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<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/sec-classifies-xrp-as-security-in-lawsuit" data-wpel-link="internal" rel="noopener noreferrer nofollow">SEC Classifies XRP as Security in Lawsuit</a><br></p>
<p style="text-align: justify">The U.S. Securities and Exchange Commission (SEC) has moved to categorize digital assets like <a href="https://en.bitcoinhaber.net/bitcoin-falls-ripple-gains-traction" data-wpel-link="internal" rel="noopener noreferrer nofollow">XRP</a> as securities in its ongoing litigation against <a href="https://en.bitcoinhaber.net/ripple-wins-sec-court-case" data-wpel-link="internal" rel="noopener noreferrer nofollow">Ripple</a>. This announcement follows a notable rise in XRP’s value, surpassing one dollar, which has intensified speculation regarding potential resignations within Ripple’s leadership. Market expectations suggest that XRP may soon reach two dollars.</p>
<h2 id="how-does-the-sec-view-digital-assets">How Does the SEC View Digital Assets?</h2>
<p style="text-align: justify">SEC Chairman Gary Gensler recently emphasized that “<a href="https://en.bitcoinhaber.net/bitcoin-etf-decision-looms-as-market-signals-mixed-messages" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin</a> is not a security,” aiming to classify XRP distinctly from Bitcoin, Ether, and stablecoins, branding it instead as a security. Gensler pointed out that the SEC’s focus lies on approximately 10,000 digital assets, excluding Bitcoin, with a total market cap nearing 600 billion dollars.</p>
<h2 id="what-fuels-xrp-s-recent-price-surge">What Fuels XRP’s Recent Price Surge?</h2>
<p style="text-align: justify">XRP’s potential to hit two dollars stems from speculation that Gensler may step down on January 20, coupled with hopes of a resolution to the lawsuit during Trump’s administration. These prospects are believed to favorably impact XRP’s value.</p>
<ul style="text-align: justify">
 <li>Ripple’s CTO reassures shareholders that XRP holders remain protected.</li>
 <li>Legal experts anticipate the possibility of a dismissal or a settlement of 125 million dollars.</li>
 <li>Investor sentiment and supportive policies from Trump are seen as boosts for XRP.</li>
</ul>
<p style="text-align: justify">The ongoing legal battle presents a pivotal moment for the regulation and classification of digital assets, shedding light on possible future trajectories for the cryptocurrency market. As XRP’s price climbed 11% in just 24 hours, optimism within the community remains high, with some analysts predicting new all-time highs could be on the horizon.</p>
<h5><span style="font-weight:bold;font-size:16px">Continue Reading: </span> <a href="https://en.bitcoinhaber.net/sec-classifies-xrp-as-security-in-lawsuit" data-wpel-link="internal" rel="noopener noreferrer nofollow">SEC Classifies XRP as Security in Lawsuit</a></h5>

SEC Classifies XRP as Security in Lawsuit

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