from Coinbase and Robinhood

The Solana network received much-needed support from Robinhood Markets Inc. (NASDAQ: HOOD) and Coinbase Global Inc. (NASDAQ: COIN). In a bid to attract mainstream Solana users from DeFi projects, such as Raydium DEX, both Robinhood and Coinbase announced initiatives to incentivize.

On Thursday, Coinbase upgraded its Solana infrastructure to enable 5x faster block processing, 4x better RPC performance, and enhanced reliability for a smoother user experience.

Meanwhile, Robinhood announced a no-network fee for several Solana transactions until June 9, 2025.

Bullish Momentum on the Rise

After recording an impressive rally in the past two years, heavily influenced by mainstream adoption of its memecoins, SOL price has significantly convinced more investors of its long-term growth prospects. 

According to market data from Binance, more than 71 percent of traders on the crypto exchange with open SOL positions are betting on an imminent bullish breakout.

Midterm Targets for SOL Price 

In the weekly timeframe, Solana price has respected a rising logarithmic trend established since January 2023, thus signaling bullish sentiment. Most importantly, SOL price, against the U.S. dollar, has consistently closed above $126 in the past two weeks, amid ongoing trade war negotiations.

In the four-hour timeframe, SOL price has already broken out of several falling logarithmic trends established by YTD. 

In the 1-hour time frame, SOL price has been forming a potential bearish sentiment, characterized by a major resistance level above $134 coupled with a bearish divergence of the Relative Strength Index (RSI). As a result, the SOL price may retest the support level around $123 before continuing with bullish sentiment towards its all-time high.

The post Solana Network Gets Major Boost from Coinbase and Robinhood:  SOL Price Bullish Reversal Ahead? appeared first on Coinpedia Fintech News
The overall cash inflows to Solana DeFi products have gradually grown in the past few weeks. SOL price has consolidated between $123 and $134 in the past three weeks amid a growing bullish outlook. The wider altcoin market, led by Solana (SOL), continued with horizontal consolidation akin to Bitcoin (BTC) on Thursday, during the early …