lemaeba0

@lemaeba0

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Bitwise filed an S-1 registration form for the product with the Securities and Exchange Commission in late January.

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The ETF uses cash creations and redemptions, meaning investors cannot contribute or receive Dogecoin directly.

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Coinbase will act as the Dogecoin custodian while the Bank of New York Mellon will handle the cash custody, administration, and transfer agency functions, it stated.

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NYSE Arca has filed a proposed rule change to list and trade shares of the Bitwise Asset Management Dogecoin exchange-traded fund.

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Roger Ver maintains that the US government maliciously prosecuted him over crypto advocacy and not tax-related matters.

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Buterin reposted Silk Road founder Ross Ulbricht's message calling for the prosecution against Ver to end and characterized the case as "absurd" and "politically motivated." Buterin continued:

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There is a cat-and-mouse game with regulators and criminals locked in an escalating arms race. Stablecoin regulations are expected to tighten as governments respond to their growing role in money laundering.

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Meanwhile, Tether co-founder Reeve Collins recently announced plans to launch Pi Protocol, a decentralized stablecoin that offers yield.

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Brazil’s securities regulator has approved the country’s first spot XRP exchange-traded fund, which comes as the asset rose 8% over the past 24 hours.

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Trump’s order created a crypto working group led by White House AI and crypto czar David Sacks to come up with a legal framework for crypto and stablecoins, along with studying the possible creation of a national crypto stockpile.

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AppsFlyer attributed the increase in adoption to several key developments in the cryptocurrency space.

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On Nov. 6, 2024, Donald Trump won the United States presidential election. His victory was broadly perceived as a win for the crypto space, as Trump had promised to end the war on crypto and make the US the crypto capital of the world if elected.

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Meanwhile, Braza Group, a player in Brazil’s interbank market, is launching a new stablecoin pegged to the Brazilian real on Ripple’s blockchain, XRP Ledger.

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XRP prices reacted with a 7.8% gain on the day to reach $2.72 at the time of writing. The cross-border token is currently just 20% away from its all-time high.

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“We are committed to offering a stablecoin that not only meets but exceeds the highest security and compliance standards,” said Marcelo Sacomori, CEO of Braza Group, in the Feb. 19 announcement.

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The real-pegged stablecoin called BBRL will be backed by Braza Bank, which specializes in foreign exchange services and international payments. The bank is not among the top 10 in Brazil in terms of assets and deposits, but it claims to be the largest exchange bank in the country.

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“Launching a stablecoin like BBRL on the XRP Ledger creates significant opportunities for the Brazilian market while also laying the groundwork for broader adoption across South America and beyond,” said Markus Infanger, senior vice president at RippleX.

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Braza Group is also participating in DREX, a Brazilian central bank blockchain initiative exploring asset tokenization, cross-border payments, and a potential central bank digital currency (CBDC).

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