Dubai Endorses XRP for Global Transfers 🌍🚀

Major Breakthrough for Ripple!

Dubai's VARA has approved Ripple's XRP for global money transfers. This boosted XRP's price by 0.44% after a three-day decline. Despite this, ongoing SEC litigation keeps investors cautious.

SEC Controversy Ignites Debate 🔥

Gary Gensler's critique of crypto at the Bloomberg Invest conference drew sharp responses. Ripple's CEO, Brad Garlinghouse, slammed Gensler for inconsistency, especially after missing signs of FTX's collapse.

Dubai's endorsement is a big win for Ripple, hinting at broader XRP usage. However, SEC's legal battles continue to cloud its future.

#Crypto #XRP #Dubai #Ripple #SEC