Regulatory-Compliant US Treasury Token Launches on Singapore DEX

• Rep. Maxine Waters has expressed criticism of PayPal’s stablecoin and called for regulation on par with financial institutions.
• The jury trial for SEC v. Ripple Labs is set to take place in Q2 2024.
• Coinbase’s Ethereum layer-2 chain Base is now live to the public, while Bitstamp will halt U.S. trading of seven tokens identified as securities by the SEC in Coinbase and Binance cases.

Rep. Maxine Waters Criticizes PayPal’s Stablecoin

Rep. Maxine Waters has expressed criticism of PayPal’s stablecoin and called for regulation on par with financial institutions, saying that it needs to be held accountable to the same standards as banks and other traditional financial services companies.

SEC v Ripple Labs Jury Trial Set For Q2 2024

A jury trial date for the Securities and Exchange Commission (SEC) case against Ripple Labs has been set for Q2 2024, which could have major implications for the cryptocurrency industry if the SEC finds that XRP is a security token rather than a utility token as claimed by Ripple Labs.

Coinbase Base Chain Now Live To The Public

Coinbase recently launched their Ethereum layer-two chain Base, which is now live to the public after being tested in private beta since April 2021. This new blockchain allows customers to trade digital assets with near-instant settlement times and low fees compared to other platforms like ERC20 tokens or Ethereum itself.

Federal Reserve Requires Banks To Get Written ‚Non-Objection‘ From Central Bank Before Engaging With Stablecoins

The Federal Reserve recently announced that state banks would need written ‘non-objection’ from central bank before engaging with any type of stablecoins or digital assets related activity such as holding or trading them on behalf of clients or issuing their own coins based on these assets..

Regulatory Compliant US Treasury Tokens On The Rise As DUST Launches On Singapore DEX DigiFT

DigiFT recently launched a regulatory compliant tokenized version of U.S treasuries known as DUST on its decentralized exchange (DEX). This product offers accredited and institutional investors a chance to invest in U.S treasuries via an on-chain channel backed by a single U.S Treasury note with a maturity date of December 31st