❗❗❗👉XRP PRICE IS GOING CRAZY👈❗❗❗
The cryptocurrency market is on the rise today, with global stock indices rising ahead of the US Federal Reserve's decision. The market was given additional fuel by the news that the US SEC (Securities and Exchange Commission) has closed its lawsuit against Ripple, the company behind the XRP token. Following the announcement by Ripple CEO Brad Garlinghouse, the price of XRP rose by over 10% to $2.5. The decision regarding Ripple is also beneficial for a wider group of cryptocurrencies that were 'threatened' to be classified as 'equities'.
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Cryptocurrencies on the offensive
Under the leadership of interim SEC chairman Mark Uyeda, the agency is changing its face. The securities regulator has withdrawn from more than 10 significant cryptocurrency enforcement cases, which extended beyond Ripple and targeted exchanges such as Coinbase, Kraken and Uniswap Labs. The Ripple CEO indicated that the case would set a favorable precedent for the industry with the company’s victory,
“We won on every key legal issue, proving that the digital asset XRP is not a security. That is now the law. And those wins laid the foundation for lawmakers to adopt a set of rules for cryptocurrencies that are consistent with nearly a century of securities law,” the CEO said. The competition for Wall Street is growing.