Welcome to CryptoPulse ๐ | Exploring the world of blockchain, crypto, & Web3 ๐ | Updates, insights, and trends to keep you ahead in the digital revolution ๐
๐จBREAKING: Teucrium CEO - Sal Gilbertie says: โ#XRP is the coin with the most utility. #Bitcoin is a store of value but XRP has a true use case. There is just no doubt about it!โ
The final crossing of tโs and dotting of iโs โ and what should be my last update on SEC v Ripple everโฆ
Last week, the SEC agreed to drop its appeal without conditions. @Ripple has now agreed to drop its cross-appeal. The SEC will keep $50M of the $125M fine (already in an interest-bearing escrow in cash), with the balance returned to Ripple. The agency will also ask the Court to lift the standard injunction that was imposed earlier at the SECโs request. All subject to Commission vote, drafting of final documents and usual court processes.
Thatโs all folks!
the sec is dropping its case against @Ripple.
this is big news.
as an attorney.
and one of the youngest people ever to pass the new york bar.
here's why i think it's so important:
remember what the case was all about: $xrp being a security.
district judge torres ruled that:
- ripple selling xrp on exchanges: NOT securities
- ripple execs selling xrp: NOT securities
- ripple giving xrp to developers/charities/employees: NOT securities
so.
where does this leave us?
first of all, it shows that the new administration is delivering on its promises.
i've posted about this many times since the election.
but legal certainty is absolutely key.
and we're now seeing the results of this.
second of all, it means institutions can come back.
they won't go anywhere near assets and companies with massive legal problems.
but precisely those legal issues are now starting to melt away.
and last but not least.
builders and developers.
these are the lifeblood of the xrp ledger.
as ripple says, they can now 'build with confidence'.
with 1 billion xrp committed towards developers.
they now have the financial firepower.
but also clarity.
to build the future.
so in summary.
i've said it before.
but i'll say it again.
we're at the start of new era in blockchain and crypto as a whole.
and today's announcement is proof of that.
what a time to be alive.
๐จ BREAKING: SEC VS. RIPPLE $XRP - CASE IS OVER! ๐จ U.S. BANKING ADOPTION IS HERE, $RLUSD HUGE IMPACT, TOKENIZATION & BITCOIN RESERVE! W/ @LindaPJones https://t.co/ARw71yogWn
This is it โ the moment weโve been waiting for. The SEC will drop its appeal โ a resounding victory for Ripple, for crypto, every way you look at it.
The future is bright. Let's build.
BREAKING: ๐บ๐ธ SEC COMPREHENSIVE PROPOSAL - $XRP AS A STRATEGIC FINANCIAL ASSET FOR THE UNITED STATES!
LINK POSTED BELOW!!
Comment Below & Follow For More!!๐๐
#Ripple#XRPReserve#SEC
๐จ CMC News: Ripple Labs and the U.S. Securities and Exchange Commission (SEC) are nearing the conclusion of their long-running legal battle.
https://t.co/3MT2AaCGFP
BREAKING: ๐ฆ๐ช RIPPLE $XRP GETS APPROVAL TO PROVIDE CRYPTO PAYMENTS & SERVICES IN THE UAE!
The Dubai Financial Services Authority now allows @Ripple to provide crypto payments & services using $XRP!
Comment Below & Follow For More!!๐๐
XRP TRANSACTIONS SKYROCKET AS ACTIVITY HITS $5 BILLION IN 24 HOURS
$XRP transfers topped $5B in a single day, with wallet activity surging over 600%.
Big money is movingโsomething is brewing with XRP. ๐