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As the United States Securities and Exchange Commission (SEC) seeks an interlocutory appeal in its case against Ripple Labs, lawyers working in the crypto space expressed confidence in Ripple’s case, with some underscoring that the XRP (XRP) token is not a security. On Aug. 9, the SEC sent a letter to
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Cryptocurrency giants, bitcoin and ether, meanwhile, lost ground during the month. Source
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Ripple’s XRP sales have surged in 2023, with the company selling approximately 2.22 billion XRP since the start of the year. XRP’s community influencer Mr. Huber was among the first to draw attention to the
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Ripple’s sales in 2023 have caused mixed feelings for members of the Ripple community, with many considering it bullish for the network while others see it as detrimental to XRP’s price action. What Has Happened With Ripple’s Sales? Compared to 2022, Ripple sold 37% more XRP per month in 2023, and a
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ETH-focused investment products enjoyed the largest inflows among all cryptocurrencies, totaling $6.6 million. The growth suggests that “sentiment, which has been poor this year, is beginning to turn around” for the second largest crypto asset, noted James Butterfill, head of research at CoinShares. Source
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“XRP has a market capitalization of more than 3.5x of ADA and SOL, typically the largest constituents outside of BTC and ETH, with a weight of little over 1%,” said Lawant. “If XRP is included in the underlying indexes, the asset could represent 4-5% of the composition of the top
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Given the current push for crypto regulation, the industry breathed a sigh of relief on July 13 as Ripple Labs scored a partial victory in its legal battle with the United States Securities and Exchange Commission (SEC) dating back to 2020.Judge Analisa Torres of the U.S. District Court for the
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Coinbase, Kraken, and other centralized exchanges in the United States are relisting XRP following Ripple’s ‘partial’ victory over the SEC. In what has been described as a huge landmark and watershed moment for the crypto verse, Judge
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Gensler’s tough cop routine, which to some extent is precisely the point of this crusade against crypto, cannot be abandoned. That would signal weakness, and weakness is political death. The more likely play of a masterful political operator, which the chair undoubtedly is, is to double down on enforcement and,
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