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- 🚀 Ripple wins SEC Case
🚀 Ripple wins SEC Case
This smart home company grew 200%…
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Past performance is not indicative of future results. Email may contain forward-looking statements. See US Offering for details. Informational purposes only.
Market Overview
Read time 1.4 minutes
Year To Date Performances:
Dow Jones | 42,058.08 | -1.14% |
S&P 500 | 5,690.29 | -3.25% |
Nasdaq | 17,819.72 | -7.72% |
Russell 2000 | 2,073.23 | -7.04% |
TSX | 25,060.73 | 1.35% |
Bitcoin | $86,058.40 | -6.85% |
Ethereum | $1,992.86 | -40.15% |
US to Canadian Dollar | $1.44 | -0.23% |
The SEC’s four-year legal battle against Ripple has officially ended, marking a major turning point for crypto regulation in the U.S. Ripple, which spent $150 million fighting the case, declared victory after the SEC dropped its lawsuit, following a 2023 ruling that XRP is not necessarily a security. This comes as President Trump, backed by crypto industry donors, shifts policy toward engagement rather than enforcement, appointing Hester Peirce to lead a new Crypto Task Force. With lawsuits against Coinbase, Kraken, and Binance also resolved or shelved, the regulatory landscape is rapidly changing, signaling a thaw in Washington’s stance on digital assets.
Fears of a recession are mounting as President Trump’s planned tariff hikes threaten to push inflation higher, leading his administration to push the Federal Reserve for interest rate cuts. A proposed “DOGE dividend” check—floated by Trump and Elon Musk’s Department of Government Efficiency—was touted as a way to return savings from government cuts to taxpayers, with estimates ranging up to $5,000 per household. While Trump’s advisors argue the plan is fiscally sound, economists warn it could stoke inflation and contradict deficit reduction efforts. With the administration now prioritizing tax cuts and infrastructure spending, the idea appears sidelined for now, though it could resurface if economic conditions worsen.
The Palisades nuclear plant in Michigan is set to become the first U.S. reactor to restart after permanent closure, but serious safety concerns could delay the plan. Holtec International, backed by over $3 billion in government support, is repairing thousands of corroded steam generator tubes—components critical for preventing radioactive leaks. While Holtec insists its repair method is proven, regulators warn that its approach has never been used in steam generators before, raising concerns about long-term safety. With other shuttered nuclear plants eyeing a revival amid rising energy demand, Palisades’ success—or failure—could shape the future of U.S. nuclear energy.
Headlines
Microsoft barely avoided its first 8-week losing streak since 2008 after a late rally last Friday.
StubHub has filed for an IPO.
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