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Khubaib mirza
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$BTC Polymarket punters expect the US Securities and Exchange Commission to approve a slew of spot XRP exchange-traded funds, which could trigger a $8 billion trading bonanza. Bettors give them a 73% chance of being approved this year. XRP’s fortunes are intimately linked to Ripple. The company’s founders developed the cryptocurrency, and its RippleX team oversees the development of the XRP Ledger. The network has been open source since 2015. Ripple uses XRP to facilitate cross-border payments. On March 31, the business held close to 4.6 billion XRP, plus 37.1 billion that are subject to on-ledger escrow, according to Ripple’s Q1 XRP Markets Report. Combined, that’s about 41% of the max supply, worth about $88 billion in today’s prices.$BTC
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#USHouseMarketStructureDraft According to Odaily, a new draft discussion on market structure from the U.S. House of Representatives aims to clarify the classification of digital commodity transactions. As reported by Forbes journalist Eleanor Terrett, the draft specifies on page 49 that transactions involving the sale of digital commodities do not constitute securities, provided they do not grant the purchaser ownership rights in the issuer's business, profits, or assets. In essence, buying and selling digital commodities on the secondary market, rather than directly from the issuer, will not automatically trigger U.S. securities laws unless the sale confers ownership or claims to the company's profits or assets.
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#FOMCMeeting The Federal Open Market Committee #FOMCMeeting (FOMC) just wrapped up its latest meeting, and while interest rates may have paused, the drama certainly didn't. The Scene As the financial world held its collective breath, Jerome Powell took center stage once again—stoic as ever, yet visibly tense. One might say the only thing rising faster than the Fed’s benchmark rate was Powell’s blood pressure when someone dared mention the term “soft landing.”
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