What’s Next for Ripple XRP? All You Need to Know!

The SEC has charged Gemini and Genesis for the unregistered offer and sale of crypto asset securities through the Gemini Earned Lending Program. The SEC has been critical of US lending programs for crypto assets, and this action highlights that crypto exchanges are in its crosshairs. In other news, John Deaton, a well-known lawyer in the Ripple vs SEC case, has made some predictions for 2023, including not settling until a decision is made by Judge Torres, an exchange being sued for selling unregistered securities, investigation into Sam Begman’s fraud meetings, and Gensler resigning before the end of the year.

H2: Introduction
With a lot of ongoing developments, we are here again with another update on Ripple XRP and SEC case. There are various interesting points that are coming up, which shows how the market is shaping up for the future.

H2: John Deaton’s Predictions
John Deaton, who is a well-known lawyer in the Ripple versus SEC case, shared some predictions for the year 2023. According to him, the Ripple case will not settle unless Judge Torres makes a decision. An exchange or maybe more than one will be sued for selling unregistered securities. The investigation of Sam Begman Freed’s fraud meetings will uncover more significant issues, and Gary Gensler will resign before the end of the year.

H2: Gemini and Genesis Charged
The SEC charged Gemini and Genesis for selling unregistered securities through the Gemini earned lending program. The earn lending program has been a hot topic at the SEC, as the agency is not in favor of U.S Lending programs of this crypto sort. It took a while for the SEC to go after the parties, which indicates that Genesis might not have been in the best situation.

H2: SEC Lawsuit against Gemini
The major issue that is being worked out currently in the SEC lawsuit against Gemini is whether Hinman’s email should be kept private. This is the most hot topic in the lawsuit right now. The involvement of Gary Gensler in this case is also under scrutiny.

H2: Gary Gensler’s Take on Crypto
According to Gensler, most of the existing cryptos will crash at some point, bearing painful losses to investors. He reckons that most of the 10,000-20,000 tokens available will fail. However, he does not take utility into account, which is the primary reason for microcurrencies being in demand.

H2: SEC’s Role in Crypto Market
The SEC is trying to regulate the crypto market as the agency understands the importance of this emerging market. The agency wants to dismiss everything, as there is a high chance that crypto is going to spiral out of control if harsh measure is not taken.

H2: SEC’s Lawsuit against Gemini is Lame
The public spat between Genesis and Gemini suggests that investors are unable to withdraw their crypto assets. The SEC has been trying to make it clear to the marketplace and the investing public that crypto lending platforms and other intermediaries need to comply with time-tested security laws.

H2: Conclusion
In conclusion, the market is shaping up for the future. The SEC is trying to regulate the crypto market, and the ongoing case between Ripple XRP and SEC is getting complicated. Investors are trying to make the most out of this situation with various predictions made by analysts.

Subscribe
Notify of
0 Comments
Inline Feedbacks
View all comments

Plan Your Millionaire Strategy for Profit Taking Before the Next Bull Run!

In a video about cryptocurrency investing, the presenter emphasises the importance of taking profits and shares his own mistakes from 2021 where he did not take profits and lost out in the bill market....

OPNX Achieves $17M Despite Initial Weakness Due to Limited Liquidity.

OPNX, a bankruptcy claims exchange, has launched a new ERC-20 governance token called OX to incentivize trading of Celsius claims and other cryptocurrencies. The token offers trading fee discounts and...

Discover Hypermine - Your Ticket to Success in the Bear Market on Pulsechain!

HyperMine.club, a dynamic and community-driven ecosystem for the new PulseChain community, will be launched on PulseChain after its launch. Its native token has no pre-allocations and the management team...

Diamond BUSD: The Hot New Crypto Staking That Earns BUSD While You Sleep - Discover Proof and Results! πŸ’° πŸš€

Jim Crypto has posted a follow-up video to his Diamond B USD review, showing the progress made since his last video and discussing the cryptocurrency’s features. He highlights the smart contract’s...

Louvre Palace features 12 unique digital artists from around the world.

Proof of Talk, a Web3 summit, will be held at the Musee des Art Decoratifs in Paris on June 14 and 15, 2023. The summit aims to promote exchange between attendees and feature prominent voices in the Web3...

Attention XRP & Crypto Holders: This is a Must-See!

In this video, the host, Dusty, discusses the recent drama in the crypto world, including a debate between Craig Wright, the Bitcoin founder, and David Swartz, the CTO of Ripple. Dusty also mentions his...

"Could SUI Network Be The Next Game-Changer in the World of Altcoins?"

Suite Network is a new cryptocurrency project that has gained attention online and is currently trading at 1.34. The project is a layer 1 blockchain, meaning it competes with the likes of Bitcoin and Ethereum,...

Unraveling the Mystery: The Exact Number of HBAR to Achieve Millionaire Status!

A video by BitBoy Crypto explores how to become a millionaire through investing in HBAR tokens, which serve the Hedera project, a hashgraph that differs from the typical blockchain. Assuming HBAR will...

Four Cryptocurrencies Prepared to Reach New Record Highs

Four altcoins have been predicted to hit all-time highs in June, despite May being bearish for the cryptocurrency market. TomoChain (TOMO) has the potential to reach its all-time high of $3.60 if the price...

Unbelievable Crypto Hearing: What's Going On Here?!

The US government continues to crack down on the cryptocurrency industry, causing investors to speculate which projects and companies will be targeted next by regulators like the SEC. A recent Congressional...
Load More

Comments

Comments

Coming Soon

Subscribe and be the first to know about the launch

Look at our roadmap

AND FOLLOW
Share
Twitter
Telegram
Facebook
LinkedIn
Reddit
Email

Thanks for subscribing

You will only receive important notifications
For now, follow to our social networks