In recent developments, the Bank of Japan has chosen Ripple's XRP cryptocurrency to enhance cross-border payments. A judge ruled in favor of Ripple in its case against the SEC. The SEC accepted BlackRock's application for a Bitcoin ETF. Cryptocurrency-related crime has significantly decreased in 2023, with a 65% decline in inflows to illicit entities. Judge Katherine Polk Failla expressed support for Coinbase in its legal battle with the SEC.
