The U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) have signed a memorandum aimed at coordinating cryptocurrency policy, establishing a federal regulatory framework, and removing barriers to legitimate cryptocurrency products. Ripple launched a $750 million stock buyback program, with the company valued at $50 billion. Trump's cryptocurrency advisor believes that compliant stablecoins could drive global deposit flows into U.S. banks. OP Labs, the developer of Optimism, laid off 20% of its workforce to streamline operations. Prosecutors took action to block Sam Bankman-Fried's motion for a new trial.

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