Ripple Labs' Legal Victory and GameStop's New Bitcoin Strategy Were the Highlights of the Past Week

The past week in the financial world was nothing short of eventful. From Ripple's legal victory to GameStop's new Bitcoin strategy, there was no shortage of intriguing developments.

The past week in the financial world was nothing short of eventful. From a major development in the Ripple case to GameStop's new Bitcoin strategy getting a nod from Jim Cramer, there was no shortage of intriguing stories.

Here's a closer look at some of the top headlines from the week:

1. Experts Weigh In: Can XRP Benefit From Stablecoin Surge Following Reduced Ripple Penalty?

Despite agreeing to a reduced penalty of $50 million with the SEC, experts are divided on whether this will benefit XRP in the current stablecoin rally. The SEC will return $75 million, pending final court and commissioner approval.

The agency is also dropping its claims that Triple S Triple S/DeFi protocol Never sold unregistered securities.

However, the question remains whether this win will position XRP favorably in the stablecoin market, considering its limited role in the DeFi ecosystem.

2. Peter Schiff Critiques Surging Bitcoin Demand- ‘Who Is Buying It?'

Gold advocate Peter Schiff took to X, formerly Twitter, to express his skepticism regarding Bitcoin's surprising resilience and the source of its current demand.

Schiff highlighted two major factors driving Bitcoin's demand: Michael Saylor's relentless Bitcoin purchases for MicroStrategy and speculators betting on strategic reserves.

3. Robinhood's Latest Offerings Praised As ‘Schwab Elite Banking For Everyone'

Bernstein analysts have praised Robinhood's latest offerings, calling it “Schwab elite banking for everyone,” highlighting the platform's shift towards higher-end financial services.

As part of its broader strategy to capture a portion of the $114 trillion wealth transfer heading toward younger, tech-savvy investors, Robinhood has been expanding its product portfolio.

4. Crypto.com's Native Token Surges After SEC Clearance

Crypto.com's native token, Cronos, saw a significant surge as the company announced that the SEC would not take any enforcement action against it.

Crypto.com's CEO, Kris Marszalek, confirmed the closure of the SEC's investigation, which began in 2021, and announced that the agency would not pursue any charges against the company or its U.S. subsidiary.

5. Jim Cramer Approves GameStop's Bitcoin Strategy

GameStop has received praise from influential market commentator Jim Cramer for its newly announced Bitcoin treasury strategy.

Cramer expressed his approval on X, formerly Twitter, responding to a post by crypto analyst Willy Vogel, known for his chart analysis. Vogel highlighted that GameStop is finally implementing the Bitcoin strategy which Cramer had previously advocated for.