Author: Cointelegraph By Martin Young

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Brazil approves first spot XRP ETF as local bank eyes stablecoin on XRPL

The BBRL stablecoin will only be initially available to institutional clients but the bank has big ambitions for expansion. Source link

Lightning Labs CTO downplays node security bug, citing compromised user

Lightning Labs’ Olaoluwa Osuntokun said the issue appears to be caused by a user’s machine being compromised rather than a bug or vulnerability. Source link

Crypto firms need to go public to ‘address Wall Street’ — BitGo CEO

BitGo boss Mike Belsche has hinted at a potential public offering for his crypto custody firm, and says going public would help to “deliver trust in digital assets.” Source link

Coinbase execs hit with stockholder suit claiming they downplayed bankruptcy risks

Coinbase shareholder Wenduo Guo has sued the crypto exchange and its top executives for allegedly violating securities laws. Source link

Elon Musk’s DOGE to target the SEC amid cash-cutting sweep: Report

Elon Musk’s Department of Government Efficiency is “at the gates” of the SEC, according to reports. Source link

European regulator proposes MiCA guidelines for crypto staff competence

The European Securities and Markets Authority is seeking feedback on proposed guidelines for staff at crypto asset service providers. Source link

12 US states hold a total of $330M stake in Saylor’s Strategy: Analyst

California has the largest investment in Strategy stock with more than $150 million held in state retirement funds, says Bitcoin analyst Julian Fahrer. Source link

Michigan becomes latest state to propose crypto reserve bill

A bill filed in Michigan’s House would allow the state to buy crypto and lend it out to increase yields for state funds. Source link

Texas lawmakers refile Bitcoin reserve bill, adding room for more crypto

The bill “would make our state the first to establish a Strategic Bitcoin Reserve and drive innovation, growth, and financial freedom,” said Senator Schwertner. Source link

Fed’s Waller says banks, non-banks should be allowed to issue stablecoins

Federal Reserve Governor Christopher Waller also expressed confidence in the private sector to develop stablecoin solutions. Source link