🚀🚀🔥🔥The probability of the Fed cutting interest rates by 25BP in November is 62.5%🛑👌🏾🚀🚀

According to CME’s “FedWatch”, the probability of the Federal Reserve reducing interest rates by 25 basis points by November is 62.5%, and the probability of reducing interest rates by 50 basis points is 37.5%. The probability of a cumulative interest rate cut of 50 basis points by December is 44.5%, and the probability of a cumulative interest rate cut of 75 basis points is 44.7%; The probability of a cumulative interest rate cut of 100 basis points is 10.8%.

🔥🔥🚀Grayscale launched Aave Investment Fund🚀🚀🔥🔥

Asset management company Grayscale Investments announced the launch of a new Aave governance token AAVE investment fund. This fund is only open to qualified investors and has added Grayscale’s single asset crypto investment product line.

🚀🚀🔥🔥Vitalik Buterin suggests that efforts can be made to increase bandwidth requirements and lower the minimum limit to 16 or 24 ETH🚀🚀🚀🔥

Ethereum co-founder Vitalik Buterin stated in a post that perhaps developers should recognize that 32ETH is a higher threshold for stakers than bandwidth requirements, and may slightly increase the bandwidth requirements in exchange for lowering the minimum staking deposit limit to, for example, 16 or 24ETH. Once Ethereum completes the peerdas upgrade, the minimum deposit limit can also be reduced to 1 ETH.

#GrayscaleRollsOutAaveFund #IranianMissilesPlummetsBTC #BTCReboundsAfterFOMC #SECCryptoAccounting

Ripple vs. SEC: The Potential Appeal and Its Market Impact on XRP

As Ripple's long-running legal battle with the SEC approaches a crucial moment, the cryptocurrency community is watching closely. The possibility of a U.S. Securities and Exchange Commission (SEC) appeal could introduce a new chapter to the already contentious case. This post dives into the key aspects of the potential appeal and its possible implications for Ripple and the broader cryptocurrency market.

SEC’s Potential Appeal Strategy

The heart of the SEC’s appeal strategy centers on whether Ripple’s programmatic sales of XRP constitute an unregistered securities offering. Despite Ripple being ordered to pay a $125 million fine by Judge Torres, the blockchain company has obtained a temporary stay on this fine. Former SEC attorney Marc Fagel emphasized that the appeal would not focus on penalties but the legal framework surrounding these sales.

As the October 7 appeal deadline draws near, former SEC attorney James Farrell estimated a 75% chance of the SEC proceeding with an appeal. Failure to appeal could weaken the SEC’s stance in future cases concerning cryptocurrency regulations.

Fluctuations in XRP’s Price

XRP’s price has been notably volatile amid these legal developments. After a 1.4% decline in the last 24 hours, it now trades at $0.5834, with a trading volume of $992.51 million. Although Ripple CEO Brad Garlinghouse and Chief Legal Officer Stuart Alderoty have rejected rumors of an appeal, market experts believe that any last-minute moves by the SEC could have significant ramifications for the future of XRP.

Disclaimer:

This content is for informational purposes only and does not constitute legal or financial advice. Cryptocurrency investments carry risk, and individuals should conduct thorough research before making any investment decisions.

#XRPGoal #SECCryptoRegulation #SECCryptoAccounting #RippleSEC #Xrp🔥🔥 $XRP

SEC’s Aggressive Crypto Stance Resulted in $15 Billion Loss, Claims John Deaton #SECCryptoAccounting

Deaton said the SEC’s actions have led to losses exceeding $15 billion for retail investors
$BTC
John Deaton, a well-known pro-crypto attorney and U.S. Senate candidate, has accused the Securities and Exchange Commission (SEC) of causing significant financial harm to small investors through its regulatory approach to cryptocurrencies.
$ETH
In a recent post on X, Deaton said the SEC’s actions have led to losses exceeding $15 billion for retail investors.
$BNB
Deaton, who has represented thousands of XRP holders in legal proceedings, claimed the SEC’s enforcement practices amounted to “gross overreach,” significantly impacting small investors.

“The SEC’s misconduct and gross overreach caused small investors over $15 billion. On behalf of those 75K small investors I represented, we do not accept the SEC’s apology.

SEC Faces Scrutiny for its Aggressive Regulatory Stance

His criticism comes at a time when the SEC has faced increasing scrutiny for its aggressive regulatory posture toward the crypto industry.

Deaton, who won the Republican nomination for the U.S. Senate in Massachusetts, is set to challenge Democratic Senator Elizabeth Warren in the upcoming November election.

He highlighted that he intends to hold the SEC accountable, particularly since, in his view, Senator Warren has been reluctant to do so.

The critique of the SEC coincides with a surprising shift in the agency’s stance regarding.

In a court filing shared by Coinbase’s Chief Legal Officer, Paul Grewal, the SEC acknowledged that it no longer views cryptocurrencies themselves as securities.

“The SEC regrets any confusion it may have invited” by previously suggesting that tokens themselves were securities,” the SEC’s amended complaint against Binance included a notable statement.

This represents a departure from the SEC’s earlier position, particularly regarding XRP, which had been classified as a security in past legal disputes.

The SEC lawsuit against Kraken going to trial could stir things up in the crypto realm. Investors might get spooked with more regulatory oversight. It's crucial to keep an eye on how this legal battle unfolds and its impact on the crypto market. #DOGSONBINANCE #SECCryptoAccounting #BNBChainMemecoins

#SECCryptoAccounting #Xrp🔥🔥 🔥#XRPPredictions #BTC🔥🔥🔥🔥🔥 #BinanceLaunchpool

This friday can determinate high or low 📈↘️

All eyes are currently focused on the Federal Reserve as people eagerly anticipate a decision on interest rates. Analysts widely expect that the rates will remain steady for now, but there is growing speculation that we might see a reduction in rates come September.

#SECCryptoAccounting #SOFR_Spike #US_Job_Market_Slowdown #MtGoxJulyRepayments #SuperMacho

$BTC $ETH $XRP

### 🚨 JUST IN: #SECCryptoAccounting Issues Statement on Ethereum ETFs – Big Day Tomorrow, Sources Say 🚨

The US Securities and Exchange Commission (SEC) has taken a significant step forward in the approval process for spot Ethereum ETFs. Here's what you need to know:

👉 **Submission Deadline:** Companies issuing spot Ethereum ETFs must submit draft S-1 forms by the week's end.

👉 **Milestone:** Approval of forms 19b-4 on May 23 marked a crucial milestone.

👉 **S-1 Forms:** Finalization is next, but last-minute changes from the SEC delayed preparation.

👉 **Feedback Loop:** The SEC will review draft S-1 filings and provide feedback, requiring further adjustments.

👉 **Key Players:**
- **VanEck:** Filed a modified version of its S-1 form.
- **#BlackRock:** Detailed a $10 million funding for its #ETF on May 30.

👉 **Complex Process:** Seed investment details are straightforward, but other aspects may require more time.

👉 **Draft Rounds:** At least two more rounds of drafts are expected before S-1 forms are finalized.

👉 **Timeline:** Analysts predict that completing S-1 forms will take several weeks, potentially extending to several months.

👉 **Market Impact:** Some traders see the delay positively, allowing for thorough scrutiny and potentially contributing to a more stable market once trading begins.

*This is not investment advice.

#ETHETFsApproved #altcoins

SEC CREATES TASK FORCE TO COMBAT CRYPTO AND SECURITIES FRAUD 🤥 🤥 🤥

SEC forms Interagency Securities Council (ISC) to fight crypto and securities fraud
Council unites over 100 agencies to enhance cooperation and information sharing
Focus on identifying new trends in scams and fraud, and preventing memecoin pump-and-dump schemes

ISC to convene quarterly, led by SEC's Division of Enforcement
SEC warns of AI-enhanced crypto scams using deepfakes and social media
Pump-and-dump schemes on the rise, especially in low-quality or speculative coins

SEC takes action to protect investors and prevent fraud in the crypto space!

$BTC $ETH $SOL

#Write2Earn! #ETH_ETF_Approval_23July #BinanceHODLerBANANA #SECCryptoAccounting

$XRP
XRP Whales Move 230 Million Coins as Ripple vs. SEC Lawsuit Nears Conclusion

• XRP whales have transferred 230 million XRP, worth over $109 million, in the past 24 hours, stirring speculations about the cryptocurrency's future price movements as the Ripple vs. SEC lawsuit nears its conclusion.

• The lawsuit, which involves potential fines of approximately $2 billion, has seen a recent development in Judge Torres' ruling that XRP secondary sales are not considered securities, shifting the balance in Ripple's favor.

• While one whale dumped 30.93 million XRP to Bitstamp, another moved 200 million coins to an unknown wallet, leading to mixed sentiments in the market.

• XRP's price has shown a positive trend, gaining 1.39% over the past day to trade at $0.4802, supported by increased whale accumulations and the favorable legal developments.

#Xrp🔥🔥 #SECCryptoAccounting #WhalesBuying

Big Win for Ripple: Court Declares XRP Not a Security!🤞🥂

In a major victory for Ripple Labs, a US court has ruled that XRP, the cryptocurrency developed by the company, is not a security. This decision is huge for the cryptocurrency industry and will have a significant impact on how digital currencies are regulated in the United States.

So, what happened? Well, the Securities and Exchange Commission (SEC) had accused Ripple of selling XRP without properly registering it as a security. But Ripple argued that XRP is actually a currency, not a security.

The court agreed with Ripple, and this ruling is a big deal. It means that XRP is now considered a currency, and that will have a ripple effect (pun intended!) on the entire cryptocurrency industry.

This decision is also important because it sets a precedent for how other digital assets will be regulated. And, as a result of the ruling, the value of XRP has already gone up by about 6%!

Ripple's legal team is thrilled, and this win will likely have a positive impact on the company's market position.

So, what does this mean for the future of cryptocurrency? Well, it's a significant step forward, and we can expect to see more developments in the coming months and years.

#XRPGoal #xrpsucess #SECCryptoAccounting #Write2Earn! #BinanceTurns7

BREAKING !!

Prometheum, a firm licensed by the SEC, adds $UNI 
💰and $ARB 💰 to its custody list.

#SECCryptoAccounting #Uniswape #Arbitram

🚨 **Major Update: President Biden Backs SEC Chair Amid Crypto Clash in Congress!** 🚨

President Biden has firmly endorsed SEC Chairman Gary Gensler amidst congressional turmoil over cryptocurrency regulation. Despite the House's contentious vote to overturn SEC's critical crypto accounting practice, Biden stands ready to veto Joint Resolution 109 if it reaches his desk.

🔍 **Key Points:**
- **SAB 121 Overview:** Enforced in April 2022, SAB 121 mandates crypto custodians to account for liabilities and assets of custodied cryptocurrencies on balance sheets, aiming to enhance crypto asset security.

- **Congressional Opposition:** Spearheaded by Rep. Mike Flood, critics argue SAB 121 lacks regulatory coordination and public input, casting doubts on its validity.

- **Administration's Stance:** Biden's team asserts that limiting SEC's regulatory authority could trigger financial instability and uncertainty in the expanding crypto realm.

🔜 **What's Next:**
- **Senate Showdown:** The resolution progresses to the Senate, facing an uncertain fate, especially without bipartisan support.

- **Possible Veto:** With Biden's veto looming, the resolution's destiny hangs in the balance, underscoring the ongoing battle over crypto regulation.

💡 **Implications:**
This development marks a pivotal moment in crypto regulation, highlighting the clash between innovation and oversight. As events unfold, stakeholders and regulators alike will closely monitor its impact on the crypto landscape.

#cryptoregulation #BidenSupportsGensler #SECCryptoAccounting #HouseResolution

Stay informed as we track the ramifications of this critical issue on cryptocurrency regulation. 📈