In today’s crypto news, the SEC has dropped its multi-year enforcement action against Ripple, marking a significant victory for the company and the crypto community, as stated by Ripple CEO Brad Garlinghouse. Additionally, Minnesota state Senator Jeremy Miller proposed a Bitcoin Act, allowing state investments in Bitcoin and other cryptocurrencies, as he transitions from skepticism to support for crypto. This follows a trend where 23 U.S. states have introduced similar legislation for Bitcoin reserves. Meanwhile, Bo Hines, executive director of the President’s Council of Advisers on Digital Assets, announced that stablecoin legislation is imminent, following the bipartisan approval of the GENIUS Act by the Senate Banking Committee. This legislation aims to establish guidelines for stablecoin issuers, with Hines projecting completion within the next two months.

Source 🔗