Senator Cynthia Lummis has called for greater clarity in the U.S. crypto regulation space following the recent U.S. Securities and Exchange Commission’s (SEC) ruling on XRP. She believes crypto regulations must be “transparent, well-defined and predictable.”
XRP rose to the rank of 4th largest cryptocurrency by market cap, overtaking BNB, with its value surging to over $15B. Funding rates for XRP spiked as traders sought to capitalize on the trend.
Cryptocurrency markets are volatile, with the leading digital assets ETH, XRP, ADA, BNB and SOL all exhibiting signs of a price increase. Analysts track price trends in order to understand the future implications of these movements. This article examines the performance of these 5 cryptocurrencies in July-14.
On Thursday, the crypto exchanges Coinbase and Bittrex both announced they were re-listing XRP following Ripple’s victory in court against the U.S. Securities and Exchange Commission (SEC). This is a significant legal victory for the company and XRP holders.
The XRP win has the potential to bring the altcoin season that traders have longed for, as prices surge with renewed optimism in the crypto markets. With investors re-entering into the fray, analysts are also looking ahead to what the future may hold ahead for XRP holders.
A U.S. federal judge has ruled that Ripple’s ongoing sale of XRP tokens was not subject to federal securities laws, delivering a major victory for the cryptocurrency giant. The court found XRP sales were not investment contracts.
XRP holders have been given the status of “investors” by a U.S. federal judge, though Ripple contests the ruling, citing expectations of “conflicting outcomes”. Ripple has previously argued that XRP holders are not investors.
Today’s major asset prices experienced significant changes, with BTC climbing 2.85%, ETH rising 2.62%, BNB growing 6.20%, and XRP increasing 5.87%. Meanwhile, ADA, DOGE, SOL, and LTC all saw dips in the market of 3.33%, 5.59%, 5.51%, and 4.45%, respectively. The SPX and DXY both closed flat, up 0.01% and 0.02%, respectively.