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XRP managed to maintain a price of 0.3 - 0.6 for 6 years. this is an achievement 👏 #XRP #XRPCOIN #RippleUpdate

XRP managed to maintain a price of 0.3 - 0.6 for 6 years. this is an achievement 👏 #XRP #XRPCOIN #RippleUpdate

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Ripple CLO Stuart Alderoty calls SEC’s Gensler ‘struggling political liability’ Amid surging spot Ethereum ETF rumors, Ripple CLO Stuart Alderoty calls SEC Chair Gensler a “struggling political liability,” suggesting political motives behind potential SEC moves. In what could be a watershed moment for the U.S. Securities and Exchange Commission (SEC), Ripple’s Chief Legal Officer, Stuart Alderoty, suggests that SEC Chair Gary Gensler is risking his position by becoming a “struggling political liability.” In an X post on May 22, Alderoty criticized Gensler’s approach, saying “he thought crypto was an easy target,” but eventually “overplayed his hand.” Alderoty’s statement came amid rumors swirling about the SEC potentially approving a spot Ethereum exchange-traded fund (ETF), a move that perceived by many in the crypto industry and beyond as a bid to court voters. As Chris Brummer, professor of law and Faculty Director of Georgetown’s Institute of International Economic Law, noted in an X post, this might be “the first time the SEC has become a subject of presidential politics.” The speculation surrounding the spot Ethereum ETF approval gained traction despite the SEC’s previous stance against greenlighting any new crypto-related spot ETFs. This development intensified the competition between the Biden administration and former president Donald Trump, particularly in the context of their contrasting approaches to crypto regulation. As the 2024 elections approach, the clash between Trump’s crypto-friendly stance and Biden’s hesitancy becomes a focal point in a heated political battle. Despite indications from the Biden administration that it remains steadfast in adhering to the SEC’s stance on crypto regulation, the pressure from crypto voters seems to be intensifying as the SEC gears up to potentially approve spot Ethereum ETFs in the coming weeks.
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Tether mencetak $1 miliar USDT di Ethereum, memperkirakan persetujuan ETF. Kenaikan pasar didorong oleh harapan bahwa AS. Komisi Sekuritas dan Bursa (SEC) akan menyetujui ETF Ethereum (ETH) spot untuk diperdagangkan Kamis ini. Whale Alert pertama kali melaporkan pencetakan pada hari Selasa, yang dijawab dan dikonfirmasi oleh CEO Tether Paolo Ardoino, yang menulis, "PSA: pengisian inventaris 1B USDt di Jaringan Ethereum. Perhatikan bahwa ini adalah transaksi resmi tetapi tidak diterbitkan, yang berarti bahwa jumlah ini akan digunakan sebagai inventaris untuk permintaan penerbitan periode berikutnya dan pertukaran rantai." Ini bukan pertama kalinya Tether mencetak token di tengah spekulasi ETF spot. Tether mencetak token USDT $1 miliar pada bulan Januari selama rumor ETF Bitcoin spot. Harga Ethereum (ETH) pada hari itu berkisar dari $2,204 hingga $2,294,61. Ethereum melonjak Nilai Ethereum telah meningkat sebesar 15% pada hari Selasa di tengah spekulasi, dan koin berkinerja terbaik lainnya juga telah melonjak. Peningkatan ini disebabkan oleh kemungkinan persetujuan Ethereum ETF yang lebih tinggi. Beberapa orang berpikir pencetakan terbaru ini adalah langkah preemptif untuk persetujuan SEC dari ETF Ethereum spot. Kasus penggunaan untuk Tether Peningkatan token USDT ini menunjukkan bahwa lebih banyak dana akan mengalir ke kripto, terutama ke koin ETH dan Ethereum. Token ini disimpan di perbendaharaan Tether sebagai "resmin tetapi tidak diterbitkan." Menurut halaman Transparansi Tether, ada USDT senilai $87,8 juta di Ethereum per 20 Mei. Gerakan ini terjadi saat analis Deutsche Bank menyoroti kurangnya transparansi Tether. Mereka memperingatkan konsekuensi yang berpotensi parah jika stablecoin USDT runtuh, mengingat posisi dominannya di pasar stablecoin, yang saat ini melebihi total kapitalisasi $160 miliar. Kapitalisasi pasar Tether melampaui $111 miliar, mengendalikan sekitar 70% dari pasar stablecoin.
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