CandleFocus This Week In Crypto: SBF Pardon Rumors, EU Delists USDT, Ripple Donates to Trump, Singapore Industry Grows
2024-12-28
Author: Content Editor
This week in the crypto space, there have been several significant stories and developments. Rumors are circulating that Sam Bankman-Fried, the founder of FTX, may receive a presidential pardon, due to his status as a large Democratic party donor. However, some believe there is still a strong motivation to keep him locked up. In the EU, exchanges are delisting Tether's USDT stablecoin in anticipation of impending regulations, which could hinder European crypto development. Ripple has pledged to donate $5 million worth of XRP tokens to Trump's Inauguration Day, making it the largest donor, while other crypto firms have donated as well. Finally, Singapore and Hong Kong have become major regional hubs in the crypto industry. Crypto.com has expanded its operations in the US, and Singapore has issued more licenses to crypto-related businesses than any other country in Southeast Asia.
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