The main cryptocurrency news on the morning of June 17

#BTC☀️ Former US House Speaker Paul Ryan has advocated for legislation to regulate stablecoins as a strategic measure to counter the economic influence of China, whose authorities continue to work on the digital yuan.

He argues that stablecoin regulation could significantly increase demand for U.S. Treasury securities and facilitate deeper integration of the dollar into the digital currency environment. Movement in the indicated direction, Ryan is confident, will strengthen the country's financial system.

The US Securities and Exchange Commission (SEC) did not accept Ripple’s reasoned proposal to reduce the fine. The project team asked for a fine of no more than $10 million, citing the Terraform Labs case. The SEC believes that the arguments presented by Ripple have no weight.

$BTC The regulatory team noted that the Terraform Labs case does not intersect with the crypto project case, which means the prosecution cannot use its details for trading. The SEC proposed that the Ripple team settle on a fine of $876.3 million.