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Ripple has once again locked 700 million of XRP tokens in escrow, according to on-chain analytics platform Whale Alert. This move aligns with the organization’s long-standing programmed escrow mechanism. This program typically ensures a predictable release schedule, releasing 1 billion XRP from escrow each month, with unused portions usually re-locked. These released tokens are generally allocated for institutional sales, operational expenses, and other company purposes. A similar pattern involving only 700 million XRP was also observed last month, deviating from the standard 1 billion monthly release figure seen previously. According to some market analysts, this deviation could be a sign Ripple is maintaining tighter control over its token supply following public criticisms of price manipulation linked to its programmatic sales. The XRP tokens locked back into escrow this month reportedly originated from surplus holdings within Ripple’s company accounts. In a recent interview with Bloomberg , Ripple CEO Brad Garlinghouse addressed criticism on the company’s historical XRP sales activities, hinting at the possibility of scaling down these programmatic sales sometime in the future. Garlinghouse also pushed back against detractors during the interview. He accused them of spreading misinformation regarding Ripple’s XRP handling practices and sale purposes. Contextually, Ripple Labs’ Chief Technology Officer, David Schwartz, publicly claimed last month that Ripple as a company has no legal or fiduciary obligation to act specifically in the financial interest of independent XRP token holders when deciding on its own sales. He stated the company is free to sell its substantial XRP holdings according to its business needs. At the time of writing, XRP is trading at $2.119, experiencing a slight decline of 0.7% in the past 24 hours, CoinMarketCap data shows. The token faces strong immediate resistance at its 20-day Exponential Moving Average (EMA), which currently sits near the $2.27 price level. This EMA is influencing its near-term price momentum. The Relative Strength Index (RSI) reads a value of 40.49 for XRP, indicating bearish-to-neutral price momentum. Moreover, the gradient of the RSI line suggests a similar sentiment as investors can expect sideways movement to continue until the 20-day EMA is reclaimed. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

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In a Monday evening interview with Larry Kudlow on Fox Business, Senator Tommy Tuberville (R-Ala.) voiced strong support for President Trump’s latest economic agenda, particularly its emphasis on deregulation and access to cryptocurrency. Tuberville, the sitting Senator since 2021, spotlighted his “Freedom’s Act,” a policy that would allow Americans to invest their retirement funds in Bitcoin ( BTC ) and other altcoins . Tuberville introduced his act in 2022 and 2023 but it failed to make any notable progress. He hopes that now with the backing of President Donald Trump his vision can become a reality. “President Trump has become the crypto president and we want to help him with this,” he said. “This would be something good for everybody… diversify. It’s a free country., do what you want with your money. Tuberville contrasted Trump’s crypto-friendly policies with what he described as the Biden administration’s that “didn’t want anything to do with crypto.” The senator linked the pro-crypto stance to Trump’s wider economic vision, which includes deregulation, tax cuts, energy independence, and trade reform. He argued that deregulation through executive orders is a necessary move to counter Democrat opposition and provide Americans “a chance to breathe for once” after four years of being “strangled.” “We have to get this done… if we’ve got to stay up here every night, all through the weekend,” Tuberville said. “American people have to know that the tax cuts are going to be done and done permanently.” As Trump’s “Liberation Day” announcement approaches, Tuberville made it clear: crypto is no longer a fringe issue, rather it’s at the center of the GOP’s economic strategy.

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U.S. President Donald Trump has granted pardons to three co-founders and executives of the cryptocurrency exchange BitMEX. This groundbreaking development comes years after the trio pleaded guilty to financial crimes related to the Bank Secrecy Act (BSA). According to a CNBC report , Arthur Hayes, Benjamin Delo, and Samuel Reed, who co-founded digital asset firm BitMEX, were granted a presidential pardon on Friday, March 28th, 2025 As noted in our previous post, Arthur Hayes and Ben Delo pleaded guilty to violating the Bank Secrecy Act while at BitMEX’s helm. Each agreed to pay $10 million in penalties. Similarly, BitMEX was found guilty of operating without the necessary compliance measures with the right authorities. The trading firm was charged for illegal financial transactions on its platform. In addition, federal prosecutors stated that despite publicly claiming to restrict U.S. users, the exchange continued to serve them during the period it was charged for. A US District Judge pronounced a $100 million fine on the company earlier this year, concluding the case. Likewise, the founders and executives received different sentences, including probation alongside financial penalties. As we covered in our latest report, BitMEX co-founder Arthur Hayes was sentenced to six months of home confinement in May 2022, along with a two-year probation. Delo and Reed also received probation as part of their penance. With President Trump’s pardon, these BitMEX founders are now free from any legal consequences tied to their convictions. Following the presidential pardons, reactions in the digital asset community remain contentious. For example, supporters of the BitMEX executives argue that they were unfairly targeted and that enforcing financial regulations in the cryptocurrency industry has been inconsistent. Other community members believe the charges were necessary to uphold legal standards in digital finance. The US Department of Justice (DoJ) had maintained that BitMEX knowingly failed to comply with financial laws. Officials highlighted that the company’s lack of oversight created opportunities for illegal activities, which could have been prevented with proper policies. The case had been closely watched within the cryptocurrency industry, as it set a precedent for how regulators handle compliance failures in digital asset exchanges. In related news, Hawk Tuah girl Hailey Welch, popular for her connection with the controversial $HAWK token, has been cleared of wrongdoing after a lengthy investigation by the United States Securities and Exchange Commission (SEC). Meanwhile, Under President Donald Trump, regulatory trends around crypto have improved. As we mentioned in our previous news brief, the US SEC has dismissed its case with Ripple Labs, with the firm also closing its counter-appeal. Like Ripple, Coinbase, Uniswap, and Robinhood, among other firms, have also seen their respective legal cases closed.