The crypto and DeFi sectors continue to evolve rapidly. Staying informed is crucial, and this recap highlights major news and trends.
Ripple Dollar (RLUSD) Launch
Ripple has introduced the Ripple Dollar (RLUSD), a new stablecoin backed by the U.S. dollar. Officially launched on December 17, 2024, RLUSD is available on exchanges like Uphold, Bitso, and CoinMENA. The company plans to expand RLUSD’s role in tokenized assets and enhance its presence in Ripple's global payment network.
Ohio Bitcoin Reserve Bill
Ohio Republican House leader Derek Merrin introduced House Bill 703, aiming to establish a Bitcoin fund in the state treasury. If passed, the bill will allow the state treasurer to include Bitcoin in Ohio's asset allocation. Ohio is the third U.S. state to propose such legislation this month, indicating growing interest in Bitcoin's role in government reserves.
Craig Wright Sentencing
Dr. Craig Wright, who claims to be the inventor of Bitcoin, has been given a one-year suspended prison sentence by a UK court for contempt. He will avoid prison if he complies with court orders over the next two years. The court also fined him £145,000 for refusing to attend hearings and demanding £240,000 to cover costs.
This week saw significant developments in the blockchain and crypto spheres, including stablecoin advancements, government Bitcoin reserves, and legal issues surrounding major project founders.
