As DeFi and crypto markets evolve rapidly, staying updated is essential. Our weekly recap provides a concise overview of the most significant news and trends.
Ripple vs. SEC Settlement
Ripple has finalized its legal battle with the U.S. SEC, agreeing to a $50 million fine, much less than the initial $125 million. The SEC will refund the remaining $75 million and lift the injunction on Ripple. Ripple's Chief Legal Officer, Stuart Alderoty, confirmed the settlement on X, marking the end of the lawsuit initiated in December 2020. Source: [article](https://bsc.news/post/ripple-vs-sec-finally-over-after-50-m-fine-1).
Trump Media and Crypto.com Launch Crypto ETFs
Trump Media has partnered with Crypto.com to launch ETPs under the Truth Fi brand. The ETPs will focus on cryptocurrencies and sectors like energy, emphasizing a 'Made in America' theme. Source: [article](https://bsc.news/post/trump-media-crypto-com-launch-truthfi-crypto-etfs).
Binance Employee Suspended Amid Insider Trading
Binance suspended a former BNB Chain employee accused of using insider information for profit during a Token Generation Event. Binance's Internal Audit team disclosed that the staff member allegedly traded on non-public data from their previous role. Source: [article](https://bsc.news/post/binance-suspends-employee-insider-trading-allegations).
These developments highlight the evolving trends and challenges within the crypto and DeFi sectors, urging industry players to enhance transparency and operational efficiency.
