The decision, announced by Ripple Labs CEO Brad Garlinghouse on Friday, comes shortly after a New York judge blocked the company’s second attempt to settle the case for $50 million.
The crypto custodian rated USDC and AUSD poorly for regulatory oversight and reserve management, while executives from VanEck, Coinbase and others questioned the ranking.
A new Cantor Fitzgerald report argues that bitcoin miner Core Scientific is worth far more than the markets believe thanks to its strategic role in powering AI.
The crypto exchange's new derivatives offering is regulated by the CFTC and will mirror the functions of the increasingly popular perpetual contracts currently not available in the U.S.