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Stablecoins:- India’s digital payments leadership is reshaping global finance. Yet, one layer remains stuck in inefficiency: cross-border transactions. Remittances and trade payments still rely on slow, expensive legacy rails. But that could soon change—with stablecoins poised to be the next breakthrough. Stablecoins, digital tokens backed 1:1 by fiat currency and issued on public blockchains, are
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The Official Trump coin price is moving up, surging nearly 50% amid the memecoin’s dinner buzz. Ever since Donald Trump launched his cryptocurrency, investors’ reactions around it have been quite hot and cold, with some anticipating higher highs, whereas others criticize its volatile performance. However, as the Trump event date gets near, bullish momentum is building. Let’s discuss.
Trump memecoin gained immense attention from investors during launch, gaining a massive rally to its ATH of $75.35. However, once the hype faded, the trending meme coin struggled and crashed. Until days ago, the Trump coin price was on the lower side, even below the $10 mark. However, Donald Trump’s dinner invite fueled investors’ interest and led to an uptrend.
On May 5, Donald Trump announced the hosting of a TRUMP memecoin dinner for the top token holders. As there’s a limit to picking the top 220 holders, the investors are jumping on the buying opportunity, driving up its price.
As a result, it currently trades at $14.28 with a nearly 50% surge in the last 4 days and 80% over the month. The investors’ demand is still persistent as the Trump dinner is set for May 22. Besides, the broader crypto market recovery is aiding in the surge.
Today, Ethereum price surged above $2.3k and Bitcoin surpassed $104k for a brief moment, signaling a major uptrend.
CoinGlass derivative data reveals that the traders are bullish on the Trump meme coin price surge, as there are 2x long positions than short, especially on Binance and other popular crypto exchanges.
Its high trading volume of $2.36B and growing open interests hint at its high demand. As a result, the TRUMP memecoin team has moved 3.5M tokens to exchanges to support liquidity.
According to their official X post, they moved 3.5M TRUMP to exchanges at 1:30 am UTC to ensure the proper availability of the token for buying and selling. Notably, they have not sold any tokens. Instead, they have used their liquidity wallet holdings.
Another significant step taken is the relocking of recently unlocked tokens. This decision is made considering the ranking of the TRUMP holders before the dinner. Experts anticipate a significant uptrend for the token amid this memecoin dinner buzz.
If the trend remained the same, the Official TRUMP price prediction hints that it would hit $45 or higher.
The post Official Trump Coin Price Surge 50% Amid Memecoin Dinner Buzz appeared first on CoinGape.
The SEC’s Crypto Task Force is about to go on a five-month tour of the US, in a new series of roundtables. Hester “Crypto Mom” Peirce is looking for small entrepreneurs nationwide to help inform federal crypto policy.
Meanwhile, the Commission is also building a new Task Force to tackle AI questions. So far, its duties focus on optimizing the SEC itself, but the mission could grow from here.
Since its creation, the SEC’s Crypto Task Force has been a dynamic tool for crypto regulation. Reaching out to foreign governments and industry leaders alike, the Task Force has been diligent in getting all the facts. To further this goal, it’s about to hit the road.
This spring, the Commission’s Crypto Task Force hosted a series of roundtable discussions in Washington, DC. They covered a wide array of topics and were the first venue for Paul Atkins, the SEC’s newest Chair, to speak on crypto.
Today, the Task Force’s leader, Commissioner Hester “Crypto Mom” Peirce, explained her plans for hosting more:
“We want to hear from people who were not able to travel for the roundtables that took place this past spring in Washington, DC and may not have had a voice in past policymaking efforts. The Crypto Task Force is acutely aware that any regulatory framework will have far-reaching effects, and we want to ensure that our outreach is as comprehensive as possible,” Peirce said.
Over the next five months, the SEC’s Crypto Task Force will host roundtables across the US. Unlike the previous discussions, these will focus on smaller entrepreneurs.
Peirce issued an open call for Web3 teams with 10 employees or fewer to share their views on friendly crypto policy. This will help ensure that the SEC’s regulatory recommendations better reflect Web3’s decentralized ethos.
While Peirce and her team tour throughout nine major US cities, the SEC will build a new Task Force. In line with the AI sector’s growth potential, this group will seek to explore it. This seems very bullish, but there’s a catch.
Valerie Szczepanik will head this new organization, and she is not an SEC Commissioner. She is a serious veteran of the Commission’s blockchain and Web3 research, but nonetheless has much less authority than Peirce.
For now, it’s clear that the AI Task Force will mostly focus on improving the SEC:
“The AI Task Force will empower staff across the SEC with AI-enabled tools and systems to responsibly augment the staff’s capacity, accelerate innovation, and enhance efficiency and accuracy,” Atkins claimed.
Still, it’s a start. If the AI Task Force manages to materially benefit the SEC, its role could expand to informing federal policy. In the long run, this group could be a powerful tool for pro-AI political change across the US.
The post SEC Creates AI Task Force As Crypto Roundtables Tour the Nation appeared first on BeInCrypto.
The long-standing legal battle between the US Securities and Exchange Commission (SEC) and Ripple Labs could face another potential delay.
This possibility looms as both parties have yet to refile their motion correctly, with the June 16 deadline quickly approaching.
On May 8, BeInCrypto reported that the SEC and Ripple jointly requested an indicative ruling from Judge Torres to approve a settlement that would reduce the penalty to $50 million and dissolve the injunction placed on Ripple.
On May 15, Judge Analisa Torres rejected the parties’ request. She stated that if jurisdiction were returned to the court, she would deny the motion because it was procedurally improper.
Essentially, the parties did not follow the correct legal process when requesting, which led to the denial. Therefore, it meant that both Ripple and the SEC needed to refile under the appropriate rule.
However, as of June 5, 2025, the parties haven’t refiled. This has raised concerns about the next steps in the case. Attorney Fred Rispoli highlighted the absence of a proper refiling in a recent post on X (formerly Twitter).
He emphasized that on June 16, both parties must submit a status update to the United States Court of Appeals for the Second Circuit.
“20 days later, no refile yet by SEC and Ripple in district court, and the June 16 deadline for the status update in the 2nd Circuit looms large,” Rispoli posted.
The June 16 deadline holds significant weight, as it will determine the next steps in the case. Rispoli noted that if nothing is refiled, the Second Circuit will only have the denial of the first motion to work with. This could restart the briefing schedule.
Alternatively, if a motion is pending before Judge Torres at the time of the status update, the Second Circuit will likely extend the process by an additional 60 days.
“The next step? The message by Torres was clear that both parties need to beg for forgiveness. Ripple will say whatever to get it done, but how much public groveling is the SEC willing to do? And how much groveling will be authorized? We have 12 days to find out,” Rispoli added.
Notably, as the deadline draws near, rumors have begun circulating that Ripple, the SEC, and Judge Torres may have already reached a settlement agreement.
“Rumors swirling. Hearing SEC, Ripple & Judge Torres have finally reached an agreement. Word is Ripple came out on top,” a user stated.
The user added that an announcement could come as early as Friday, June 13. However, he cautioned that the news remains unverified. Additionally, the associated parties have not provided any official confirmation.
Meanwhile, amid the uncertainty, XRP’s price has also taken a hit. BeInCrypto data showed that over the past week, the altcoin’s value has seen an 8.8% decline.
At the time of writing, XRP’s trading price was $2.19, representing a 2.36% drop over the past 24 hours.
The post Ripple and SEC Risk Restarting Critical Settlement Process if June 16 Deadline is Missed appeared first on BeInCrypto.