By Shikha Singh
SEC dismisses Coinbase case.
On February 27, 2025, the U.S. Securities and Exchange Commission (SEC) filed a motion to dismiss its enforcement action against Coinbase, effectively ending the lawsuit that had been ongoing since June 2023.
This development marks a significant shift in the SEC’s approach to cryptocurrency regulation, as the agency has expressed its intention to develop a more transparent and sensible regulatory framework for digital assets.
The dismissal of the case has been welcomed by the crypto industry, signaling a potential easing of regulatory pressures on cryptocurrency exchanges and related businesses.
Uniswap Partners With Robinhood, MoonPay, Transak to Turn Crypto Into Cash.
Uniswap, a decentralized exchange (DEX), has partnered with Robinhood, MoonPay, and Transak to make it easier for users in over 180 countries to convert crypto to fiat and deposit funds directly into their bank accounts.
This service is now live on Uniswap’s mobile wallet and will soon be available on its web app. The move follows the U.S. SEC dropping its investigation into Uniswap Labs and Robinhood’s crypto division.
Despite this, Uniswap’s total value locked (TVL) has decreased by 30% this year, and its native token, UNI, saw a price drop of 5.4%.
XRP Partners With BDACS.
XRP has partnered with BDACS to enhance institutional cryptocurrency custody services in South Korea. BDACS will use Ripple Custody to secure XRP, RLUSD, and other crypto assets, supporting institutional adoption and the XRPL developer community.
XRP, created by Ripple Labs in 2012, facilitates fast, low-cost global money transfers through RippleNet, a distributed ledger system. XRP is used within RippleNet for liquidity and transaction facilitation, though it operates as an independent digital asset.
WazirX Implements Scheme of Arrangement to Facilitate Recovery for Users.
WazirX is implementing a “Scheme of Arrangement” approved by the Singapore High Court to restructure and recover assets for its creditors.
The scheme involves distributing Rebalanced Net Liquid Platform Assets (NLPA) to users, with expected recoveries around 85.3%.
The first distribution is planned for April/May 2025. Creditors will also receive Recovery Tokens (RTs) to participate in future asset recoveries and profit-sharing from platform reactivation.
The voting process for approval will occur between March 19–28, 2025. The scheme provides faster recovery and fair treatment, with the potential for future market gains.
If the restructuring fails, liquidation could lead to lower recoveries, delayed processes, and limited participation in market upside.
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