Trump Says the US will Control Hormuz, Crypto at His Mercy

President Trump declaration that the United States would “probably” take control of the Strait of Hormuz, and should be compensated for doing so, landed on crypto and markets like a macro grenade. Bitcoin was already trading near $64,000 before the comments added another geopolitical headache to an already fragile market. The full effect on crypto…

Ripple CEO says SEC suit nearly pushed company to shut down

Ripple CEO Brad Garlinghouse said he and co-founder Chris Larsen seriously considered shutting the company down after the SEC sued in 2020 and distributing Ripple’s XRP holdings to shareholders. In a KU Hustle interview, Garlinghouse said they chose to fight instead because closing Ripple would have cost hundreds of jobs. He estimated the four-year legal…