The move comes as Strategy continues to aggressively accumulate Bitcoin. On Monday, the firm disclosed the purchase of approximately $10.7 million worth of Bitcoin, bringing its total holdings to an estimated $41.4 billion.
She acknowledged that the last few years have been tumultuous for the industry, with enforcement actions often taking precedence over clear regulatory frameworks. Now, she hopes to provide more definitive guidance and work toward distinguishing which aspects of crypto regulation fall under the SEC’s jurisdiction.
As per reports, a French court granted Durov permission to leave the country on March 13, allowing him to travel to Dubai. The specifics of the court’s decision remain undisclosed, but the move has drawn attention given Dubai’s business-friendly environment and its lack of extradition agreements with several nations.
MGX, an AI-focused fund launched last year, is chaired by Sheikh Tahnoon bin Zayed al-Nahyan, the UAE’s national security adviser and a key figure in the country’s push for artificial intelligence-driven economic diversification.
Since establishing its Middle East headquarters in DIFC in 2020, Ripple has been expanding its footprint in the region. Currently, around 20% of its global customer base operates in the Middle East, a region noted for its high institutional readiness for crypto adoption.
