Several significant events have occurred in the cryptocurrency world over the past day, including updates from Ripple, a pending vote in the U.S. Congress on cryptocurrency legislation, and a large ETH transfer to an exchange.
Ripple CEO on Significant Progress for XRP Ledger
RippleX has announced version 2.5.0 of the server implementation of the XRP Ledger protocol. Contributor Mayukha Vadari described this update as 'possibly the best single lineup of amendments' ever included in a single release. The new version features TokenEscrow, Batch, and PermissionedDEX, enabling new possibilities for protocol use. Ripple CEO Brad Garlinghouse called this a 'huge progress.'
Vote on Cryptocurrency Legislation in the U.S.
House Republicans are planning to hold a vote on critical cryptocurrency legislation as soon as this week. The package under consideration will include stablecoin rules alongside a broader crypto market structure bill. Speculation remains regarding whether these bills will be voted on together.
Massive ETH Transfer to Exchange
Recently, a large transfer of 5,000 ETH worth $12.1 million was reported from an Ethereum ICO whale to the Kraken exchange. This occurred after four months of inactive transactions. Currently, ETH has been showing a decline, remaining over 50% below its all-time high.
Clearly, developments in the cryptocurrency world continue to evolve, with the latest news highlighting the growing activity in both technological updates and the legislative arena.
