Crypto News Today: Urgent Updates on Germany Seizure, SEC Ripple Settlement Drama, Stablecoin Bill Blocked

Catch up on the essential crypto news today. The digital asset world saw significant developments, from law enforcement actions in Europe to regulatory clashes and political hurdles in the US. Get your daily crypto update right here to stay informed on events impacting Bitcoin, Ethereum, Ripple, stablecoins, and the broader crypto landscape.

Germany Crypto Seizure: Millions Confiscated

In a significant move, German authorities executed a major Germany crypto seizure. Law enforcement confiscated approximately $38 million (34 million euros) in various cryptocurrencies from a platform named eXch. This action, carried out by Germany’s Federal Criminal Police Office (BKA) and Frankfurt prosecutors, marks the third-largest crypto confiscation in the BKA’s history.

The seized assets included Bitcoin (BTC), Ether (ETH), Litecoin (LTC), and Dash (DASH). Authorities also took control of eXch’s German server infrastructure and shut down the platform. eXch is described as a ‘swapping’ service that allegedly operated since 2014, facilitating around $1.9 billion in crypto transfers without proper Anti-Money Laundering (AML) measures. A portion of the funds processed through eXch is believed to be of ‘criminal origin,’ including assets stolen in the large Bybit hack from February.

SEC Ripple Settlement Faces Criticism

The proposed SEC Ripple settlement, aimed at concluding the long-running legal dispute, is facing internal opposition. US Securities and Exchange Commission (SEC) Commissioner Caroline Crenshaw has publicly criticized the settlement agreement between the SEC and Ripple. The proposed deal involves dissolving a previous injunction and returning $75 million of the $125 million in civil penalties held in escrow to Ripple.

Commissioner Crenshaw expressed strong concerns in a statement, arguing that the settlement could undermine the court’s previous ruling and damage the SEC’s ability to effectively regulate crypto firms. She stated that this agreement, combined with other enforcement program changes, does a ‘tremendous disservice to the investing public’ and could ‘erode the credibility’ of SEC lawyers in court by forcing them to take positions contrary to previous ones.

US Stablecoin Bill Stalls in Senate

Progress on potential US stablecoin regulation hit a roadblock today. The Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act of 2025 was blocked by Democrat lawmakers in the Senate. Despite initial bipartisan support, the bill’s advancement was halted due to last-minute opposition from Democrats.

Concerns reportedly centered around potential motivations related to President Donald Trump pushing crypto policies for personal or political benefit. Senior officials in the Trump administration have previously highlighted using stablecoins as a key policy objective to help protect the US dollar’s global reserve status. Following the bill’s stall, Treasury Secretary Scott Bessent commented on the situation, calling the bill a ‘once-in-a-generation opportunity’ to expand dollar dominance and US influence in financial innovation. He warned that without a streamlined federal framework, stablecoins would face a patchwork of state regulations, potentially driving crypto firms offshore.

Your Daily Crypto Update Summary

Today’s crypto news today highlights the dynamic nature of the digital asset space, marked by significant regulatory and enforcement activities. The Germany crypto seizure demonstrates global efforts to combat illicit finance using crypto. The ongoing debate surrounding the SEC Ripple settlement underscores the challenges in US crypto regulation and enforcement consistency. Meanwhile, the stalled US stablecoin bill reveals the political complexities hindering clear policy development in the United States.

These events collectively paint a picture of an industry grappling with legal clarity, regulatory oversight, and political influence, all of which shape the market and innovation landscape. Stay tuned for more updates as these stories develop.