UBS highlights swift advancements in the Senate on a significant economic bill aimed at achieving tax incentives and trade measures. The deadline pressure may push the Senate to implement long-term tax breaks while restructuring some deductions. The bill’s advancement through budget reconciliation facilitates a faster legislative process.
Ripple and the SEC are moving towards settling their legal disputes over XRP, aiming to release $125 million in escrowed funds. This resolution could provide critical regulatory clarity for XRP and cryptocurrencies, marking an important step in defining the legal landscape around digital assets.
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