SECvsXRP
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Itâs Official, First XRP ETF Filing Lands on SECâs Desk
Investment asset management firm Bitwise has become the first firm to file an initial registration statement for a spot XRP exchange-traded funds (ETF) with the United States Securities and Exchange Commission (SEC). The pursuit of an XRP ETF reflects the increasing demand among institutional investors for safe crypto products.
Epic Bitwise XRP ETF pushÂ
Like other crypto ETFs, the potential Bitwise XRP ETF will provide exposure to the value of the underlying cryptocurrency held by the trust.Â
Bitwise CEO Hunter Horsley stated that the asset manager is optimistic about the results that the XRP ETF
implementation will bring. âWe believe blockchains will usher in new, apolitical monetary assets and permissionless applications for the 21st century,â Hosley wrote in the filing.Â
He further noted that this is why, for the past seven years, Bitwise has helped investors access the opportunities in the space, and the Bitwise XRP ETP is not an exception. On Sept. 30, Bitwise registered an XRP ETF trust entity in Delaware. The trust listed CSC Delaware Trust Company as its registered agent in Wilmington, Delaware.
Bitwiseâs latest move may encourage other asset managers to file a similar application with the U.S. regulator. The latest Form S-1 registration with the SEC follows Bitwiseâs earlier entry into the crypto ETF ecosystem.Â
Bitwise in crypto ETF gameÂ
Almost a year ago, Bitwise resubmitted its amended proposal for Bitcoin ETFs after the regulator provided feedback and queries to an initial filing for the BITB.
In a matter of three months, the SEC approved the offering for trading, together with applications from BlackRock, Fidelity and Grayscale.
Similarly, the asset management firm filed an S-1 form with the U.S. SEC to launch a spot-based Ethereum ETF in Q1, 2024.
#XRP #Ripple #SECvsXRP #TMTG #tapswapwithdraw $BTC $ETH $XRP
Investment asset management firm Bitwise has become the first firm to file an initial registration statement for a spot XRP exchange-traded funds (ETF) with the United States Securities and Exchange Commission (SEC). The pursuit of an XRP ETF reflects the increasing demand among institutional investors for safe crypto products.
Epic Bitwise XRP ETF pushÂ
Like other crypto ETFs, the potential Bitwise XRP ETF will provide exposure to the value of the underlying cryptocurrency held by the trust.Â
Bitwise CEO Hunter Horsley stated that the asset manager is optimistic about the results that the XRP ETF
implementation will bring. âWe believe blockchains will usher in new, apolitical monetary assets and permissionless applications for the 21st century,â Hosley wrote in the filing.Â
He further noted that this is why, for the past seven years, Bitwise has helped investors access the opportunities in the space, and the Bitwise XRP ETP is not an exception. On Sept. 30, Bitwise registered an XRP ETF trust entity in Delaware. The trust listed CSC Delaware Trust Company as its registered agent in Wilmington, Delaware.
Bitwiseâs latest move may encourage other asset managers to file a similar application with the U.S. regulator. The latest Form S-1 registration with the SEC follows Bitwiseâs earlier entry into the crypto ETF ecosystem.Â
Bitwise in crypto ETF gameÂ
Almost a year ago, Bitwise resubmitted its amended proposal for Bitcoin ETFs after the regulator provided feedback and queries to an initial filing for the BITB.
In a matter of three months, the SEC approved the offering for trading, together with applications from BlackRock, Fidelity and Grayscale.
Similarly, the asset management firm filed an S-1 form with the U.S. SEC to launch a spot-based Ethereum ETF in Q1, 2024.
#XRP #Ripple #SECvsXRP #TMTG #tapswapwithdraw $BTC $ETH $XRP
1. đ The U.S. SEC commented on the final judgment in the Ripple case, highlighting the "egregiousness" of Ripple's conduct.
2. âïž Judge Analisa Torres confirmed Ripple committed "a serious offense" with recurring securities law violations, leading to a $125 million fine.
3. đŒ The SEC emphasized that securities laws apply to all firms, regardless of technology or labels used.
4. đ° The SEC initially sought a $2 billion penalty, but Torres significantly reduced the amount.
5. đ Ripple framed the judgment as a win, but the SEC also saw it as a success, with the fine far exceeding Ripple's hoped-for $10 million.
6. â While an appeal by the SEC on the remedies seems unlikely, the agency might challenge the July 2023 ruling on secondary XRP sales.
7. đ XRP saw a 20% price surge within 24 hours, becoming one of the most traded cryptocurrencies globally, especially in South
Korea.
#SEC #XRP #SECvsXRP #XRPPredictions #XRPVictory
2. âïž Judge Analisa Torres confirmed Ripple committed "a serious offense" with recurring securities law violations, leading to a $125 million fine.
3. đŒ The SEC emphasized that securities laws apply to all firms, regardless of technology or labels used.
4. đ° The SEC initially sought a $2 billion penalty, but Torres significantly reduced the amount.
5. đ Ripple framed the judgment as a win, but the SEC also saw it as a success, with the fine far exceeding Ripple's hoped-for $10 million.
6. â While an appeal by the SEC on the remedies seems unlikely, the agency might challenge the July 2023 ruling on secondary XRP sales.
7. đ XRP saw a 20% price surge within 24 hours, becoming one of the most traded cryptocurrencies globally, especially in South
Korea.
#SEC #XRP #SECvsXRP #XRPPredictions #XRPVictory
Ripple (XRP) Signs Key Deal in the Middle East
Rippleâs CEO stated that their new partnership with the DIFC Innovation Hub will help boost blockchain technology in the region. Ripple is teaming up with the Dubai International Financial Center (DIFC) to support blockchain and crypto innovation in the UAE, particularly for early-stage companies and scale-ups.
30X Profit Expected from AIG Token: AI Games has launched its native token (AIG). 1 AIG Token Price Is $0.01 & Exchange Listing Price $0.30, Donât miss this opportunity; join the pre-sale at the official website (PlayAiGames.Online)
This collaboration is a major milestone for the DIFC, strengthening its position as a global hub for talent and technology.
Ripple Partners with DIFC to Boost Blockchain Adoption in the Middle East
Ripple is set to enhance its global presence through a partnership with the Dubai International Financial Center (DIFC). The DIFC, a special economic zone in Dubai, serves as a financial hub for businesses across the Middle East, Africa, and South Asia. Regulated by the Dubai Financial Services Authority, the DIFC offers a 50-year guarantee of zero taxes on corporate income and profits.
The collaboration aims to increase crypto adoption among early-stage companies and scale-ups and to introduce blockchain technology benefits to entities within the DIFC. Rippleâs CEO, Brad Garlinghouse, praised the UAE for its regulatory clarity and described it as one of the most advanced jurisdictions for offering crypto services.
30X Profit Expected from AIG Token: AI Games has launched its native token (AIG). 1 AIG Token Price Is $0.01 & Exchange Listing Price $0.30, Donât miss this opportunity; join the pre-sale at the official website (PlayAiGames.Online)
Garlinghouse highlighted that the partnership with the DIFC Innovation Hub will promote blockchain technology in the region, with the XRP Ledger (XRPL) continuing to lead as a blockchain for start-ups and scale-ups. In 2021, Ripple launched a $1 billion XRP fund to support XRPL development and global use cases, funding over 160 teams in 47 countries.
Arif Amiri, CEO of the DIFC, called the deal with Ripple a significant milestone, reinforcing DIFCâs role as a leading global hub for talent, tech, and innovation. Rippleâs Middle East and Africa (MEA) regional office is based within the DIFC, and less than a year ago, the zone approved XRP for use by licensed crypto firms.
Reece Merric, Rippleâs Managing Director for the MEA region, believes that the UAEâs progressive fintech approach, combined with Rippleâs XRP fund, will create a fertile ground for innovation. He noted that the new collaboration will empower regional talent to develop next-generation financial solutions on the XRP Ledger, further establishing the UAE as a leading global fintech hub.
30X Profit Expected from AIG Token: AI Games has launched its native token (AIG). 1 AIG Token Price Is $0.01 & Exchange Listing Price $0.30, Donât miss this opportunity; join the pre-sale at the official website (PlayAiGames.Online)
Ripple (XRP) Recovers Amid Market Bounce and Legal News
Rippleâs native token, XRP, along with the broader crypto market, suffered significant losses during the crash on Monday. Despite this, XRP has managed to recover some of those losses and is currently trading near $0.60.
The recovery in XRPâs price is part of a larger market rebound, with the total cryptocurrency market cap regaining over $300 billion since Mondayâs lows. XRP has led the way in these gains, buoyed by recent developments in its legal battle with the SEC. A judge recently ruled that Ripple must pay a $125 million fine, significantly less than the $2 billion originally sought by the SEC.
30X Profit Expected from AIG Token: AI Games has launched its native token (AIG). 1 AIG Token Price Is $0.01 & Exchange Listing Price $0.30, Donât miss this opportunity; join the pre-sale at the official website (PlayAiGames.Online)
Important:Â Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
#XRP #Ripple #SEC #SECvsXRP #XRPVictory $XRP $BTC $SOL
30X Profit Expected from AIG Token: AI Games has launched its native token (AIG). 1 AIG Token Price Is $0.01 & Exchange Listing Price $0.30, Donât miss this opportunity; join the pre-sale at the official website (PlayAiGames.Online)
This collaboration is a major milestone for the DIFC, strengthening its position as a global hub for talent and technology.
Ripple Partners with DIFC to Boost Blockchain Adoption in the Middle East
Ripple is set to enhance its global presence through a partnership with the Dubai International Financial Center (DIFC). The DIFC, a special economic zone in Dubai, serves as a financial hub for businesses across the Middle East, Africa, and South Asia. Regulated by the Dubai Financial Services Authority, the DIFC offers a 50-year guarantee of zero taxes on corporate income and profits.
The collaboration aims to increase crypto adoption among early-stage companies and scale-ups and to introduce blockchain technology benefits to entities within the DIFC. Rippleâs CEO, Brad Garlinghouse, praised the UAE for its regulatory clarity and described it as one of the most advanced jurisdictions for offering crypto services.
30X Profit Expected from AIG Token: AI Games has launched its native token (AIG). 1 AIG Token Price Is $0.01 & Exchange Listing Price $0.30, Donât miss this opportunity; join the pre-sale at the official website (PlayAiGames.Online)
Garlinghouse highlighted that the partnership with the DIFC Innovation Hub will promote blockchain technology in the region, with the XRP Ledger (XRPL) continuing to lead as a blockchain for start-ups and scale-ups. In 2021, Ripple launched a $1 billion XRP fund to support XRPL development and global use cases, funding over 160 teams in 47 countries.
Arif Amiri, CEO of the DIFC, called the deal with Ripple a significant milestone, reinforcing DIFCâs role as a leading global hub for talent, tech, and innovation. Rippleâs Middle East and Africa (MEA) regional office is based within the DIFC, and less than a year ago, the zone approved XRP for use by licensed crypto firms.
Reece Merric, Rippleâs Managing Director for the MEA region, believes that the UAEâs progressive fintech approach, combined with Rippleâs XRP fund, will create a fertile ground for innovation. He noted that the new collaboration will empower regional talent to develop next-generation financial solutions on the XRP Ledger, further establishing the UAE as a leading global fintech hub.
30X Profit Expected from AIG Token: AI Games has launched its native token (AIG). 1 AIG Token Price Is $0.01 & Exchange Listing Price $0.30, Donât miss this opportunity; join the pre-sale at the official website (PlayAiGames.Online)
Ripple (XRP) Recovers Amid Market Bounce and Legal News
Rippleâs native token, XRP, along with the broader crypto market, suffered significant losses during the crash on Monday. Despite this, XRP has managed to recover some of those losses and is currently trading near $0.60.
The recovery in XRPâs price is part of a larger market rebound, with the total cryptocurrency market cap regaining over $300 billion since Mondayâs lows. XRP has led the way in these gains, buoyed by recent developments in its legal battle with the SEC. A judge recently ruled that Ripple must pay a $125 million fine, significantly less than the $2 billion originally sought by the SEC.
30X Profit Expected from AIG Token: AI Games has launched its native token (AIG). 1 AIG Token Price Is $0.01 & Exchange Listing Price $0.30, Donât miss this opportunity; join the pre-sale at the official website (PlayAiGames.Online)
Important:Â Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
#XRP #Ripple #SEC #SECvsXRP #XRPVictory $XRP $BTC $SOL
Ripple Fails to Attract the Bulls: How Long Will the XRP Price Consolidate Within a Narrow Range?
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The crypto markets are gearing up for the launch of the spot Ethereum ETF as the ETH-based tokens are gaining acute strength. Meanwhile, the other tokens are consolidating as the Bitcoin price slashes close to $66,500.
On the other hand, the other tokens are also preparing for a massive upswing while the XRP price remains consolidated within a range. Moreover, the price is failing to attract bulls, which raises the concern that the XRP price is dead.
Considering the trade since the second half of 2022, the price traded along the ascending trend line that acted as a strong support.
#XRP #Ripple #SEC #SECvsXRP #BlackRock
$XRP $ETH $BTC
10X to 30X! Expected Profit from AIG Token: AI Games has launched its native token (AIG). Get AIG Tokens before they are listed on major exchanges. Donât miss this opportunity; join the pre-sale at the official website [ PlayAiGames.Online ]
The crypto markets are gearing up for the launch of the spot Ethereum ETF as the ETH-based tokens are gaining acute strength. Meanwhile, the other tokens are consolidating as the Bitcoin price slashes close to $66,500.
On the other hand, the other tokens are also preparing for a massive upswing while the XRP price remains consolidated within a range. Moreover, the price is failing to attract bulls, which raises the concern that the XRP price is dead.
Considering the trade since the second half of 2022, the price traded along the ascending trend line that acted as a strong support.
#XRP #Ripple #SEC #SECvsXRP #BlackRock
$XRP $ETH $BTC
Ripple (XRP) Signs Key Deal in the Middle East
30X Profit Expected from AIG Token: AI Games has launched its native token (AIG). 1 AIG Token Price Is $0.01 & Exchange Listing Price $0.30, Donât miss this opportunity; join the pre-sale at the official website (PlayAiGames.Online)
Rippleâs CEO stated that their new partnership with the DIFC Innovation Hub will help boost blockchain technology in the region. Ripple is teaming up with the Dubai International Financial Center (DIFC) to support blockchain and crypto innovation in the UAE, particularly for early-stage companies and scale-ups.
This collaboration is a major milestone for the DIFC, strengthening its position as a global hub for talent and technology.
Ripple is set to enhance its global presence through a partnership with the Dubai International Financial Center (DIFC).
The DIFC, a special economic zone in Dubai, serves as a financial hub for businesses across the Middle East, Africa, and South Asia. Regulated by the Dubai Financial Services Authority, the DIFC offers a 50-year guarantee of zero taxes on corporate income and profits.
The collaboration aims to increase crypto adoption among early-stage companies and scale-ups and to
introduce blockchain technology benefits to entities within the DIFC. Rippleâs CEO, Brad Garlinghouse, praised the UAE for its regulatory clarity and described it as one of the most advanced jurisdictions for offering crypto services.
Garlinghouse highlighted that the partnership with the DIFC Innovation Hub will promote blockchain technology in the region, with the XRP Ledger (XRPL) continuing to lead as a blockchain for start-ups and scale-ups. In 2021, Ripple launched a $1 billion XRP fund to support XRPL development and global use cases, funding over 160 teams in 47 countries.
#Ripple #XRP #SECvsXRP #XRPVictory #TONonBinance $XRP $TON $BTC
30X Profit Expected from AIG Token: AI Games has launched its native token (AIG). 1 AIG Token Price Is $0.01 & Exchange Listing Price $0.30, Donât miss this opportunity; join the pre-sale at the official website (PlayAiGames.Online)
Rippleâs CEO stated that their new partnership with the DIFC Innovation Hub will help boost blockchain technology in the region. Ripple is teaming up with the Dubai International Financial Center (DIFC) to support blockchain and crypto innovation in the UAE, particularly for early-stage companies and scale-ups.
This collaboration is a major milestone for the DIFC, strengthening its position as a global hub for talent and technology.
Ripple is set to enhance its global presence through a partnership with the Dubai International Financial Center (DIFC).
The DIFC, a special economic zone in Dubai, serves as a financial hub for businesses across the Middle East, Africa, and South Asia. Regulated by the Dubai Financial Services Authority, the DIFC offers a 50-year guarantee of zero taxes on corporate income and profits.
The collaboration aims to increase crypto adoption among early-stage companies and scale-ups and to
introduce blockchain technology benefits to entities within the DIFC. Rippleâs CEO, Brad Garlinghouse, praised the UAE for its regulatory clarity and described it as one of the most advanced jurisdictions for offering crypto services.
Garlinghouse highlighted that the partnership with the DIFC Innovation Hub will promote blockchain technology in the region, with the XRP Ledger (XRPL) continuing to lead as a blockchain for start-ups and scale-ups. In 2021, Ripple launched a $1 billion XRP fund to support XRPL development and global use cases, funding over 160 teams in 47 countries.
#Ripple #XRP #SECvsXRP #XRPVictory #TONonBinance $XRP $TON $BTC
