Nigeria’s SEC Director-General Emomotimi Agama said the country welcomes stablecoin firms, marking a shift toward supportive crypto policy. Nigeria’s Securities and Exchange Commission (SEC) Director-General Emomotimi Agama said the country was open to stablecoin businesses that comply with local regulations. According to a Thursday report by English-language local news outlet, The Cable, Agama said stablecoin companies that complied with local regulations were welcome in Nigeria. “Nigeria is open for stablecoin business, but on terms that protect our markets and empower Nigerians,” he said. “We have onboarded some firms focused on stablecoin applications, all while ensuring compliance with core risk management principles,” Agama said, adding that those companies were admitted through the SEC’s regulatory sandbox. Read more
Multiple users on social media platform X have been sharing a purported document since Thursday, titled “catering guidelines” from the Capitol Hill Club in Washington, DC — where PTI founder Imran Khan’s sons recently dined during their visit to the US capital — claiming the club does not serve halal food. However, the document is fake. Earlier this month, Imran’s sons — Sulaiman Khan, 28, and Kasim Khan, 26 — kicked off a campaign calling for their father’s release from prison. The siblings are currently in the US and holding engagements with lawmakers for this purpose in Washington, DC. On July 25, the X account of PML-N Digital shared a post with an image of the two siblings at Capitol Hill Club, a private clubhouse in Washington, DC, with Republican Congressman Joe Wilson. The post was captioned: “Imran Niazi’s sons’ illicit feasting”, with an additional claim: “Capitol Hill Club, where Kasim and Sulaiman ate, doesn’t even have halal food available.” The post also shared an alleged document claiming to sh...
Although some Ripple executives initially suggested that RLUSD might be limited to institutional use, the stablecoin is gaining traction in retail. Update (July 25, 12:10 pm UTC): This article has been updated to correct information related to Ethereum-issued RLUSD and rectify previous information about EVM sidechain-issued RLUSD. Ripple USD, a stablecoin issued by XRP coin issuer Ripple, was initially marketed as an “enterprise-focused” stablecoin but has since gained traction among retail users. Ripple officially introduced its Ripple USD (RLUSD) stablecoin in late 2024, with CEO Brad Garlinghouse highlighting its institutional focus, setting RLUSD apart from competitors primarily focused on retail use. Read more