Canary

Cryptocurrency

<ul class="wp-block-list">
 <li>XRP is in a judicial battle with the SEC about how to classify digital assets and their regulations.</li>  
 <li>A victory for the SEC might lead many cryptocurrency companies to move their operations outside the U.S.</li>  
 <li>Despite current uncertainties, XRP continues to draw interest from major shareholders and firms looking to invest.</li> 
</ul>  
<p>Brad Garlinghouse forecasts big overhauls in crypto laws after the upcoming U.S. presidential selection. He shared his insights during the Crypto Investor Day. Garlinghouse talked about the current arbitration struggles between Ripple and the U.S. Securities and Exchange Commission This lawful dispute focuses on defining “investment contracts” under the Securities Act. The outcome could greatly affect the <a href="https://cryptonewsland.com/cryptocurrency-losers-today-heres-why-they-are-struggling-to-meet-expectations/" target="_blank" rel="noopener noreferrer nofollow">cryptocurrency </a>industry in the United States.</p>  
<h2 class="wp-block-heading" id="h-ripple-s-legal-hearings-with-the-sec"><strong>Ripple's Legal Hearings with the SEC</strong></h2>  
<p>The firm recently submitted a counterclaim that seeks clarity on whether an investment contract needs to be clearly defined. If the regulatory board wins, many crypto tokens could be classified as safe. This distinction might seriously affect trading platforms like Coinbase. As a result, businesses may need to consider moving outside the U.S. to avoid strict regulations.</p>  
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<p>He pointed out the contradiction in the SEC's endorsement of various offerings while enforcing strict rules. In response, Garlinghouse criticized the SEC for its inconsistent actions. He noted that the agency approved Coinbase’s IPO and Bitcoin ETFs but only after significant pressure. He called the approval reluctant and pointed out the need for clearer regulatory guidelines.</p>  
<h2 class="wp-block-heading" id="h-implications-for-xrp-and-the-cryptocurrency-economy"><strong>Implications for XRP and the Cryptocurrency Economy</strong></h2>  
<p>The company’s Chief Legal Officer, Stuart Alderoty, discussed the broader consequences of the criminal case. He emphasized that the verdict affects more than just XRP’s classification as a risky asset. The courtroom has already ruled that <a href="https://cryptonewsland.com/analyst-warns-of-potential-xrp-dip-below-0-5-as-this-0-03-defi-coin-exhibits-potential-to-surge-to-10/" target="_blank" rel="noopener noreferrer nofollow">XRP </a>and Bitcoin are not securities. Additionally, the SEC is not challenging this ruling. This acknowledgement may lead to clearer regulations in the future.</p>  
<p>The token has faced considerable price changes during these constant, proper obstacles. The token now trades around $0.52 and is down 11% over the past month. On September 29, XRP reached a local high of $0.66, showing its market fluctuations. Despite these challenges, institutional interest in XRP remains strong. Recently, Bitwise and Canary Capital filed for spot XRP ETFs with the SEC, which shows continued investment interest.</p> 
<p>The post <a href="https://cryptonewsland.com/ripple-ceo-expects-wider-changes-in-cryptocurrency-regulations-after-election/" rel="noopener noreferrer nofollow">Ripple CEO Expects Wider Changes in Cryptocurrency Regulations After Election</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

Ripple CEO Expects Wider Changes in Cryptocurrency Regulations After Election

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