Ripple, the blockchain-based digital payments network, has donated $1 million to a candidate in the Massachusetts Republican Party senate primary.
The firm contributed the funds to John Deaton, a lawyer and crypto advocate known for his active role in the crypto community.
Deaton has been a vocal critic of the United States Securities and Exchange Commission (SEC) and its approach to cryptocurrency regulation.
Deaton’s campaign has gained widespread attention, focusing on blockchain technology and digital assets — topics increasingly entering the political domain.
Elon Musk says X and SpaceX headquarters will move to Texas
On July 16, Elon Musk announced that SpaceX and social media platform X would relocate their headquarters to Texas.
The move comes in response to Governor Gavin Newsom’s contribution to Bill AB1955, which Musk criticized for “attacking both families and companies.”
As a vocal supporter of crypto in the past, Musk stated that SpaceX would leave Hawthorne, California, and set down new roots in “Starbase, Texas.”
As one of the strictest financial regulatory climates in the US, Musk also explained that the move is attributable to California’s hostile regulatory environment.
EU Stripe clients now have crypto purchasing power: Report
The financial service provider Stripe is now enabling clients in the European Union to purchase cryptocurrencies using credit or debit cards through its new crypto integration.
On July 16, a report from the Irish Independent stated that customers in the EU will now be able to purchase Bitcoin (BTC), Ether (ETH) and other cryptocurrencies using Stripe.
Through a Stripe “widget,” online vendors can now facilitate crypto purchases for their customers secured by Know Your Customer regulatory compliance.
John Egan, the head of crypto at Stripe, explained that the expansion will allow merchants to reach “a more global audience” with in-built fraud prevention and identity verification precautions.
Arkham transfers $487 million ARKMs to Coinbase Prime for tax compliance
Arkham Intelligence, a blockchain analytics platform, has moved $487.24 million in its native token ARKM from its vesting contract to Coinbase Prime custody for tax compliance.
According to data from its platform, $185.28 million of these tokens were owned by Miguel Morel, the CEO of Arkham Intelligence.
On July 17, the firm communicated the need for the move to ensure it stayed regulatorily compliant and followed proper tax payment procedures from July 18 onward.
The token transfer to the exchange means that the ARKM will no longer be visible on the blockchain and also marks the beginning of a linear unlocking cycle for the team, investors, and advisers.