Ripple-Backed Evernorth Files for SPAC Listing, SEC Approves Tokenized Securities Trading, FTX Schedules $2.2B Distribution in 2026
Ripple-backed Evernorth submitted an S-4 filing to pursue a SPAC listing as a Nasdaq-traded XRP treasury company, while Senator Cynthia Lummis said the crypto market structure bill is "so close this time" with an April markup expected after the Easter recess. The SEC approved a Nasdaq rule change allowing trading of tokenized securities, and FTX Recovery Trust plans an approximately $2.2 billion fourth distribution to creditors on March 31, 2026. Separately, Visa Crypto Labs launched Visa CLI, a command line tool enabling AI agents to initiate secure card payments during coding, and Polymarket acquired crypto payments startup Brahma to enhance user experience in niche markets.