XRP is uniquely positioned to benefit more from the Trump SEC and new SEC chair Paul Atkins than nearly every other project in the industry and pending XRP ETF approval.
And Ripple is one of the first and biggest recipients of this new policy. Ripple token XRP is up 300% in the last year, and things are looking insanely bullish for XRP now. I don’t just mean the upcoming SEC settlement, although that is important. XRP is ready to take advantage of these new policies right now. Here are some things they are doing.
Even on Bloomberg now, you have people singing the praises of XRP. People like this Teucrium Fund CEO talking about utility and the many use cases Ripple has. This fund is launching a leveraged XRP ETF. They believe there is so much demand for XRP, especially from institutions, to justify this new fund.
The embedded tweet could not be found…
One of the telling points is when the CEO talks about the professionalism of the team. That’s something we know is lacking industry-wide. And we pay the price for it, too. Another is when he talks about working with the SEC to get this approval and how it would not have been possible with the previous administration.
The SEC lawsuit is closing. It’s now down to just final details and will Ripple pay a fine or not. That fine would be much smaller than the Gensler SEC was asking for. So this, along with smaller fines, if any, and closing the case, is a point in favor of Atkins and the new SEC. It’s not done yet, but it will be soon.
But as the SEC suit is closing down, a new suit just filed by the State of Oregon against Coinbase names over 30 tokens as unregistered securities for sale to Oregon residents. And one of those 30 is XRP. Paul Grewal, Coinbase’s Chief Legal Officer, is a great follow to stay up to date on this since the defendant in the suit is Coinbase and not XRP directly.
As Grewal says, it’s a “kitchen sink” lawsuit meant to include as much as possible and let the judge throw out what they don’t like. Now, is this a reason for alarm for XRP holders? It’s not generally. XRP is not a defendant or thus “guilty” of anything. Yet, many feel as this investor does that the biggest banks, institutions, funds, and governments will not touch XRP until XRP is involved in ZERO lawsuits.
It’s a reasonable position since XRP wants to get into CBDCs and into SWIFT’s business of cross-border money movement on a global scale. So this suit could delay some of the biggest prospects in Ripple’s pipeline from signing. But we will see.
Walrus Protocol has some big advantages with Sui and the Move programming language over other decentralized data providers. The problem as they call it is coordination. It’s making sure if a protocol does 3 things, that those things work seamlessly with each other. Also, the protocol needs to work with other projects in the ecosystem and with the blockchain infrastructure like validators.
Walrus has some new partners, too. Like Claynosaurz and Seal for security and privacy management. The Walrus mainnet and $WAL token launch were a huge success. To stay updated on mainnet activities and other news, make sure to follow the Walrus Protocol’s X account and other socials.
Even with the new Oregon lawsuit, this is the best thing that has been for XRP in years. If you are long already, you should stay with it. And if you’ve been waiting to buy, thinking the lawsuits will keep the price down artificially, that time is coming to a close.
It’s time to reassess how far XRP can run with the SEC mess behind them.
The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted risk tolerance levels of the writer/reviewers, and their risk tolerance may differ from yours. We are not responsible for any losses you may incur due to any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments, so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.
Vitalik Buterin has outlined Lean Ethereum, a three-to-four-year overhaul focused on simpler verification, cheaper state storage, privacy, quantum resistance and stronger Layer 2 scaling.
ETH
Bitcoin, Ethereum and XRP remain range bound as traders await the August 19 FOMC minutes and White House crypto meeting, with BTC near $63K and XRP defending $1.
BTCETH+1 more
Kalshi faces a major regulatory battle in New York as the CFTC orders it to keep operating amid a lawsuit that could expose the prediction market to more than $36 billion in damages.
We’re excited to partner with @WalrusProtocol! As we expand into gaming and show development, we're accumulating a vast array of 3D assets and digital content that need efficient storage. Walrus' decentralized solution lets us manage these files effortlessly.
Walrus is live — and we’re thrilled to welcome @Claynosaurz as our launch partner 🌋 With Walrus, Claynosaurz will elevate onchain experiences for their vibrant and passionate community. Let the fun begin. Read our blog for more👇 walrus.xyz/blog/claynosau…
