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Hodler's Digest: SEC Examines Ripple Ruling, US Bill Aims to Regulate DeFi, and More - July 16-22 Recap

Hodler’s Digest: SEC Examines Ripple Ruling, US Bill Aims to Regulate DeFi, and More – July 16-22 Recap

– SEC Chair Gary Gensler says the agency is still considering its reaction to the Ripple decision, with mixed opinions within the SEC.

– A bipartisan bill has been introduced in the US Senate to regulate DeFi and crypto security risks, subjecting DeFi operations to the same requirements as other financial companies.

– Bitcoin’s dominance increased in Q2, while altcoins experienced losses, particularly in the DeFi sector.

– Multiple spot crypto ETF applications have been published in the Federal Register, moving them one step closer to SEC approval.

– Democratic presidential candidate Robert F. Kennedy Jr. promises to back the US dollar with Bitcoin if elected president.

– In terms of market performance, Bitcoin is at $29,883, Ether at $1,894, and XRP at $0.78.

– The top altcoin gainers of the week are Maker, XDC Network, and Stellar, while the top losers are Rocket Pool, GMX, and Lido DAO.

– Memorable quotations include statements from Ritchie Torres, Yat Siu, Robert F. Kennedy Jr., Mark Yusko, Timothy Massad, and Kathryn Haun.

– On-chain data suggests that Bitcoin is lining up for a burst of volatility that could rival its 40% gains in January.

– The UK’s FCA proposes guidance that may require crypto firms and influencers to include disclaimers on crypto memes to comply with advertising laws.

– Uniswap founder Hayden Adams’ Twitter account was compromised in a scam attempt.

– Two individuals involved in a money laundering scheme connected to the Bitfinex hack have reached a plea agreement with US prosecutors.

– Cointelegraph features include an interview with Scott Melker on the potential consequences of Bitcoin reaching $1 million, the tokenization of music royalties, and the latest news in Web3 gaming.