XRP WARNING: THEY’RE LYING TO YOU RIGHT NOW – HERE’S TRUTH 1

This YouTuber (andreijikh), who has over 2.4 million followers, just did an excellent video on $XRP , which I highly encourage you to watch.

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Ripple’s dollar-backed stablecoin, RLUSD, is officially on track for its December 4 debut in New York. The New York Department of Financial Services (NYDFS) is reportedly ready to approve the new product, clearing Ripple to enter the highly regulated New York finance market.

Ripple’s core business, built around RippleNet, enables faster, cheaper international payments through blockchain technology. Now, with RLUSD, Ripple says it wants to expand its reach, offering businesses a less risky way to use the blockchain for financial transactions.

XRP’s legal headache and Trump’s crypto promises

Ripple has been at the center of one of the most closely watched regulatory battles in crypto history. Since 2020, the company has faced a lawsuit from the SEC over allegations that XRP, its native cryptocurrency, is an unregistered security.

The lawsuit sent XRP into a tailspin, with its price plummeting by over 50% and wiping $16 billion from its market cap. For years, XRP struggled to recover, with its value staying under $1. Ripple’s fight with the SEC has been a major obstacle, dragging on for four years.

But things changed after Donald Trump’s re-election victory earlier this month. Trump’s campaign promises to make the U.S. the “crypto capital of the planet” have reignited optimism in the crypto community.

XRP saw a massive price jump following Trump’s win, soaring to $1.70 and climbing back into the top five cryptocurrencies by market cap, now valued at over $99 billion.

The change in political leadership will also ease Ripple’s legal troubles. Many expect Trump’s administration to take a more favorable stance toward crypto.

Trump’s team may even appoint a former Commodity Futures Trading Commission (CFTC) chair to oversee the regulatory overhaul, potentially dropping the SEC’s case against Ripple altogether.

RLUSD: Ripple’s gateway to the stablecoin market

The global stablecoin market is currently valued at $190 billion and growing fast. Unlike cryptocurrencies like XRP or Bitcoin, stablecoins are pegged to real-world assets, making them less volatile.

They are used for everything from remittances to cross-border payments to everyday transactions, particularly in regions where traditional banking systems are slow or expensive.

RLUSD will directly compete with U.S.-issued stablecoins like Circle’s USDC, Paxos’ PAX, and Gemini’s GUSD. These players are already established in New York, holding licenses from NYDFS. Ripple is expected to secure a trust charter, allowing it to offer RLUSD while meeting NYDFS’s stringent standards for transparency, security, and consumer protection.

This trust charter is a big deal. It offers companies like Ripple the ability to operate without the complexities of a full banking license while still providing regulated financial services. NYDFS has been a gatekeeper for crypto firms wanting to operate in New York, issuing licenses only to firms that meet its strict criteria.

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TL;DR

XRP hit a three-year high, possibly driven by multiple bullish factors.

One of those include a potential resolution of the Ripple v. SEC case as Gary Gensler prepares to step down.

XRP on the Run

Ripple’s XRP is the best-performing top 20 cryptocurrency today (November 29). Its price jumped to almost $1.63, a level last observed in the spring of 2021. Currently, it trades at around $1.61 (per CoinGecko’s data), representing a 10% daily increase and a staggering 200% pump in the past month.

XRP Price, Source: CoinGecko

One factor potentially contributing to its rally is the recent development surrounding Ripple’s stablecoin RLUSD. Earlier this week, X user Vet claimed that almost all tokens have been burned, sparking rumors that the product’s launch is incoming. However, Monica Long (Ripple’s president) recently said that RLUSD will see the light of day once it receives regulatory approval from the NYDFS.

Another element could be the increased speculation that the legal battle between Ripple and the US Securities and Exchange Commission (SEC) might be drawing to an end. Several days ago, the regulator’s Chairman, Gary Gensler, announced he will step down in January next year. He is known for his anti-crypto stance, and unsurprisingly, the XRP army cheered the news of his upcoming departure.

The community now expects a pro-crypto leader and a favorable outcome to the lawsuit that has been ongoing for almost four years. 

Several experts believe Ripple might indeed benefit from the shift. The American attorney Jeremy Hogan forecasted that the agency could drop all non-fraud crypto lawsuits filed over the years. He thinks the Ripple case could be settled for the previously ruled amount of $125 million. 

“It would be…awkward to settle for less than what was already awarded by a Court! The Coinbase and other cases in litigation will simply be dismissed. This will take some time. Not January, but perhaps before summer. That’s my call, and I’m sticking to it,” Hogan said.

Chris Giancarlo (former Chairman of the CFTC) also envisioned a similar scenario. Earlier this week, he assumed the SEC might dismiss the lawsuit against Ripple under Donald Trump’s administration.

Bonus: The Potential ETF

One additional factor which might have played a positive effect on XRP’s price is the latest move from Bitwise Asset Management. The entity submitted a proposal to the SEC for a new ETF that would include ten cryptocurrencies: Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Ripple (XRP), Cardano (ADA), Avalanche (AVAX), Chainlink (LINK), Bitcoin Cash (BCH), Polkadot (DOT), and Uniswap (UNI).

It is important to note that each asset in the crypto index ETF is allocated a specific share. BTC takes the lion’s share with 75.1%, while XRP accounts for 1.5%. 

The launch of such products has previously resulted in a price rally for the underlying cryptocurrencies. It will be interesting to see if the regulator will approve the development and if it will affect the market. 

The post Why is the Ripple (XRP) Price Up Today? appeared first on CryptoPotato.

Coinbase CEO Brian Armstrong has publicly supported Elon Musk’s claim that 30 tech entrepreneurs were secretly debanked, calling it an unethical and un-American act that occurred during Joe Biden’s presidency. Armstrong speculated that Elizabeth Warren and SEC Chairman Gary Gensler played significant roles in targeting the crypto industry through these actions. He emphasized that such unethical measures, including debanking, might have contributed to the Democratic Party’s loss in the presidential election.
Armstrong confirmed ongoing efforts to gather evidence through FOIA requests to expose those involved. This incident reflects a broader regulatory crackdown on the crypto sector in recent years, with critics describing it as an attempt to stifle innovation under the pretense of enforcing compliance.
👇👇👇👇👇👇
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1. @DIN Data Intelligence Network is revolutionizing the data landscape with its innovative AI-powered platform. As the world’s first modular AI-centric platform for data pre-processing, it combines blockchain’s power with AI’s precision, offering a unique solution for data that is essential for the next generation of AI applications.
By decentralizing the data process, @DIN makes it possible to gather, validate, and convert raw data into high-quality AI vectors. This game-changing platform enables both individuals and businesses to contribute to and profit from a cutting-edge data ecosystem. DIN is spearheading a shift in how data is prepared, fueling AI solutions across industries.
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The decentralized framework of DIN runs on the collaboration of three key roles:
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Data Validators and Vectorizers: Chipper Nodes ensure the accuracy of data and transform it into formats ready for AI use. Contributors earn xDIN points, which convert into $DIN tokens, creating a solid foundation for high-quality AI datasets.
This synchronized ecosystem is accelerating data preparation, rewarding active participation, and building a resilient infrastructure for AI development.

3. Exclusive Benefits of Pre-Mining & Node Operations
DIN stands apart from traditional blockchain models with its innovative pre-mining and node operation strategies, offering valuable benefits to participants:

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🔥 BULLISH NEWS: Vancouver Mayor Ken Sim proposes making the city Bitcoin-friendly, including holding $BTC as a reserve asset.

Could this spark a trend among global cities? 🌍💰

What’s your take—visionary or risky? ⬇️ #Bitcoin #Crypto

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🚨BREAKING: ELON MUSK CONFIRM RIPPLE PARTNERSHIP! $81.99 AN #XRP

🔶 Elon Musk, the tech visionary behind companies like Tesla and SpaceX, has long been known for his bold predictions and groundbreaking innovations. Recently, Musk has set his sights on revolutionizing the financial world, claiming that by the end of 2024, his social media platform X (formerly known as Twitter) will eliminate the need for traditional bank accounts by offering a new payment system that integrates seamlessly into the app. The announcement has sparked a wave of intrigue and skepticism, as Musk aims to make X a one-stop hub for social interaction, financial transactions, and more. But how realistic is this ambitious vision, and what does it mean for the future of banking?
🔶 The Ambitious Vision Behind X Payments
Musk's grand plan for X Payments centers around turning the social media platform into a fully functional digital wallet. The platform, which was rebranded from Twitter to X in 2023, has already undergone several transformations since Musk’s acquisition, with a heavy focus on integrating new features to drive user engagement and revenue. The latest idea is to evolve X into a platform capable of handling everything from peer-to-peer payments to large-scale financial services, effectively competing with traditional banks.
The goal is simple: by 2024, users of X will be able to make payments, transfer money, and even conduct business transactions all within the app. Musk has hinted at a wide range of services, including everything from a built-in payment processor to debit card services. The intention is for X to function as an all-encompassing financial hub that eliminates the need for a traditional bank account or credit card, offering a fully digital alternative to physical banking.
🔶 A New Era for Digital Wallets
This isn’t Musk’s first foray into reshaping the financial landscape. Through his ventures like PayPal (originally X.com), Musk has long been an advocate for digital payments. But with X Payments, he intends to take things to the next level by integrating financial services directly into a platform that millions of users already use daily for social networking.
With digital wallets and payment systems like Apple Pay and PayPal already popular, Musk’s idea of merging social media with financial transactions is poised to tap into the growing trend of cashless, instant payments. For many, the notion of managing their money and staying connected on the same platform could simplify daily life significantly.
The key to Musk’s strategy lies in the user base of X, which boasts hundreds of millions of active users worldwide. By embedding payment features into a platform users already interact with on a daily basis, he hopes to eliminate the friction that often comes with using separate apps for social media and banking. X users could send money to friends, pay for goods and services, or even invest—all without leaving the platform.
🔶 Challenges and Risks of Replacing Traditional Banking
While Musk’s vision is undoubtedly bold, it is not without its challenges. The concept of replacing bank accounts with a social media app raises several questions about security, privacy, and regulation. Traditional banks are heavily regulated entities that are subject to strict oversight to protect consumers. X, by contrast, would face immense hurdles to establish the same level of trust and security. Issues such as fraud prevention, dispute resolution, and anti-money laundering measures would need to be fully addressed.
Moreover, the scalability of X Payments is another concern. With a user base that spans the globe, offering financial services on such a large scale comes with logistical and regulatory complexities. Different countries have different rules governing digital payments, and Musk’s platform would need to navigate these laws to offer a global service.
Another risk lies in Musk’s history of controversial decisions. Whether it’s shaking up Twitter’s business model or making bold statements, his leadership style has sometimes raised eyebrows. While many admire his ability to disrupt industries, others are concerned that X Payments could face difficulties if the company’s leadership falters or if the project is sidelined by Musk’s other ventures.
🔶 The Future of Banking and Beyond
If successful, X Payments could mark a seismic shift in how we think about banking. A platform that combines social media, financial services, and even entertainment could become a powerful tool for the next generation of consumers. For younger users who are increasingly looking to manage their finances on mobile platforms, Musk’s vision of a bankless society could become an attractive alternative.
However, the road to eliminating traditional banking is still long, and it remains to be seen whether Musk can overcome the technological, regulatory, and security challenges that stand in the way. If anyone can do it, it’s likely Musk, but only time will tell if X Payments can truly replace the need for a bank account by the end of 2024.
In the meantime, Musk’s latest venture will undoubtedly continue to generate both excitement and skepticism in equal measure, as the financial world watches closely to see whether this ambitious prediction becomes a reality.
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💥 In a jaw-dropping move that could reshape the financial world, Elon Musk is rumored to partner with Ripple to inject a staggering $104 billion into $XRP, Ripple’s native cryptocurrency. This could position $XRP as the backbone of Musk’s ambitious “Everything App,” X.

What Could This Mean for XRP? 🤔

1️⃣ 🚀 Massive Institutional Backing:

With Musk’s involvement, $XRP could skyrocket into the mainstream, cementing its role as a cornerstone of global finance.

2️⃣ 🌊 DeFi Explosion:

The XRP Ledger (XRPL) is already making waves, processing massive transaction volumes. With a projected $1 trillion in DeFi, CTF Token—the leading DeFi asset on XRPL—is climbing the ranks of top DeFi tokens.

Elon Musk’s Vision for X 🌌

Musk’s “Everything App” aims to integrate payments, social media, commerce, and finance into one seamless platform. 💳🔗

⚡ Why XRP Fits Perfectly:

• Ultra-fast transaction speeds 🚀

• Low costs 💲

• Unmatched scalability 🌐

Imagine XRP processing millions of microtransactions, remittances, and peer-to-peer payments globally, challenging traditional banking! 🏦💥

The Power of XRPL in DeFi 🌐

The XRP Ledger continues to dominate, and CTF Token leads the charge:

• 📈 Ranked within the top 10 DeFi tokens, ideal for institutional adoption.

• 💡 Positioned to support Musk’s groundbreaking financial infrastructure.

Why This Partnership Could Disrupt Everything 🏆

💡 Mass Adoption: $XRP could become the go-to for global payments.

📈 Market Surge: Institutional interest could catapult $XRP to new highs.

🌍 DeFi Mainstreaming: Traditional systems may face a seismic shift toward blockchain-based finance.

What’s Next for XRP and Ripple? 🔮

While this $104 billion deal remains speculative, the future for $XRP has never looked brighter. Even without Musk, Ripple’s infrastructure is poised to transform global finance.

👉 Stay tuned—this could mark a pivotal moment for $XRP, Ripple, and the future of DeFi. 🚀

💬 What’s your take? Could Musk’s involvement redefine crypto forever? Let us know in the comments below!

#XRP #XRP #CTFTokens#CTFTokens #DeFiRevolution

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U.S. FINRA Launches Dedicated Crypto Section on Official Website FINRA Expands Focus on Crypto with New Website Section

The U.S. Financial Industry Regulatory Authority (FINRA) has taken a significant step toward embracing the growing cryptocurrency market by introducing a dedicated crypto section on its official website. This update, reported by Fox Business journalist Eleanor Terrett on X, aims to educate investors on the intricacies of crypto trading, the types of crypto assets, and the risks involved.

 

Key Features of FINRA’s Crypto Section

1. Comprehensive Overview of Crypto Assets

FINRA’s new section provides detailed explanations of:

Crypto Asset Types: Including tokens, stablecoins, and digital securities.

Trading Methods: Insights into how and where crypto assets are traded.

Regulatory Context: Clarifying which crypto assets may qualify as securities.

2. Focus on Investor Education

Risk Awareness: The section emphasizes the volatility and speculative nature of cryptocurrencies.

SEC References: Mentions the 2023 SEC Investor Alert, highlighting regulatory scrutiny of certain crypto asset securities.

3. Security Classification

While FINRA does not explicitly classify all crypto assets as securities, it acknowledges that some can fall under the securities category, aligning with past regulatory stances by the SEC.

 

Why This Update Matters

1. Growing Importance of Regulation

The crypto market has expanded significantly, requiring greater investor protection and education.

FINRA’s new section reflects its effort to align with regulatory trends and provide transparency.

2. Addressing Market Confusion

The inclusion of crypto asset classifications helps investors understand whether their assets fall under securities regulations.

The section’s focus on risks offers clarity to new entrants in the crypto space.

3. Aligning with Global Trends

As global regulators increasingly engage with cryptocurrencies, FINRA’s initiative ensures the U.S. remains proactive in fostering informed investment practices.

 

What This Means for Investors

Increased Transparency

Investors now have access to a centralized resource for understanding:

The types of crypto assets available in the market.

Potential regulatory obligations associated with certain assets.

Enhanced Risk Awareness

By highlighting risks such as volatility and fraud, FINRA equips investors with knowledge to make more informed decisions.

A Step Toward Mainstream Adoption

The move could signal increased regulatory support for integrating crypto into mainstream financial systems, fostering greater trust in the asset class.

 

Industry Reactions

Support from Crypto Advocates

Many in the crypto space view the initiative as a positive step toward bridging the gap between traditional finance and the digital asset industry.

Concerns About Regulatory Overlap

Some industry participants worry about potential conflicts between FINRA’s guidelines and other regulatory bodies, such as the SEC and CFTC.

 

FAQs About FINRA’s Crypto Section

1. What is FINRA’s new crypto section about? The section provides insights into crypto asset types, trading methods, and associated risks, helping investors navigate the crypto market.

2. Does FINRA classify all crypto assets as securities? No, but FINRA acknowledges that certain crypto assets may qualify as securities under U.S. regulations.

3. Why did FINRA launch this section now? With the growing popularity of cryptocurrencies, FINRA aims to educate investors and align with broader regulatory efforts.

4. How can investors benefit from this update? Investors can access reliable information about crypto trading, risks, and regulatory considerations, enhancing their decision-making process.

5. What role does the SEC play in this context? FINRA references the 2023 SEC Investor Alert to emphasize potential overlap in how crypto assets are regulated.

 

Conclusion

FINRA’s launch of a dedicated crypto section reflects its commitment to investor education and market transparency. By providing valuable resources on crypto trading and regulatory risks, the move bridges a critical gap between traditional financial systems and the evolving digital asset landscape.

As the cryptocurrency market matures, initiatives like these will play a crucial role in fostering trust, ensuring compliance, and empowering investors to navigate the complexities of crypto assets with confidence.

To learn more about the innovative startups shaping the future of the crypto industry, explore our article on latest news, where we delve into the most promising ventures and their potential to disrupt traditional industries.