The filing signals a possible end to a high-profile dispute that has gripped the payments upstart industry since December 2020 for its sale of XRP tokens.

Investors move away from U.S. assets, causing a rise in Treasury yields and a decline in the dollar index and U.S. stocks.

Equities markets are giving mixed results on trade war deescalations.

As part of the settlement agreement, the SEC agreed to drop its claims that three of Nova Labs’ tokens, including the native HNT token, were securities.

The successful reversal of the Internal Revenue Service rule marks the first time the industry got a significant pro-crypto effort through Congress.

In a letter to Deputy Attorney General Todd Blanche on Thursday, the six lawmakers urged him to reconsider his recent decision to disband the DOJ’s crypto enforcement squad.

Before April 9, miners were paying upwards of $3M for chartered flights as they try to outrun the impact of Trump’s import levies. Some miners are comparing the tariffs to China’s 2021 mining ban.

Jack Dorsey says Bitcoin needs payments to scale. Rena Shah, COO of Trust Machines, disagrees. It can continue to be this asset of generational wealth or store of value against inflation, while actually being an active asset across an evolving financial ecosystem, she says.

The SEC staff statement was based on observations about previous disclosures, the agency said.

With the investment led by Fulgur Ventures and Framework, the firm plans to scale its bitcoin-denominated life insurance and annuity products designed to combat inflation risk.