
The state would become the fourth to withdraw its legal actions against the crypto exchange. Six other cases are pending.
Decrypt
You can visit the page to read the article.
Source: Decrypt
Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of BitMaden. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.
SEC Declares USDT, USDC, and Other Covered Stablecoins Not Securities

The U.S. Securities and Exchange Commission (SEC) has issued a statement clarifying that certain types of stablecoins, referred to as `Covered Stablecoins,` such as USDT and USDC, are not considered securities. These stablecoins are designed to maintain a stable value relative to the U.S. dollar on a one-for-one basis and can be redeemed for USD at the same rate. The SEC`s Division of Corporation Finance stated that the process of minting and redeeming these stablecoins, which are backed by low-risk and readily liquid assets, does not require registration with the Commission under the Securities Act. The SEC`s statement specifically addresses stablecoins like USDT and USDC, which are marketed for use in commerce, as a means of payment, money transmission, and value storage, rather than as investments. This clarification aims to provide regulatory clarity to the stablecoin market, which has been a topic of significant interest and debate in recent weeks. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io Decrypt

ADA at $0.50 and MAGACOINFINANCE in Presale—Is This the Perfect Entry?
In a volatile market like crypto, timing is everything—and 2025 might just be offering two golden opportunities. With Cardano (ADA) dipping to $0.50 and MAGACOINFINANCE still deep in its pre-sale phase, smart investors are eyeing this moment as one of the strongest entry points of the year. PRE-SALE SELLING OUT – CLICK HERE TO SECURE A SPOT NOW MAGACOINFINANCE – THE MOST TALKED-ABOUT PRESALE THIS YEAR Unprecedented Growth Potential MAGACOINFINANCE – MAGACOINFINANCE has already raised over $4.8 million, signaling immense demand from early-stage buyers. With a supply cap of 100 billion tokens, early entry remains limited—and with exchange listings looming, the countdown is on. LIMITED TIME OFFER-GET 50% EXTRA BONUS WITH CODE MAGA50X Apply MAGA50X and Unlock 3,782% ROI With 50% BONUS Currently priced at $0.0002704, and heading to a listing of $0.007, MAGACOINFINANCE offers a base 2,488% ROI, or 25.88x return. By using the promo code MAGA50X, buyers drop their effective price to $0.0001803—elevating ROI potential to 3,782%, or a 37.82x return. That means even a modest $500 entry could be worth nearly $189,100 if projections hold true. XRP, SOL, HBAR, and LINK: Strong Movers, But MAGACOINFINANCE Leads on Multiplier Potential XRP holds steady at $0.62, expanding its role in cross-border transfers.Solana (SOL) trades at $125.88, with growing TVL and dev activity.Hedera (HBAR) sits at $0.092, continuing enterprise and NFT integrations.Chainlink (LINK) is priced at $13.84, still essential for smart contract connectivity. CLICK HERE TO JOIN THE NEXT BIG BILLION DOLLAR PROJECT Conclusion As the cryptocurrency market continues to evolve, both established and emerging digital assets present unique opportunities. While Bitcoin (BTC), Ripple (XRP), and Solana (SOL) pursue growth strategies, MAGACOINFINANCE distinguishes itself with its innovative approach and attractive pre-sale incentives. Investors are encouraged to conduct thorough research, stay informed about market trends, and consider diversifying their portfolios to navigate this dynamic landscape effectively. For more information on MAGACOINFINANCE and to participate in the pre-sale, visit: Website: magacoinfinance.com Twitter/X: https://x.com/magacoinfinance Continue Reading: ADA at $0.50 and MAGACOINFINANCE in Presale—Is This the Perfect Entry? Decrypt