Day: April 12, 2025

Brad Garlinghouse says Bitcoin at $200,000 ‘is not unreasonable’

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Key Takeaways Ripple CEO Brad Garlinghouse suggests Bitcoin could reach $200,000 due to US crypto-friendly policies. Ripple is settling its SEC litigation for $50 million, facilitating their growth and acquisitions. Share this article Ripple CEO Brad Garlinghouse said Bitcoin’s $200,000 price target is achievable as institutional interest rises and US regulators shift toward a more crypto-friendly approach. “I think $200,00 is not unreasonable,” said Garlinghouse when asked about his Bitcoin price target during an interview with Fox Business Network’s The Claman Countdown on Friday. “I wouldn’t predict XRP. It’s too…

SEC and Binance push for another pause in lawsuit after ‘productive’ talks

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The US Securities and Exchange Commission (SEC) and crypto exchange Binance have asked a US federal judge for an additional two-month pause in their nearly two-year legal battle. “Since the Court stayed this case, the Parties have been in productive discussions, including discussions concerning how the efforts of the crypto task force may impact the SEC’s claims,” the SEC and Binance said in an April 11 joint status report with the US District Court for the District of Columbia. SEC requests Binance to agree to the extension According to the…

Justin Sun ‘not aware’ of circulating reports about CZ plea deal

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Tron founder Justin Sun says he’s unaware of the recent rumors surrounding former Binance CEO Changpeng “CZ” Zhao, following reports alleging that Zhao provided evidence against him as part of his plea deal with the US Department of Justice (DoJ). “I’m not aware of the circulating rumors. CZ is both my mentor and a close friend,” Sun said in an April 11 X post. Sun brushes off CZ rumors “He has played a crucial role in supporting me during my entrepreneurial journey,” Sun added. Sun’s X post came just hours…

Justin Sun downplays WSJ report of CZ cooperating with DOJ against him

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Key Takeaways Justin Sun said he trusts CZ after a report of DOJ cooperation against him. Binance is negotiating with US Treasury to overcome federal monitoring after a 2023 guilty plea. Share this article Justin Sun, the founder of TRON, has downplayed reports from The Wall Street Journal that Binance co-founder Changpeng “CZ” Zhao cooperated with the US Department of Justice (DOJ) against him. The report, which surfaced on April 11, alleged that CZ agreed to provide evidence on Sun to prosecutors as part of his plea deal for violating…

US crypto industry needs band-aid now, ‘long-term solution’ later — Uyeda

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A fast-tracked temporary crypto regulatory framework could bolster innovation within the US crypto industry while permanent regulations are still in the works, says acting US Securities and Exchange Commission (SEC) chair Mark Uyeda. “A time-limited, conditional exemptive relief framework for registrants and non-registrants could allow for greater innovation with blockchain technology within the United States in the near term,” Uyeda said at the SEC’s April 11 Crypto Task Force roundtable titled “Between a Block and a Hard Place: Tailoring Regulation for Crypto Trading.” Relief measures may address immediate challenges Uyeda…