# GENIUS

#Ripple Company raises $500 million, boosting its market value to $40 billion
#XRP announced that it has raised $500 million in a funding round led by Fortress and Citadel Securities, bringing the company's estimated valuation to around $40 billion.
This follows a previous $1 billion funding offer the company made earlier this year at the same valuation.
Ripple is benefiting from the new regulatory approach in the United States following the passage of the #ريبل law, which established a clear framework for stablecoins. This has encouraged larger financial institutions to adopt Ripple USD #G

The US banking system is about to transition to blockchain technology.
A new report from Bank of America indicates the end of the "regulatory debate" phase and the beginning of actual implementation.
Key steps driving this transformation:
• Conditional approval from the Office of the Comptroller of the Currency (#OCC ) for banking licenses to five digital asset companies
• The upcoming Federal Deposit Insurance Corporation (FDIC) proposal regarding approval for bank stablecoins
• Federal Reserve collaboration on stablecoin capital and liquidity rules (Law #FDIC )
This marks the beginning of th

🚨 #خبر.عاجل : 🏦 The Deposit Insurance Corporation proposed a framework allowing American banks to apply for approval to issue stablecoins for payment through subsidiaries, representing the first major regulatory application of #الفيدراليه law.

The Federal Deposit Insurance Corporation (#FDIC ), the agency responsible for insuring bank deposits in the United States, has approved a draft law establishing an official procedure for supervised banks to request a license to issue stablecoins for payments under #GENIUS law. This procedure sets a preliminary regulatory framework for the traditional banking system to directly participate in this market.
🗓️ The proposal is currently under a public consultation period, with 60 days allocated for feedback. The text includes details on analysis criteria, operational requirements, and superviso

Traditional banks are trying to eliminate the yields of stablecoins, and digital currencies are fighting back!
A coalition of more than 125 companies in the cryptocurrency sector has resisted pressure from major banks aiming to prevent stablecoin yield products under the law #GENIUS . 🚨
Here are the details 👇
💥 Banks claim that the yields of stablecoins threaten deposit rules and are seeking to tighten regulations, even beyond what the GENIUS Act has already prohibited for issuers.
💸 Cryptocurrency companies argue that allowing platforms to offer legal rewards was a deliberate concession t