Ripple Settles with SEC + GameStop Joins Bitcoin Treasury🚀
Major Financial Shifts: World Liberty Financial’s USD1 Stablecoin Backed by US Treasuries, Ripple’s $50M SEC Settlement, Binance Employee Front-Running Scandal, BlackRock’s Blockchain-Based Fund on Solana, SEC’s Crypto Regulation Roundtables, and GameStop’s Bitcoin Treasury Adoption.
Because Bitcoin
March 25, 2025
World Liberty Financial Announces Launch of USD1 Stablecoin Backed by US Treasuries
World Liberty Financial Inc. (WLFI) has revealed plans to launch USD1, a stablecoin redeemable 1:1 for the US dollar, fully backed by short-term US government treasuries, US dollar deposits, and cash equivalents. Initially minted on Ethereum and Binance Smart Chain, USD1 aims to provide secure, institutional-grade access to DeFi. The stablecoin’s reserves will be custodied by BitGo, ensuring deep liquidity and regulated security. WLFI’s initiative seeks to offer a stable, transparent alternative to algorithmic crypto projects, prioritizing stability and institutional adoption.
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Ripple Settles with SEC for $50M, Ending Years-Long Legal Battle
Ripple Labs has agreed to pay a $50 million fine to resolve the SEC’s lengthy investigation into the company. This is part of the $125 million penalty imposed by a New York court for unregistered XRP sales to institutional investors. In return, Ripple will drop its cross-appeal challenging a prior ruling that XRP is not necessarily a security. The SEC had initially sought a $2 billion fine but has since retreated from several enforcement actions under new leadership. The settlement is pending a final Commission vote and may take weeks to be officially withdrawn.
Binance Suspends Employee for Alleged Front-Running of Token Launch
Binance Wallet has suspended an employee accused of using confidential information from their prior role at BNB Chain to front-run a Token Generation Event (TGE). The employee allegedly purchased coins through multiple wallets and sold them for quick profits. Binance’s investigation found no evidence of insider trading within the Wallet team, but confirmed the information was sourced from the employee’s time at BNB Chain. The company intends to cooperate with authorities for legal action. This incident mirrors Coinbase’s 2023 scandal involving former manager Ishan Wahi.
BlackRock Expands Crypto Footprint with Blockchain-Based Money Market Fund on Solana
BlackRock, the world’s largest asset manager, has announced the expansion of its blockchain-based money market fund, BUIDL, to Solana. This follows the fund’s successful launch on Ethereum and its steady capital inflows. BUIDL, which combines traditional money market functions with blockchain technology, has accumulated $1.7 billion in assets and is set to surpass $2 billion. The fund offers crypto investors a 24/7 alternative to traditional money markets, providing yield without relying on stablecoins like USDT and USDC. BlackRock’s move is part of a larger push in the financial sector to embrace tokenization and blockchain finance.
SEC Crypto Task Force Announces Four New Roundtables on Regulation
The SEC’s Crypto Task Force has scheduled four additional roundtables to discuss key regulatory issues surrounding crypto assets. Topics include crypto trading rules, custody considerations, tokenization, and DeFi. The sessions will take place between April and June 2025 at the SEC’s headquarters and will be streamed live on SEC.gov. Commissioner Hester Peirce emphasized the importance of these discussions in shaping practical regulatory frameworks. The task force, launched in January, aims to clarify crypto regulations and refine enforcement strategies. Interested individuals can apply to be panelists by contacting the SEC directly.
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GameStop Joins Bitcoin Treasury Trend, Adds BTC to Reserves
GameStop (GME) has announced its decision to adopt Bitcoin as a treasury reserve asset, joining a growing list of publicly traded companies embracing BTC. The move was unanimously approved by its board and follows speculation sparked by CEO Ryan Cohen’s interactions with Bitcoin advocate Michael Saylor. Strive Asset Management had recently urged GameStop to allocate part of its $5 billion cash reserves to Bitcoin. Following the news, GME shares rose 5.7% in after-hours trading, while Bitcoin saw a modest uptick to $88,500.
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