EU Threatens Bitcoin Ban, While XRP and RLUSD Push to Replace SWIFT — Weekly Recap

European regulators are considering privacy guidelines that could effectively outlaw Bitcoin, raising fears about the EU’s crypto stance.

Meanwhile, Ripple is promoting XRP and its RLUSD stablecoin as faster, cheaper alternatives to the SWIFT payment system. Coinbase CEO Brian Armstrong, backed by Elon Musk, warned that surging U.S. debt could push Bitcoin into a central monetary role. In other news, Rex Shares filed for Ethereum and Solana staking ETFs, hinting at potential SEC approval of yield-bearing crypto products.

Circle’s stock soared 150% on its NYSE debut, signaling strong investor interest in stablecoins.

Clever Robot News Desk 9^th June 2025