Ripple-XRP
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"Ripple's Swell Event Showcases XRP Utility in Spectacular Style"
Ripple has officially posted vital highlights of the Ripple Swell event it staged last month in Dubai, with XRP being a key participant in the summit.
Read more on: https://thecryptobasic.com/2023/12/12/xrp-utility-highlighted-at-ripple-swell-event/
#Ripple-XRP #RippleSwell #RippleUpdate #RippleRevolution #CryptoisBetter
Read more on: https://thecryptobasic.com/2023/12/12/xrp-utility-highlighted-at-ripple-swell-event/
#Ripple-XRP #RippleSwell #RippleUpdate #RippleRevolution #CryptoisBetter
"Former SEC Official Dissects Ripple Ruling, Highlights Howey Test Gaps in Secondary Markets"
Former SEC official Daniel Michael and a group of legal experts comment on the Ripple ruling, emphasizing that the Howey test was not designed to address secondary market trades between anonymous buyers and sellers.
Read more on: https://thecryptobasic.com/2023/12/07/ex-sec-official-comments-on-ripple-ruling-says-howey-test-wasnt-designed-to-address-secondary-market-sales/
#Ripple-XRP #RippleLegal #SECSanction #SECDispute #CryptoNews🔒📰🚫
Read more on: https://thecryptobasic.com/2023/12/07/ex-sec-official-comments-on-ripple-ruling-says-howey-test-wasnt-designed-to-address-secondary-market-sales/
#Ripple-XRP #RippleLegal #SECSanction #SECDispute #CryptoNews🔒📰🚫
Ripple CEO Criticizes SEC's Regulatory Approach, Sees Growth in Crypto.
In his speech at DC Tech Week today, #Ripple-XRP CEO Brad Garlinghouse expressed his critical views about the US Securities and Exchange Commission (SEC)'s recent legal actions against Ripple. He highlighted the SEC's extensive losses in its ongoing litigation with Ripple and suggested that an appeal by the SEC could further complicate matters.
Garlinghouse was confident enough in #Ripple's position to suggest that the company was prepared to take the fight to the U.S. Supreme Court if necessary. He alluded to a strong precedent that could work in Ripple's favor, citing historical examples where regulators have been defeated in the nation's highest court.
In his discussion, Garlinghouse drew parallels between #Ripple's legal challenges and those faced by Grayscale, where a judicial opinion criticized the SEC for its conduct, calling it "arbitrary and capricious." This criticism adds to a growing chorus of voices calling for a renewal of the US approach to cryptocurrency regulation.
The #Ripple CEO also noted the stark contrast between America's cautious approach to crypto policy and other nations' ability to attract investment through open and transparent regulations. He warned that the United States risks losing its potential dominance of the burgeoning crypto industry if it continues on its current regulatory path.
Despite these challenges, Garlinghouse remains optimistic about the future of cryptocurrency regulation in the US. He believes that within a decade, regulatory reforms could significantly spur the growth of cryptocurrency, benefiting the industry and positioning the #UnitedStates as a leader in the field.
$BTC $XRP
In his speech at DC Tech Week today, #Ripple-XRP CEO Brad Garlinghouse expressed his critical views about the US Securities and Exchange Commission (SEC)'s recent legal actions against Ripple. He highlighted the SEC's extensive losses in its ongoing litigation with Ripple and suggested that an appeal by the SEC could further complicate matters.
Garlinghouse was confident enough in #Ripple's position to suggest that the company was prepared to take the fight to the U.S. Supreme Court if necessary. He alluded to a strong precedent that could work in Ripple's favor, citing historical examples where regulators have been defeated in the nation's highest court.
In his discussion, Garlinghouse drew parallels between #Ripple's legal challenges and those faced by Grayscale, where a judicial opinion criticized the SEC for its conduct, calling it "arbitrary and capricious." This criticism adds to a growing chorus of voices calling for a renewal of the US approach to cryptocurrency regulation.
The #Ripple CEO also noted the stark contrast between America's cautious approach to crypto policy and other nations' ability to attract investment through open and transparent regulations. He warned that the United States risks losing its potential dominance of the burgeoning crypto industry if it continues on its current regulatory path.
Despite these challenges, Garlinghouse remains optimistic about the future of cryptocurrency regulation in the US. He believes that within a decade, regulatory reforms could significantly spur the growth of cryptocurrency, benefiting the industry and positioning the #UnitedStates as a leader in the field.
$BTC $XRP
"Expert Opinion Shines Light on SEC Chair's Unlearned Lessons from XRP Battle!"
Famous analyst Hassan Tyler rebukes SEC chair Gary Gensler’s regulatory approach, saying the commission’s boss did not learn anything from its defeat against XRP.
Read more on: https://thecryptobasic.com/2023/12/01/expert-says-sec-chair-didnt-learn-anything-from-ripple-and-xrp-defeat/
#Ripple-XRP #RippleUpdate #XRPUpdate #cryptocurreny #CryptoNews🔒📰🚫
Read more on: https://thecryptobasic.com/2023/12/01/expert-says-sec-chair-didnt-learn-anything-from-ripple-and-xrp-defeat/
#Ripple-XRP #RippleUpdate #XRPUpdate #cryptocurreny #CryptoNews🔒📰🚫
"Arabic Media Frenzy: Ripple's Soaring Popularity Takes MENA by Storm"
Renowned San Francisco-based blockchain firm Ripple is now garnering significant coverage from the Middle East and North Africa (MENA) region.
Read more on: https://thecryptobasic.com/2023/11/07/ripple-gains-big-media-coverage-from-arabic-journals-in-mena/
#Ripple-XRP #Crypto #CryptoEcosystems #CryptoTargets #CryptoNews🔒📰🚫
Read more on: https://thecryptobasic.com/2023/11/07/ripple-gains-big-media-coverage-from-arabic-journals-in-mena/
#Ripple-XRP #Crypto #CryptoEcosystems #CryptoTargets #CryptoNews🔒📰🚫
$XRP
XRP displays a symmetrical triangle pattern
Confirmation of the bullish trend awaits a triangle breakout
Breaching the Ichimoku cloud could prompt a retest of support 📉
#nfa #dyor #etf #Ripple-XRP
XRP displays a symmetrical triangle pattern
Confirmation of the bullish trend awaits a triangle breakout
Breaching the Ichimoku cloud could prompt a retest of support 📉
#nfa #dyor #etf #Ripple-XRP
"No Damages, No Demand: Expert Opinion on SEC's Claim Against Ripple"
Yassin Mobarak, a renowned cryptocurrency expert, speculates that the SEC cannot request $770 million worth of penalty from Ripple if no financial harm was inflicted on investors.
Read more on: https://thecryptobasic.com/2023/11/04/expert-says-sec-cant-demand-770m-from-ripple-if-xrp-investors-didnt-incur-damages/
#Ripple-XRP #SECLawsuit #Crypto #CryptoCurrents #CryptoNews🔒📰🚫
Read more on: https://thecryptobasic.com/2023/11/04/expert-says-sec-cant-demand-770m-from-ripple-if-xrp-investors-didnt-incur-damages/
#Ripple-XRP #SECLawsuit #Crypto #CryptoCurrents #CryptoNews🔒📰🚫
"SEC Chair Gensler's Past Nod Ignites Ripple's XRP as the Future of Cross-Border Payments with ODL"
U.S. SEC chairman Gary Gensler, notorious for his hurtful actions against blockchain firms, had recognized XRP’s and Ripple’s contributions to facilitating cross-border payments.
Read more on: https://thecryptobasic.com/2023/11/23/sec-chair-gensler-previously-endorsed-ripples-odl-for-cross-border-payments-with-xrp/
#Ripple-XRP #SECvsCrypto #SECCryptoActions #Crypto #CryptoNews🔒📰🚫
Read more on: https://thecryptobasic.com/2023/11/23/sec-chair-gensler-previously-endorsed-ripples-odl-for-cross-border-payments-with-xrp/
#Ripple-XRP #SECvsCrypto #SECCryptoActions #Crypto #CryptoNews🔒📰🚫
SEC Sues Kraken, Calls Cardano (ADA) and Solana (SOL) Securities, XRP Not Included
Kraken, a US-based crypto exchange, has been sued by the United States Securities and Exchange Commission (SEC), for allegedly operating as an unregistered securities exchange, broker, and clearing agency.
In a press release today, the SEC said, “Since at least September 2018, Kraken has made hundreds of millions of dollars unlawfully facilitating the buying and selling of crypto asset securities.”
In the filing, the regulator listed the alleged security assets traded unlawfully by Kraken, including Solana (SOL), Cardano (ADA), Polygon (MATIC), Internet Computer (ICP), Cosmos (ATOM), Algorand (ALGO), Sandbox (SAND), Decentraland (MANA), and Chiliz (CHZ).
According to the SEC, these assets were allegedly mentioned as security assets in the lawsuit against Bittrex, Binance, and Coinbase.
The SEC further claimed that Kraken combines the services of an exchange, broker, dealer, and clearing agency without registering any of those mentioned with them as required by law.
Summary of SEC’s Charges against Kraken
The charges outlined by the SEC say Kraken provides a marketplace that brings together the orders for securities of multiple buyers and sellers using established, non-discretionary methods under which such orders interact, and thus operate as an exchange.
It also says that the exchange approves securities transactions for its customers, acting as a broker in the process.
The regulator also claims that Kraken engages in the business of trading securities for its account without an applicable exception, and thus operates as a dealer.
The SEC also alleged that Kraken serves as an intermediary in settling transactions in various security assets by its customers, thereby acting as a securities depository. This implies that the exchange operates as a clearing agency, as alleged by the regulator.
Risking Customers’ Information
In the lawsuit, the exchange also complains that Kraken is endangering its customers’ personal and financial information with its mode of operation, especially in terms of record keeping.
The statement reads, “Kraken commingles its customers’ money with its own, including paying operational expenses directly from accounts that hold customer cash.”
The exchange is also accused of commingling its customers’ crypto assets with its own, creating what its own auditor had identified as “a significant risk of loss” to its customers.”‘
XRP Not in the List
It’s no surprise that XRP was not listed in the lawsuit as a security. This can be attributed to the successive victories recorded against the SEC by Ripple in recent months.
Recall that Ripple was sued in December 2020 by the SEC for allegedly selling the digital token XRP it tagged as a security without proper registration.
However, on July 13, Judge Analisa Torres exonerated XRP by declaring it a non-security asset. But Ripple’s sales of XRP to institutional clients were classified as securities offerings.
Disclaimer:
This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.
#CardanoADA #Ripple-XRP $ADA $SOL $XRP
In a press release today, the SEC said, “Since at least September 2018, Kraken has made hundreds of millions of dollars unlawfully facilitating the buying and selling of crypto asset securities.”
In the filing, the regulator listed the alleged security assets traded unlawfully by Kraken, including Solana (SOL), Cardano (ADA), Polygon (MATIC), Internet Computer (ICP), Cosmos (ATOM), Algorand (ALGO), Sandbox (SAND), Decentraland (MANA), and Chiliz (CHZ).
According to the SEC, these assets were allegedly mentioned as security assets in the lawsuit against Bittrex, Binance, and Coinbase.
The SEC further claimed that Kraken combines the services of an exchange, broker, dealer, and clearing agency without registering any of those mentioned with them as required by law.
Summary of SEC’s Charges against Kraken
The charges outlined by the SEC say Kraken provides a marketplace that brings together the orders for securities of multiple buyers and sellers using established, non-discretionary methods under which such orders interact, and thus operate as an exchange.
It also says that the exchange approves securities transactions for its customers, acting as a broker in the process.
The regulator also claims that Kraken engages in the business of trading securities for its account without an applicable exception, and thus operates as a dealer.
The SEC also alleged that Kraken serves as an intermediary in settling transactions in various security assets by its customers, thereby acting as a securities depository. This implies that the exchange operates as a clearing agency, as alleged by the regulator.
Risking Customers’ Information
In the lawsuit, the exchange also complains that Kraken is endangering its customers’ personal and financial information with its mode of operation, especially in terms of record keeping.
The statement reads, “Kraken commingles its customers’ money with its own, including paying operational expenses directly from accounts that hold customer cash.”
The exchange is also accused of commingling its customers’ crypto assets with its own, creating what its own auditor had identified as “a significant risk of loss” to its customers.”‘
XRP Not in the List
It’s no surprise that XRP was not listed in the lawsuit as a security. This can be attributed to the successive victories recorded against the SEC by Ripple in recent months.
Recall that Ripple was sued in December 2020 by the SEC for allegedly selling the digital token XRP it tagged as a security without proper registration.
However, on July 13, Judge Analisa Torres exonerated XRP by declaring it a non-security asset. But Ripple’s sales of XRP to institutional clients were classified as securities offerings.
Disclaimer:
This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.
#CardanoADA #Ripple-XRP $ADA $SOL $XRP
"SEC Gears Up for Closed-Door Meeting: Could a Ripple Resolution Be on the Horizon?"
XRP enthusiasts are keeping a close tab on the upcoming SEC’s closed-door meeting and expect the event will lead to a potential settlement in the Ripple lawsuit.
Read more on: https://thecryptobasic.com/2023/11/22/sec-upcoming-closed-door-meeting-sparks-expectation-of-possible-settlement-in-ripple-case/
#Ripple-XRP #RippleVsSEC #RippleUpdate #SECCryptoActions #CryptoNews🔒📰🚫
Read more on: https://thecryptobasic.com/2023/11/22/sec-upcoming-closed-door-meeting-sparks-expectation-of-possible-settlement-in-ripple-case/
#Ripple-XRP #RippleVsSEC #RippleUpdate #SECCryptoActions #CryptoNews🔒📰🚫
..#RippleUpdate #XRPInvestment
1Last move: Over the past 24 hours, XRP has increased by a modest 1.
19%.
I saw a decline.
2.
Hourly Chart: Looking at the shorter time frame, XRP appears to be in a downtrend after attempting to break out of the resistance at $0.
6215.
If this trend continues, we could see a decline towards the $0.
61 area.
3.
Larger time frame: On a larger scale, the overall sentiment is more bearish than bullish as price has not returned to the $0.
64 zone.
Traders may expect support to be tested near $0.
5860 if current trends continue.
4.
Weekly chart: Weekly chart depicts a similar situation.
If the closing price bar approaches support, a breakout is likely, followed by a fall towards the $0.
55 zone by the end of the month.
5.
Current Price: XRP is currently trading at $0.
61625.
In summary, XRP is facing some resistance and if current trends continue, we could see a decline in the coming days.
Traders need to closely monitor the support levels, especially around $0.
5860.
A decisive break below this level could signal further decline.
When navigating the cryptocurrency market, it's important to stay informed and consider possible scenarios.
Support and commitment to such analysis will help you refine and adapt your strategy to a dynamic market.
#XRPUpdate #Ripple-XRP $XRP
1Last move: Over the past 24 hours, XRP has increased by a modest 1.
19%.
I saw a decline.
2.
Hourly Chart: Looking at the shorter time frame, XRP appears to be in a downtrend after attempting to break out of the resistance at $0.
6215.
If this trend continues, we could see a decline towards the $0.
61 area.
3.
Larger time frame: On a larger scale, the overall sentiment is more bearish than bullish as price has not returned to the $0.
64 zone.
Traders may expect support to be tested near $0.
5860 if current trends continue.
4.
Weekly chart: Weekly chart depicts a similar situation.
If the closing price bar approaches support, a breakout is likely, followed by a fall towards the $0.
55 zone by the end of the month.
5.
Current Price: XRP is currently trading at $0.
61625.
In summary, XRP is facing some resistance and if current trends continue, we could see a decline in the coming days.
Traders need to closely monitor the support levels, especially around $0.
5860.
A decisive break below this level could signal further decline.
When navigating the cryptocurrency market, it's important to stay informed and consider possible scenarios.
Support and commitment to such analysis will help you refine and adapt your strategy to a dynamic market.
#XRPUpdate #Ripple-XRP $XRP
📝 𝗥𝗶𝗽𝗽𝗹𝗲 𝗖𝗘𝗢 𝗕𝗿𝗮𝗱 𝗚𝗮𝗿𝗹𝗶𝗻𝗴𝗵𝗼𝘂𝘀𝗲 𝗶𝘀 𝗿𝗲𝗮𝗱𝘆 𝘁𝗼 𝘁𝗮𝗸𝗲 𝘁𝗵𝗲 𝗫𝗥𝗣 𝗹𝗲𝗴𝗮𝗹 𝗯𝗮𝘁𝘁𝗹𝗲 𝘁𝗼 𝘁𝗵𝗲 𝗦𝘂𝗽𝗿𝗲𝗺𝗲 𝗖𝗼𝘂𝗿𝘁.‼️
🚀 Ripple CEO Brad Garlinghouse is gearing up for a groundbreaking legal showdown, declaring his commitment to take the SEC's XRP lawsuit all the way to the Supreme Court. 💼 This bold move could reshape the future of crypto regulation in the U.S.
🤝 Despite facing a daunting Supreme Court battle, Garlinghouse exudes confidence in Ripple's legal defense. The SEC's withdrawn settlement offer "with prejudice" is seen as a victory, suggesting a lack of confidence from the regulator. 🏛️
💡 Ripple's confidence is bolstered by the discovery of "Hinman emails," raising questions about the SEC's inconsistent standards on crypto regulation. 📧 This could be a game-changer for XRP's legal standing.
🌐 Garlinghouse calls for SEC accountability and a clear regulatory framework, criticizing the lack of guidance hindering U.S. crypto industry growth. 🇺🇸 In contrast, he applauds countries with well-defined regulations like Japan, Switzerland, Singapore, the UK, and Australia.
🔍 Ripple's battle against the SEC could redefine crypto regulation in the U.S. A favorable ruling may set a precedent making it harder for the SEC to classify other digital assets as securities, fostering innovation and investment in the American crypto industry. 💡
💪 Garlinghouse's determination to reach the Supreme Court underscores Ripple's commitment to protecting user interests and driving growth in the broader crypto community. 🚀
$XRP #RippleVsSEC #Ripple-XRP
🚀 Ripple CEO Brad Garlinghouse is gearing up for a groundbreaking legal showdown, declaring his commitment to take the SEC's XRP lawsuit all the way to the Supreme Court. 💼 This bold move could reshape the future of crypto regulation in the U.S.
🤝 Despite facing a daunting Supreme Court battle, Garlinghouse exudes confidence in Ripple's legal defense. The SEC's withdrawn settlement offer "with prejudice" is seen as a victory, suggesting a lack of confidence from the regulator. 🏛️
💡 Ripple's confidence is bolstered by the discovery of "Hinman emails," raising questions about the SEC's inconsistent standards on crypto regulation. 📧 This could be a game-changer for XRP's legal standing.
🌐 Garlinghouse calls for SEC accountability and a clear regulatory framework, criticizing the lack of guidance hindering U.S. crypto industry growth. 🇺🇸 In contrast, he applauds countries with well-defined regulations like Japan, Switzerland, Singapore, the UK, and Australia.
🔍 Ripple's battle against the SEC could redefine crypto regulation in the U.S. A favorable ruling may set a precedent making it harder for the SEC to classify other digital assets as securities, fostering innovation and investment in the American crypto industry. 💡
💪 Garlinghouse's determination to reach the Supreme Court underscores Ripple's commitment to protecting user interests and driving growth in the broader crypto community. 🚀
$XRP #RippleVsSEC #Ripple-XRP
"Ripple's Stark Warning to Community - Beware the Allure of 'Too Good to be True' Deals"
American blockchain payments firm Ripple Labs Inc has warned its community members about offers that are “too good to be true.”
Read more on: https://thecryptobasic.com/2023/11/21/ripple-warns-community-on-too-good-to-be-true-deals/
#Ripple-XRP #RippleUpdate #CryptoScamAlert #CryptoScamAwareness #CryptoNews🔒📰🚫
Read more on: https://thecryptobasic.com/2023/11/21/ripple-warns-community-on-too-good-to-be-true-deals/
#Ripple-XRP #RippleUpdate #CryptoScamAlert #CryptoScamAwareness #CryptoNews🔒📰🚫
Major Coins Flew Away: Silence Prevails in Ripple (XRP)!
#Ripple-XRP , which started to retreat after failing to exceed $0.73, dropped to $0.65, creating panic among its investors.
#XRP , which remained in the background compared to #Solana📈🚀🌐 and #AVAX during the rise of #BTC , retreated sharply after failing to overcome the resistance level. XRP, which continues to have weak pricing compared to other major coins, may face larger declines if it cannot find support from fundamental analysis.
Which levels are important to follow for the popular coin, which is currently above an important support? What kind of price movement can we watch?
XRP, which usually makes incredible prices when it gets ahead against the SEC, is now moving under the leadership of BTC. The silent progress of the fundamental analysis side cannot fully reveal the power of the major coin. XRP, which was traded at $ 0.6539 as of the writing of the news, is expected to prevail against the SEC on different issues or in case of sharp rises of BTC, it will drop to $ 0.6962 - 0.7232 - 0.7638 - 0.7898 - 0.8223 and $ 0.8550 respectively. can target.
BTC's bearish pricing, the SEC front getting ahead of Ripple, or the failure to maintain $0.6421 will naturally pull the price down. In such a scenario, the levels where a withdrawal can be expected are 0.6421 – 0.6104 – 0.5797 and 0.5650 dollars, respectively. A downside break below $0.5650 will trigger a larger decline.
$BTC $SOL $AVAX
#Ripple-XRP , which started to retreat after failing to exceed $0.73, dropped to $0.65, creating panic among its investors.
#XRP , which remained in the background compared to #Solana📈🚀🌐 and #AVAX during the rise of #BTC , retreated sharply after failing to overcome the resistance level. XRP, which continues to have weak pricing compared to other major coins, may face larger declines if it cannot find support from fundamental analysis.
Which levels are important to follow for the popular coin, which is currently above an important support? What kind of price movement can we watch?
XRP, which usually makes incredible prices when it gets ahead against the SEC, is now moving under the leadership of BTC. The silent progress of the fundamental analysis side cannot fully reveal the power of the major coin. XRP, which was traded at $ 0.6539 as of the writing of the news, is expected to prevail against the SEC on different issues or in case of sharp rises of BTC, it will drop to $ 0.6962 - 0.7232 - 0.7638 - 0.7898 - 0.8223 and $ 0.8550 respectively. can target.
BTC's bearish pricing, the SEC front getting ahead of Ripple, or the failure to maintain $0.6421 will naturally pull the price down. In such a scenario, the levels where a withdrawal can be expected are 0.6421 – 0.6104 – 0.5797 and 0.5650 dollars, respectively. A downside break below $0.5650 will trigger a larger decline.
$BTC $SOL $AVAX
See original
The number of cryptocurrency users has reached more than half a billion people
Analysts found that the number of people owning ether increased from 89 million to 124 million, while the number of Bitcoin owners by the end of the year increased from 222 million to 296 million people. 40% of Bitcoin owners also own ETH, while 42% of cryptocurrency owners do not hold either Bitcoin or ETH in their portfolios.
The 34% increase in the number of users is associated with a prolonged bearish trend in the crypto market, the authors of the study are confident:
“Cryptocurrency adoption has grown for 2023 despite macroeconomic headwinds, including tightening monetary policy by Western central banks in an attempt to curb inflation, military conflicts including in the Middle East, and the long-term effects of the pandemic.”
#btc- #ETH2024 #BNB🔥 #SOL100 #Ripple-XRP
$BTC $ETH $BNB
Analysts found that the number of people owning ether increased from 89 million to 124 million, while the number of Bitcoin owners by the end of the year increased from 222 million to 296 million people. 40% of Bitcoin owners also own ETH, while 42% of cryptocurrency owners do not hold either Bitcoin or ETH in their portfolios.
The 34% increase in the number of users is associated with a prolonged bearish trend in the crypto market, the authors of the study are confident:
“Cryptocurrency adoption has grown for 2023 despite macroeconomic headwinds, including tightening monetary policy by Western central banks in an attempt to curb inflation, military conflicts including in the Middle East, and the long-term effects of the pandemic.”
#btc- #ETH2024 #BNB🔥 #SOL100 #Ripple-XRP
$BTC $ETH $BNB
Ripple Executive Swell Calls For Activity-Based Crypto Regulation In 2023.
#Ripple's Navin Gupta called for a change in the regulatory approach towards cryptocurrencies in his speech at the #Ripple-XRP Swell 2023 event today. Rather than focusing on the technology behind cryptocurrencies, Gupta suggested that regulations should be based on the types of activities for which they are used, such as payments or securities. He argued that this technology-agnostic perspective will result in more adaptable and effective rules that can keep up with the rapid evolution of blockchain technologies.
The call for a change in regulatory perspective is in line with recent developments in which the Group of Twenty (G20) approved a roadmap put forward by the International Monetary Fund (IMF) and the Financial Stability Board (FSB) for comprehensive global cryptocurrency supervision. Gupta highlighted the different reactions to cryptocurrency in the Middle East and North Africa (MENA) region; While some countries have embraced digital currencies, others have imposed bans or lack clear regulations.
To address these inconsistencies, Gupta suggested that it might be helpful to educate regulators and encourage non-speculative uses of cryptocurrencies. Such uses include remittances and payments, which are less volatile than speculative trading. To support this vision, Ripple has formed a partnership with Onafriq to develop new crypto-based payment corridors connecting various African countries with Australia, the UK and Gulf Cooperation Council countries.
Gupta's advocacy for a technology-neutral regulatory framework is part of #Ripple's broader strategy to promote a stable environment for digital currencies. Gupta believes that by focusing on the activity rather than the underlying technology, regulators can create guidelines that are both effective and adaptable to future innovations in the cryptocurrency space.
$BTC $XRP
#Ripple's Navin Gupta called for a change in the regulatory approach towards cryptocurrencies in his speech at the #Ripple-XRP Swell 2023 event today. Rather than focusing on the technology behind cryptocurrencies, Gupta suggested that regulations should be based on the types of activities for which they are used, such as payments or securities. He argued that this technology-agnostic perspective will result in more adaptable and effective rules that can keep up with the rapid evolution of blockchain technologies.
The call for a change in regulatory perspective is in line with recent developments in which the Group of Twenty (G20) approved a roadmap put forward by the International Monetary Fund (IMF) and the Financial Stability Board (FSB) for comprehensive global cryptocurrency supervision. Gupta highlighted the different reactions to cryptocurrency in the Middle East and North Africa (MENA) region; While some countries have embraced digital currencies, others have imposed bans or lack clear regulations.
To address these inconsistencies, Gupta suggested that it might be helpful to educate regulators and encourage non-speculative uses of cryptocurrencies. Such uses include remittances and payments, which are less volatile than speculative trading. To support this vision, Ripple has formed a partnership with Onafriq to develop new crypto-based payment corridors connecting various African countries with Australia, the UK and Gulf Cooperation Council countries.
Gupta's advocacy for a technology-neutral regulatory framework is part of #Ripple's broader strategy to promote a stable environment for digital currencies. Gupta believes that by focusing on the activity rather than the underlying technology, regulators can create guidelines that are both effective and adaptable to future innovations in the cryptocurrency space.
$BTC $XRP
Ripple chief legal officer Stuart Alderoty has expressed reservations about the recent string of legal defeats suffered by the United States Securities and Exchange Commission during Gary Gensler’s tenure. These remarks follow another setback for the SEC in the Fifth Circuit Court after Ripple’s victory in the XRP lawsuit in July 2023.
Alderoty characterized this sequence of events as a “deeply concerning trend” in which the SEC, under the leadership of Chair Gary Gensler, appears to be straying from its commitment to upholding the law. Alderoty expressed concern about the SEC’s repeated arbitrary and capricious actions in court cases, suggesting a troubling pattern under Gensler’s leadership.
#Ripple-XRP #SECLawsuit
Alderoty characterized this sequence of events as a “deeply concerning trend” in which the SEC, under the leadership of Chair Gary Gensler, appears to be straying from its commitment to upholding the law. Alderoty expressed concern about the SEC’s repeated arbitrary and capricious actions in court cases, suggesting a troubling pattern under Gensler’s leadership.
#Ripple-XRP #SECLawsuit
See original
The blogger named the reasons why American banks did not integrate XRP
Ripple CEO Brad Garlinghouse has hinted at possible adoption of XRP by US banks in the future. Recently, Ben Armstrong, a well-known voice in the blockchain industry, said that the adoption of this token by American banks could be “the key to the success of XRP.”
Difficult times for Ripple began in 2020, when the US Securities and Exchange Commission (SEC) sued the company. Regulators accused Ripple and its executives of allegedly raising “more than $1.3 billion through an unregistered offering of tokenized securities.”
Ripple initially planned to achieve greater adoption of XRP, and litigation has become a major obstacle to achieving these goals. In 2023, a New York court ruled that XRP is not a security, making it the only token with a defined legal status. According to Ben Armstrong, Ripple's victory over the SEC indicates that they are one step closer to realizing their vision.
#secNews #SEC #RippleVsSEC #Ripple-XRP #XRP/USDT
$XRP
Ripple CEO Brad Garlinghouse has hinted at possible adoption of XRP by US banks in the future. Recently, Ben Armstrong, a well-known voice in the blockchain industry, said that the adoption of this token by American banks could be “the key to the success of XRP.”
Difficult times for Ripple began in 2020, when the US Securities and Exchange Commission (SEC) sued the company. Regulators accused Ripple and its executives of allegedly raising “more than $1.3 billion through an unregistered offering of tokenized securities.”
Ripple initially planned to achieve greater adoption of XRP, and litigation has become a major obstacle to achieving these goals. In 2023, a New York court ruled that XRP is not a security, making it the only token with a defined legal status. According to Ben Armstrong, Ripple's victory over the SEC indicates that they are one step closer to realizing their vision.
#secNews #SEC #RippleVsSEC #Ripple-XRP #XRP/USDT
$XRP
⚡️Coin of the day by social activity - #Ripple-XRP
31 October 2023
Ripple is a money transfer network designed to serve the needs of the financial services industry. XRP is the native crypto token of the Ripple network.
$XRP #XRPFuture #IluPredictor #dyor
31 October 2023
Ripple is a money transfer network designed to serve the needs of the financial services industry. XRP is the native crypto token of the Ripple network.
$XRP #XRPFuture #IluPredictor #dyor
