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Cryptocurrency News Articles
Ripple Unlikely to Promote XRP Due to Ongoing SEC Legal Challenges, Expert Says
Nov 12, 2024 at 08:41 pm
Ripple is maintaining a low profile in its XRP marketing efforts, with Morgan noting, "I doubt Ripple ever will [promote XRP] and certainly not before legal proceedings are long in the rearview mirror."
Key Takeaways:
Ripple is likely to refrain from actively promoting XRP due to the ongoing legal challenges with the U.S. Securities and Exchange Commission (SEC) over the digital asset’s classification.
While Bitcoin enjoys freedom in promotional activities as it is recognized as a non-security asset, XRP remains under the SEC’s scanner, limiting its promotional activities.
The disparity in regulatory treatment is evident as Bitcoin continues to gain ground with a recent price surge, while XRP’s promotional efforts are hindered by the legal proceedings.
The SEC’s appeal in the Ripple case is expected to set a precedent for U.S. crypto regulation, with the opening brief to be submitted by January 15, 2025.
Despite regulatory uncertainties, XRP’s market performance has seen an uptick, with the digital asset’s price climbing to $0.6454, sparking optimism among some traders.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！
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- Cheaply Priced Below 10 Cents, This Altcoin is Mirroring the Early Success of Solana (SOL) and Polygon (POL)
- Nov 14, 2024 at 08:20 am
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- Cynthia Lummis Is Optimistic a Strategic Bitcoin Reserve Will Be Implemented Soon After Donald Trump's Inauguration
- Nov 14, 2024 at 08:15 am
- American Senator Cynthia Lummis expressed optimism that plans to create a strategic Bitcoin (BTC) reserve will be implemented soon after Donald Trump's inauguration.
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- Robinhood Adds SOL, PEPE, ADA, And XRP To Its US Platform
- Nov 14, 2024 at 08:15 am
- The crypto-friendly trading app Robinhood has considerably expanded its altcoin offering for its United States customers just a week after Donald Trump's reelection as the next U.S. president, which is expected to usher in a more favorable regulatory environment for crypto.
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- Will Bitcoin Make Your Wallet Obsolete? The Future of Cash Vs. Cryptocurrency
- Nov 14, 2024 at 08:15 am
- The clash between cryptocurrency and physical cash has intrigued both enthusiasts and skeptics. While digital currencies like Bitcoin promise enhanced security and anonymity, the ultimate question remains: can they truly replace cash entirely?
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- BlackRock Expands Its USD Institutional Digital Liquidity Fund (BUIDL) to Aptos, Arbitrum, Avalanche, Optimism, and Polygon
- Nov 14, 2024 at 08:05 am
- By launching new share classes on these diverse blockchains, the fund will integrate more seamlessly with various blockchain-based financial products and infrastructures.