SEC lawsuits against Coinbase and Binance, the upcoming unveiling of crucial documents, House hearings on the future of crypto: the end might be near for Ripple in its ongoing legal dispute with the SEC.

At the end of May, when everyone was watching the U.S. debt ceiling drama, Blackrock, the manager of Circle stablecoin reserves, precautiously moved the holdings from T-bills to commercial banks. Now that the storm alert has passed, T-bills have started to appear on the balance sheets again.

The U.S. Securities and Exchange Commission has sued Coinbase, the U.S.-based cryptocurrency exchange, for operating as an “unregistered broker, exchange and clearing agency”.

Following the recent suspension of Binance’s local bank deposit and withdrawal functionality in both Australia and the UK, why does it seem to be the majority-English-speaking countries whose banks are coming down hardest on crypto?

The SEC filed a suit against Binance and its CEO Changpeng Zhao for various alleged securities law violations.

Binance.US and CEO Changpeng Zhao are exploring strategies to reduce his majority stake in the company to ease tension between Binance and U.S. regulators and continue operations in the region.

The U.S. may impose additional tax on cryptocurrency mining (cryptomining) operations. According to the White House, the tax is intended to offset the expenses that cryptomining operations place on society.

Coinbase publicly responded to the SEC’s Wells notice and now is trying to force the regulatory agency to respond to a petition for rulemaking that the company filed last summer aiming to get proper regulation rules for digital assets.