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$XRP {spot}(XRPUSDT) 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
$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
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Baisse (björn)
🇺🇸 ELECTIONS 🇺🇸 While the USA has had its fair share of bad politics, none have compared to the last four years. 🇺🇸 We can talk about the economy, but even that does not interest us that much. What does interest us is crypto and how it evolves. Whether we admit it or not, the truth is the USA has a big influence in the crypto space. 🌐💰 The next step in crypto remains clear: regulation. That is when the real money starts pouring in. However, the anti-crypto policies that their leadership has implemented have negatively impacted the lives of crypto projects and investors alike. 🚫❌ What gives me hope is that their elections are right around the corner. With Trump being pro-crypto, I believe he has a better chance of winning, and with that, bring the bullish sentiment to an even higher level. 🇺🇸🚀 That is when $BTC , $ETH ,$BNB and all other altcoins will see the mega pump! 📈💰 All we can do now is wait, and be ready, for when the time comes, we will be at the forefront! 💪💎 #CryptoWatchMay2024 #altcoins #BullishMay #SECCryptoAccounting
🇺🇸 ELECTIONS 🇺🇸

While the USA has had its fair share of bad politics, none have compared to the last four years. 🇺🇸

We can talk about the economy, but even that does not interest us that much. What does interest us is crypto and how it evolves. Whether we admit it or not, the truth is the USA has a big influence in the crypto space. 🌐💰

The next step in crypto remains clear: regulation. That is when the real money starts pouring in. However, the anti-crypto policies that their leadership has implemented have negatively impacted the lives of crypto projects and investors alike. 🚫❌

What gives me hope is that their elections are right around the corner. With Trump being pro-crypto, I believe he has a better chance of winning, and with that, bring the bullish sentiment to an even higher level. 🇺🇸🚀

That is when $BTC , $ETH ,$BNB and all other altcoins will see the mega pump! 📈💰

All we can do now is wait, and be ready, for when the time comes, we will be at the forefront! 💪💎

#CryptoWatchMay2024 #altcoins #BullishMay #SECCryptoAccounting
🌟 President Biden Champions SEC Chair Amidst Congressional Crypto Clash! 🌟 In a bold stance, President Joe Biden reaffirms his unwavering support for SEC Chairman Gary Gensler amidst the House's fiery debate over cryptocurrency regulation. Despite the House's controversial vote to overturn a key SEC accounting practice, Biden stands firm, ready to wield his veto power should the resolution cross his desk. What's on the Line? - SAB 121 Overview: Enacted in April 2022, SAB 121 mandates crypto custodians to transparently reflect liabilities and assets for custodied cryptocurrencies on their balance sheets. This regulation aims to enhance security measures in the crypto asset realm. - Congressional Dissent: Led by Representatives Mike Flood and cohorts, critics decry the lack of regulatory consensus and public consultation in implementing SAB 121, casting doubt on its validity. - Administration's Position: The Biden administration warns against curtailing the SEC's regulatory authority, citing potential financial instability and market ambiguity in the dynamic crypto landscape. What's Next? - Senate Standoff: The resolution now ventures into the Senate domain, facing a daunting journey, especially devoid of bipartisan support. - Looming Veto: With Biden's veto threat hanging in the balance, the fate of the resolution remains uncertain, underscoring the ongoing struggle over crypto governance. Implications: This development marks a pivotal juncture in the crypto regulatory narrative, underscoring the delicate balance between fostering innovation and enforcing regulatory safeguards. As events unfold, the crypto community, investors, and regulators remain on high alert, observing the ripple effects on the future of cryptocurrency governance. #CryptoRegulation #BidenSupportsGensler #SECCryptoAccounting #HouseResolution Stay tuned for further updates as we delve deeper into the ramifications of this pivotal issue shaping the future of cryptocurrency regulation. 📈
🌟 President Biden Champions SEC Chair Amidst Congressional Crypto Clash! 🌟

In a bold stance, President Joe Biden reaffirms his unwavering support for SEC Chairman Gary Gensler amidst the House's fiery debate over cryptocurrency regulation. Despite the House's controversial vote to overturn a key SEC accounting practice, Biden stands firm, ready to wield his veto power should the resolution cross his desk.

What's on the Line?
- SAB 121 Overview: Enacted in April 2022, SAB 121 mandates crypto custodians to transparently reflect liabilities and assets for custodied cryptocurrencies on their balance sheets. This regulation aims to enhance security measures in the crypto asset realm.
- Congressional Dissent: Led by Representatives Mike Flood and cohorts, critics decry the lack of regulatory consensus and public consultation in implementing SAB 121, casting doubt on its validity.
- Administration's Position: The Biden administration warns against curtailing the SEC's regulatory authority, citing potential financial instability and market ambiguity in the dynamic crypto landscape.

What's Next?
- Senate Standoff: The resolution now ventures into the Senate domain, facing a daunting journey, especially devoid of bipartisan support.
- Looming Veto: With Biden's veto threat hanging in the balance, the fate of the resolution remains uncertain, underscoring the ongoing struggle over crypto governance.

Implications:
This development marks a pivotal juncture in the crypto regulatory narrative, underscoring the delicate balance between fostering innovation and enforcing regulatory safeguards. As events unfold, the crypto community, investors, and regulators remain on high alert, observing the ripple effects on the future of cryptocurrency governance.

#CryptoRegulation #BidenSupportsGensler #SECCryptoAccounting #HouseResolution

Stay tuned for further updates as we delve deeper into the ramifications of this pivotal issue shaping the future of cryptocurrency regulation. 📈
$XRP The Final Countdown: XRP vs. SEC Verdict Will Rock Crypto Markets In the realm of cryptocurrency, a legendary battle has been raging for years. The mighty Ripple Labs, creators of the XRP token, have been locked in a fierce struggle against the powerful United States Securities and Exchange Commission (SEC). The SEC, with its mighty sword of regulation, has accused Ripple of raising $1.3 billion through an unregistered securities offering. Ripple, with its shield of decentralization, has denied the allegations, arguing that XRP is a cryptocurrency, not a security. As the two titans clash, the crypto community holds its breath. The outcome of this epic battle will determine the fate of XRP and the future of cryptocurrencies. Will Ripple emerge victorious, or will the SEC prevail? The story begins in 2012, when Ripple Labs created XRP as a cryptocurrency for cross-border payments. As XRP grew in popularity, the SEC took notice, and in 2020, it filed a lawsuit against Ripple. The SEC claimed that XRP was a security, and Ripple had violated securities laws by selling it to investors without registration. Ripple refused to back down, arguing that XRP was decentralized, with a wide range of use cases beyond just fundraising. The company rallied the crypto community, and industry leaders and enthusiasts alike voiced their support. As the battle raged on, both sides presented their cases and evidence. The SEC summoned its mighty witnesses, including experts in securities law and finance. Ripple countered with its own army of experts, including cryptographers and blockchain developers. Now, as the verdict approaches, the crypto community is on the edge of its seat. Will Ripple's shield of decentralization hold strong, or will the SEC's sword of regulation strike down XRP? The outcome of this battle will have far-reaching implications for the entire crypto industry. If Ripple wins, it could set a precedent for other cryptocurrencies and clarify the regulatory landscape. #XRPPredictions #SECCryptoAccounting #prediction... $XRP #altcoins
$XRP The Final Countdown: XRP vs. SEC Verdict Will Rock Crypto Markets
In the realm of cryptocurrency, a legendary battle has been raging for years. The mighty Ripple Labs, creators of the XRP token, have been locked in a fierce struggle against the powerful United States Securities and Exchange Commission (SEC).

The SEC, with its mighty sword of regulation, has accused Ripple of raising $1.3 billion through an unregistered securities offering. Ripple, with its shield of decentralization, has denied the allegations, arguing that XRP is a cryptocurrency, not a security.

As the two titans clash, the crypto community holds its breath. The outcome of this epic battle will determine the fate of XRP and the future of cryptocurrencies. Will Ripple emerge victorious, or will the SEC prevail?

The story begins in 2012, when Ripple Labs created XRP as a cryptocurrency for cross-border payments. As XRP grew in popularity, the SEC took notice, and in 2020, it filed a lawsuit against Ripple. The SEC claimed that XRP was a security, and Ripple had violated securities laws by selling it to investors without registration.

Ripple refused to back down, arguing that XRP was decentralized, with a wide range of use cases beyond just fundraising. The company rallied the crypto community, and industry leaders and enthusiasts alike voiced their support.

As the battle raged on, both sides presented their cases and evidence. The SEC summoned its mighty witnesses, including experts in securities law and finance. Ripple countered with its own army of experts, including cryptographers and blockchain developers.

Now, as the verdict approaches, the crypto community is on the edge of its seat. Will Ripple's shield of decentralization hold strong, or will the SEC's sword of regulation strike down XRP?

The outcome of this battle will have far-reaching implications for the entire crypto industry. If Ripple wins, it could set a precedent for other cryptocurrencies and clarify the regulatory landscape.
#XRPPredictions #SECCryptoAccounting #prediction... $XRP #altcoins
🚨 Hot Off the Press! President Biden Backs SEC Chair in Crypto Kerfuffle 🚨 President Joe Biden is standing firm with SEC Chairman Gary Gensler after the House voted to nix a major SEC rule on crypto accounting. The House said “aye” to Joint Resolution 109 with a 228-182 vote, aiming to ditch the SEC’s Staff Accounting Bulletin (SAB) 121. But, if it pops up on his desk, Biden’s got his veto pen ready to go. ✍️ What’s the Buzz? SAB 121 Lowdown: Kicked off in April 2022, SAB 121 tells crypto keepers to show what they owe and own for the digital dough they’re holding, to keep things safe and sound. House Resistance: Led by Rep. Mike Flood and pals, the opposition says SAB 121 skipped the usual rule-making chit-chat, questioning its fair play. Team Biden’s Play: The Biden squad is worried that clipping the SEC’s wings might shake up the financial scene, especially in the crypto corner. What’s Next? Senate Face-Off: The resolution’s off to the Senate next, and it’s gonna be a tough climb without friends from both parties. Veto on the Horizon?: With Biden hinting at a veto, the resolution’s fate is up in the air, showing just how much tug-of-war there is over who gets to call the shots in crypto land. Why It Matters? This twist in the tale is a big deal for the crypto world. It’s all about finding the sweet spot between fresh ideas and playing by the rules. As the drama unfolds, everyone from crypto buffs to big-time investors and rule-makers is keeping an eye out. Stay tuned, folks! We’ll keep you posted on this hot topic as we see how it plays out for the future of crypto rules. 📈🔍 #CryptoRegulation #BidenSupportsGensler #SECCryptoAccounting #HouseResolution
🚨 Hot Off the Press! President Biden Backs SEC Chair in Crypto Kerfuffle 🚨

President Joe Biden is standing firm with SEC Chairman Gary Gensler after the House voted to nix a major SEC rule on crypto accounting. The House said “aye” to Joint Resolution 109 with a 228-182 vote, aiming to ditch the SEC’s Staff Accounting Bulletin (SAB) 121. But, if it pops up on his desk, Biden’s got his veto pen ready to go. ✍️

What’s the Buzz?

SAB 121 Lowdown: Kicked off in April 2022, SAB 121 tells crypto keepers to show what they owe and own for the digital dough they’re holding, to keep things safe and sound.
House Resistance: Led by Rep. Mike Flood and pals, the opposition says SAB 121 skipped the usual rule-making chit-chat, questioning its fair play.
Team Biden’s Play: The Biden squad is worried that clipping the SEC’s wings might shake up the financial scene, especially in the crypto corner.

What’s Next?

Senate Face-Off: The resolution’s off to the Senate next, and it’s gonna be a tough climb without friends from both parties.
Veto on the Horizon?: With Biden hinting at a veto, the resolution’s fate is up in the air, showing just how much tug-of-war there is over who gets to call the shots in crypto land.

Why It Matters?
This twist in the tale is a big deal for the crypto world. It’s all about finding the sweet spot between fresh ideas and playing by the rules. As the drama unfolds, everyone from crypto buffs to big-time investors and rule-makers is keeping an eye out.

Stay tuned, folks! We’ll keep you posted on this hot topic as we see how it plays out for the future of crypto rules. 📈🔍

#CryptoRegulation #BidenSupportsGensler #SECCryptoAccounting #HouseResolution
### 🚨 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
### 🚨 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
🚨 **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. 📈
🚨 **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. 📈
🔥READY🔥 $BTC Bitcoin's price action lately has been a snoozefest, and there's a good reason for it. 😴 After the big crash from $72K to below $70K, the unemployment rate news spooked investors and sent the price plummeting. 😱📉 Now, Bitcoin's chilling around $69,500, testing old support levels. 🥶 In my opinion, this price party's on hold until Federal Reserve Chair Jerome Powell speaks on Wednesday, June 12 at 9:30 p.m. 🗣️ Big bulls and bears are waiting for that day to decide where the price is headed next. 👀🐂🐻 Stay alert, folks, but maybe sit this trading round out! ⚠️ #BTC #bitcoin #altcoins #SECCryptoAccounting #ETHETFsApproved
🔥READY🔥

$BTC

Bitcoin's price action lately has been a snoozefest, and there's a good reason for it. 😴

After the big crash from $72K to below $70K, the unemployment rate news spooked investors and sent the price plummeting. 😱📉

Now, Bitcoin's chilling around $69,500, testing old support levels. 🥶

In my opinion, this price party's on hold until Federal Reserve Chair Jerome Powell speaks on Wednesday, June 12 at 9:30 p.m. 🗣️

Big bulls and bears are waiting for that day to decide where the price is headed next. 👀🐂🐻

Stay alert, folks, but maybe sit this trading round out! ⚠️

#BTC #bitcoin #altcoins #SECCryptoAccounting #ETHETFsApproved
🚨 Breaking News: President Biden Stands by SEC Chair Amid Congressional Crypto Clash 🚨 In a decisive move, President Joe Biden has expressed unwavering support for SEC Chairman Gary Gensler following the House's controversial vote to overturn a critical SEC accounting practice for cryptocurrencies. The House passed Joint Resolution 109 with a 228-182 vote, aiming to scrap the SEC's Staff Accounting Bulletin (SAB) 121, but Biden is ready to veto should it land on his desk. What's at Stake? - SAB 121 Overview: Enacted in April 2022, SAB 121 requires crypto custodians to reflect liabilities and corresponding assets for custodied cryptocurrencies on their balance sheets, a regulation intended to mitigate risks in crypto asset safeguarding. - Congressional Opposition: Spearheaded by Representatives Mike Flood and others, critics argue that SAB 121 was implemented without sufficient regulatory coordination and public input, challenging its legitimacy. - Administration's Stand: The Biden administration argues that limiting the SEC’s regulatory reach could spell financial instability and uncertainty in the burgeoning crypto market. Next Steps: - Senate Showdown: The resolution now heads to the Senate, where it faces an uphill battle, particularly without bipartisan backing. - Potential Veto: With Biden's veto threat looming, the resolution’s future is uncertain, highlighting the ongoing tug-of-war over crypto regulation. Implications: This development is a key moment in the crypto regulatory landscape, emphasizing the tension between innovation and regulation. As the situation unfolds, the crypto community, investors, and regulators will be watching closely. #CryptoRegulation #BidenSupportsGensler #SECCryptoAccounting #HouseResolution Stay tuned for more updates on this critical issue as we track its impact on the future of cryptocurrency regulation.
🚨 Breaking News: President Biden Stands by SEC Chair Amid Congressional Crypto Clash 🚨

In a decisive move, President Joe Biden has expressed unwavering support for SEC Chairman Gary Gensler following the House's controversial vote to overturn a critical SEC accounting practice for cryptocurrencies. The House passed Joint Resolution 109 with a 228-182 vote, aiming to scrap the SEC's Staff Accounting Bulletin (SAB) 121, but Biden is ready to veto should it land on his desk.

What's at Stake?
- SAB 121 Overview: Enacted in April 2022, SAB 121 requires crypto custodians to reflect liabilities and corresponding assets for custodied cryptocurrencies on their balance sheets, a regulation intended to mitigate risks in crypto asset safeguarding.
- Congressional Opposition: Spearheaded by Representatives Mike Flood and others, critics argue that SAB 121 was implemented without sufficient regulatory coordination and public input, challenging its legitimacy.
- Administration's Stand: The Biden administration argues that limiting the SEC’s regulatory reach could spell financial instability and uncertainty in the burgeoning crypto market.

Next Steps:
- Senate Showdown: The resolution now heads to the Senate, where it faces an uphill battle, particularly without bipartisan backing.
- Potential Veto: With Biden's veto threat looming, the resolution’s future is uncertain, highlighting the ongoing tug-of-war over crypto regulation.

Implications:
This development is a key moment in the crypto regulatory landscape, emphasizing the tension between innovation and regulation. As the situation unfolds, the crypto community, investors, and regulators will be watching closely.

#CryptoRegulation #BidenSupportsGensler #SECCryptoAccounting #HouseResolution

Stay tuned for more updates on this critical issue as we track its impact on the future of cryptocurrency regulation.
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