hodler

2 Apr 2026, 17:19

Alabama Gives DAOs a Legal Path Under New Law

Alabama has become the second U.S. state to approve a DUNA framework for decentralized autonomous organizations, or DAOs. The measure, Senate Bill 277, creates a legal structure for what the law calls decentralized unincorporated nonprofit associations. Legislative records show the bill was introduced by Sen. Lance Bell, passed both chambers, and reached the governor in March. The law matters because it gives qualifying blockchain based groups a clearer legal identity. Under the bill text, a DUNA can exist as an entity separate from its members. It can hold property, enter contracts, and take part in legal proceedings. At the same time, members are not personally liable for the group’s obligations only because they are members, managers, or administrators. Still, the Alabama framework is narrow. It applies to nonprofit purpose organizations, not every DAO. The bill says a qualifying decentralized association must have at least 100 members and must operate for a common nonprofit purpose. The text also allows these groups to use smart contracts and distributed ledger tools for governance and operations. What the Alabama DAO law changes next The measure also sets practical rules for how a DUNA can function in the real world. For example, it outlines how a group may record authority over real property and how it may appoint an agent for service of process through the secretary of state. That means the law is not only symbolic. It creates a legal route for decentralized groups to act more like recognized organizations offline. One detail is important for timing. Although Alabama has approved the law, the framework does not take effect right away. The enrolled bill says the act will become effective on Oct. 1, 2026. So the state has adopted the structure, but DAOs still have to wait months before the new system is in force. Alabama follows Wyoming, which passed its own DUNA law in March 2024 with an effective date of July 1, 2024. That makes Alabama the second state to adopt this specific model, while Wyoming remains the first. The move adds to a broader effort in some states to give DAOs a clearer legal wrapper without forcing them into a standard corporate form.

2 Apr 2026, 15:48

XRP Ledger Could Unlock Global Financial Access for Billions, Says Ripple President

Ripple President: XRP Ledger Could Empower Billions with True Digital Identity Monica Long has unveiled a bold vision for digital identity on the XRP Ledger (XRPL). The Ripple President noted that XRPL’s decentralized model could give billions true control over their personal data, shifting power away from Big Tech giants like Google, Apple, and Facebook, who currently dominate, store, and monetize user information. Long envisions a Web3 world where individuals reclaim full ownership of their identity. On XRP Ledger, a person’s identity becomes portable and shareable across platforms, letting them prove who they are without revealing sensitive data, a transformative leap in privacy and personal control XRPL recently took another major step forward with the launch of its first zero-knowledge proof (ZK-proof) privacy transaction. This technology allows users to verify their identity on-chain without revealing any underlying data, combining security and privacy in a way that was previously impossible in mainstream finance. Unlocking Global Financial Access and Digital Identity Decentralized identity on the XRP Ledger could unlock financial access for billions of unbanked and underbanked individuals, bypassing traditional credit systems. As a result, this innovation promises to redefine financial inclusion globally, creating a fairer, more equitable ecosystem. More notably, the XRPL is rapidly proving its real-world impact. Now powering Bitget Wallet, the XRP Ledger enables seamless RLUSD stablecoin transactions, showing that XRP is more than a cryptocurrency, it’s a next-gen payment and identity platform bridging blockchain and everyday finance. By uniting decentralized identity, privacy-first verification, and tangible adoption, the XRPL has the potential of offering transformative potential as highlighted by Monica Long. This development would be instrumental in giving people ownership, security, and freedom in a digital world long dominated by centralized powers. For billions seeking autonomy and privacy, the XRP Ledger could be the key to reclaiming control over their digital lives. Conclusion The XRP Ledger’s decentralized identity might prove to be a revolution. By putting ownership, portability, and privacy back in users’ hands, XRPL lets billions reclaim control from Big Tech and access global financial services securely. Combined with real-world adoption via RLUSD and leading wallets, Ripple isn’t just transforming payments, it’s redefining digital sovereignty for a new era.

2 Apr 2026, 15:39

Ripple concludes 700 million XRP escrow lock for April

Ripple Labs re-locked 70% of the 1 billion XRP received from its escrow account in April 2026. The blockchain payment company returned 700 billion tokens to the escrow system in two tranches of 500 million and 200 million on April 1. As such, XRP worth about $945 million was made inaccessible until the company receives another unlock next month. XRP re-locked to Ripple’s escrow in April. Source: XRPSCAN Although the company froze a significant amount of XRP , it diluted the altcoin’s circulating supply with an extra 300 million units, valued at approximately $384 million on April 2, per data shared by Whale Alert . At press time, the amount in the escrow stood at around 33.344 billion, while the net circulating supply was at roughly 66.626 billion, according to on-chain analysis from XRPSCAN, a dedicated search engine for the XRP Ledger (XRPL). Ripple Labs could be following a similar trend to Q1 in the second quarter, after it dumped 900 million tokens in the first three months of 2026. What’s the impact of Ripple’s escrow activity on XRP price? Although the company has, over the years, justified its monthly dump as crucial to its growth and the mainstream adoption of the XRP ledger, the significant monthly sell-offs have weighed down on the price of this altcoin. Over the past 24 hours, the price of this token fell by more than 4%, trading at around $1.30 at the time of this publication. XRP price 24-hour chart. Source: Finbold David Schwartz defends XRPL-Ripple moves David Schwartz, a founding member of XRP Ledger, has, however, defended Ripple’s business model, which is heavily dependent on monthly sales from the escrow account to remain profitable. He stated on Thursday that Ripple’s close relationship with XRP Ledger would be mutually beneficial, but not necessarily lucrative for other companies adopting its payment products. The post Ripple concludes 700 million XRP escrow lock for April appeared first on Finbold .

2 Apr 2026, 14:39

US Attorney's Office Recovers $600K in Crypto Fraud Scheme Targeting Ledger Wallet Owners

Federal prosecutors in Connecticut seized over $600,000 in crypto linked to a fraud case that hit at least one Ledger hardware wallet user.