Hong Kong’s restrictive policies, such as stricter asset custody rules and limited token listings, may deter businesses.
The price of XRP has surged by 30% in the past 24 hours and is currently trading at $2.46.
Michael Kratsios previously served as chief technology officer in the first Trump administration.
David Sacks’ tasks include establishing the legal structure of cryptocurrencies and leading the Presidential Council on Science and Technology.
The move marks a significant development for its parent company, Monex Group.
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