The U.S. Securities and Exchange Commission (SEC) has rejected Ripple Labs' attempt to reduce its potential fines in their ongoing legal battle, arguing that the circumstances surrounding Ripple's case differed significantly from those of Terraform Labs, which recently settled with the agency for a hefty $4.5 billion.
The Australian Securities Exchange (ASX) has greenlit its first spot Bitcoin exchange-traded fund (ETF). The fund, launching on June 20th, will be a "feeder fund" passively tracking the price of Bitcoin by investing in VanEck Bitcoin Trust (HODL), a U.S. ETF already listed on the Cboe BZX Exchange.
The company behind the world’s largest stablecoin USDT, Tether, has announced a new synthetic dollar backed by its gold-backed stablecoin Tether Gold called Alloy (aUSDT).
Top stories in the Crypto Roundup today:
- SEC Rejects Ripple Labs' Request to Lower Potential $2 Billion Fine
- Australian Securities Exchange Approves its First Spot Bitcoin ETF
- Tether Launches New Synthetic Dollar Alloy Backed by Gold