⚠️ Ripple plans to acquire BC Payments Australia to get a financial license in the country.
The move would help #Ripple expand its payment services in the Asia-Pacific region and manage onboarding, compliance, and fund flows under the license.
Meanwhile, XRP is trading around $1.38 and facing resistance near $1.40.
If $XRP breaks above $1.40, the price could move toward $1.50.
Watch the full story ⤵️
https://t.co/C2U40l07UI
🚨 THE MAGIC HOUR 🚨
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@oroogle A new startup by Tim Stokely, and the HBAR Foundation (which supports the Hedera network) are the entities that have put in a bid for TikTok. "
🚨60 MINUTES’ BIAS VS REALITY: THE XRP TRUTH THEY WON’T TELL YOU🚨
60 Minutes aired a story on Ripple and crypto that twisted facts, ignored rulings, and pushed outdated narratives. Here’s how the bias unfolded—and the reality they didn’t want you to know 🧵👇
1️⃣ CRYPTO BOUGHT THE ELECTION?💰
60 Minutes tried to manipulate viewers by asking if Ripple & crypto firms “bought elections.” This framing suggests corruption, ignoring the reality of voter choice and standard lobbying practices.
‼️ FACT: Corporate lobbying is common in tech and finance. Ripple’s Brad Garlinghouse clarified: ‘We educated voters, as many industries do.’ (02:54). Ripple was advocating for regulatory clarity, not creating “special” rules 🤔.
2️⃣ DID 60 MINUTES FORGET JUDGE TORRES? ⚖️
“If XRP is categorized as a security… it would be subject to SEC regulation.” (09:10+).
‼️ FACT: Judge Torres ruled XRP is NOT a security in its programmatic sales. 60 Minutes omitted this game-changing ruling, choosing to amplify outdated SEC claims instead of reporting the truth 👀.
3️⃣ CRYPTO HAS NO UTILITY? REALLY?🌍
60 Minutes claimed crypto is all speculation (06:17).
‼️ FACT: Ripple’s XRP powers real-world cross-border payments, making transactions faster and cheaper. Ignoring this is a blatant oversimplification of crypto’s real-world utility.
4️⃣ CRYPTO FUELS CRIME?🚨
60 Minutes: “Crypto enables crime.” (06:53). 60 Minutes emphasized that crypto facilitates crimes like ransomware and sanctions evasion.
‼️ FACT: They failed to mention that traditional fiat accounts for over 90% of financial crimes (per the UN). Blockchain technology actually enhances traceability, which helps law enforcement track illicit activity. Ignoring this context perpetuates outdated fear-mongering narratives.🙅♂️
5️⃣ FTX SCANDAL = RIPPLE?🤨
By associating Ripple with the FTX fraud scandal, 60 Minutes created a false equivalence (07:35).
‼️ FACT: Ripple operates transparently, partners with regulated financial institutions, and hasn’t faced fraud allegations. As Garlinghouse said: “Bernie Madoff didn’t make all hedge funds criminals.” Lumping Ripple in with bad actors is lazy journalism.
6️⃣ IS THE FIT-21 BILL JUST FOR CRYPTO?🏛️
The show framed the bipartisan FIT-21 Bill—which shifts oversight to the CFTC—as a win for crypto lobbying (09:42).
‼️ FACT: FIT-21 provides clear regulations to protect consumers and close regulatory gaps. Far from deregulation, it ensures crypto’s integration into the U.S. financial system while maintaining oversight. Downplaying this misses the bill’s broader significance.
@60Minutes pushed a biased, outdated, and incomplete story on Ripple and crypto. The reality? Ripple won key rulings, facilitates real-world utility, and calls for fair regulation—not deregulation. 🚀
CRYPTO COMMUNITY PLEASE "REPOST" THIS TO SHARE THE WORD WITH EVERYONE🙏🏼⬇️ All we can do is to make sure that the 'fake' mainstream media gets faded. Add your "Biased VS Reality" points under the post. 👇
#XRP $XRP #Ripple #XRPArmy #XRPCommunity #Crypto #Trading #Trump #SEC #Altcoins @Ripple@bgarlinghouse@s_alderoty