SEC files motion to compel #Ripple's disclosure of #financial documents, citing potential Howey test violations. #Crypto

Ripple denies violations, argues against considering post-2020 discovery, #XRP faces market drop below key support.
https://coinpedia.org/news/ripple-vs-sec-update-secs-new-demand-in-ripple-lawsuit/

Treasury Secretary Janet Yellen urges Congress for new #crypto laws to address systemic risks.

⚡️Proposed legislation focuses on regulating #stablecoins and non-securities crypto assets spot market.

⚡️ Yellen highlights concerns about stablecoins growth, money laundering, and their impact on #financial stability.

⚡️ Bipartisan deadlock slows crypto legislation; regulatory disagreement persists between #SEC and #CFTC.

⚡️ Yellen proposes a federal regulator for stablecoins and stresses the need for protections for stablecoin holders.

#Bakkt Holdings, Inc. expresses confidence in operations despite SEC filing concerns about #funding. #cryptoNews

Bakkt emphasizes transparency, compliance, and commitment to clients, plans detailed #financial insights in upcoming earnings announcement.
https://coinpedia.org/news/bakkt-expresses-confidence-to-continue-business-despite-financial-uncertainty-in-previous-sec-filing/

NZ Central Bank Chief: "Printing money for fools is a great business to be in" #CryptoNews

🔵 New Zealand Central Bank Governor Adrian Orr joked about the central banking system during a parliamentary meeting.

🔵 #Bitcoin advocates perceive truth in Orr's jest, emphasizing Bitcoin's independence from government manipulation.

🔵 The majority of the #cryptocurrency community sees central bank digital currencies (#CBDC) as potentially restricting #financial freedoms.

🔵 Adrian Orr expressed concerns about decentralized digital currencies like Bitcoin, emphasizing their perceived shortcomings as money.

Top #CryptoNews In Last 12 Hours

1️⃣ #Bitcoin's #marketcap surpasses $1 trillion as price hits $51,000; ,marking milestone in #cryptomarket history.

2️⃣EU committee approves groundbreaking #AI legislation, setting global precedent, to regulate diverse industries; enforcement expected by 2026.

3️⃣ Japan's #financial regulator suggests banks enhance user protection, potentially disrupting P2P #crypto transactions to prevent fraud.

4️⃣US Treasury official Brian Nelson urges Congress for expanded authority to combat crypto-related illicit finance.

5️⃣US #CPI data beats expectations. CME predicts 92% chance #FOMC keeps rates unchanged in March; 62.1% chance of May rate cut.

February 20th hearing crucial for SEC vs #Ripple battle, focusing on #financial documents and potential sales injunction. #Cryptonews

Ripple's future #XRP sales to institutional clients hinge on court's decision, impacting potential SEC registration requirement.
https://coinpedia.org/news/ripple-vs-sec-attorney-reveals-key-details-on-the-next-important-date/

Despite #financial uncertainties, the #cryptomarket thrives with Bitcoin above $50,000, attracting #investors attention.

Arthur Hayes advises diversifying portfolios with lesser-known altcoins, emphasizing macro and micro stories in #crypto investing.
https://coinpedia.org/news/altcoin-adventures-arthur-hayes-top-crypto-portfolio-picks-in-this-altcoin-season/

Robert Kiyosaki welcomes #Bitcoin crashes, viewing them as buying opportunities to accumulate assets.

His philosophy mirrors principles from "Rich Dad Poor Dad," advocating proactive #financial management amidst #Cryptomarket volatility.
https://coinpedia.org/news/heres-what-rich-dad-poor-dads-author-robert-kiyosaki-would-do-if-bitcoin-crashes/

SEC raises concerns over #Terraform Labs' $166M payment to Dentons, alleging potential evasion of liabilities. #crypto

Terraform Labs' Chapter 11 #bankruptcy amid SEC fraud allegations prompts scrutiny over #financial maneuvers.
https://coinpedia.org/news/sec-raises-alarm-over-terraform-labs-166m-payment-to-dentons-amid-bankruptcy/

Hong Kong's #financial sector undergoing changes: 10 institutions to launch #Bitcoin and #Ethereum spot #ETFs.

Potential for Hong Kong to lead in #crypto if it launches Ethereum products before US.
https://coinpedia.org/news/hong-kong-sees-10-financial-institutions-apply-for-spot-bitcoin-and-ethereum-etfs/

#Crypto experts James Murphy and Scott Melker analyze SEC's damages theory in #Ripple case, highlighting weaknesses.

SEC's case lacks identified victims with real #financial losses, weakening disgorgement principle and legitimacy of penalties.
https://coinpedia.org/news/ripple-vs-sec-decrypting-secs-damage-theory-in-xrp-lawsuit-a-fortunate-turn-for-ripple/

Fuel up on #financial independence: Where #fiat depletes, #Bitcoin completes.



#Coinpedia

Breaking: South Korea's Democratic Party Election Victory Sparks Push for Crypto ETF Review

🔵 South Korea's Democratic Party aims to introduce spot #crypto funds, despite regulators' current opposition.

🔵 #Financial regulators oppose spot crypto #ETFs due to lack of legal basis.

🔵 Following an electoral victory, the party plans to push for regulatory review of banned spot #bitcoin ETFs.

🔵 In June, the party intends to request the Financial Services Commission to reconsider spot bitcoin ETFs.

#Crypto #CryptoNews