Power-With-In Newsletter
Posts
USA Exchanges Relist $XRP After Court Ruling vs SEC

USA Exchanges Relist $XRP After Court Ruling vs SEC

Bitcoin Spot ETF Set to launch this month

Power With-In
July 14, 2023

Europe First Spot Bitcoin ETF set to Launch this month

The first Bitcoin Exchange-Traded Fund (ETF) is set to launch in Europe this month. This development comes amidst a surge in applications for Bitcoin ETFs from major asset managers such as BlackRock. The ETFs are expected to provide a more accessible way for investors to gain exposure to Bitcoin without having to hold the cryptocurrency directly. However, some analysts, including those from Bank of America, caution that the approval of Bitcoin ETFs could lead to a significant drop in the stock of crypto exchanges like Coinbase.

Coinbase, Kraken Among Exchanges Relist $XRP After Court Ruling vs. SEC

Major cryptocurrency exchanges Coinbase and Kraken have reportedly relisted XRP, the digital asset associated with Ripple Labs, following a court ruling against the U.S. Securities and Exchange Commission (SEC). This suggests a significant legal victory for Ripple, which has been embroiled in a lawsuit with the SEC over whether XRP is a security. The relisting could potentially increase liquidity and trading volume for XRP.

ConsenSys Lawyer: Ripple Ruling Seriously Undermines SEC Enforcement Strategy, Expected to Appeal Immediately

The recent ruling in favor of Ripple Labs has significantly undermined the SEC's enforcement strategy. The court ruled that Ripple did not violate U.S. securities law by selling XRP tokens, leading to a surge in XRP's value. This decision has implications for other crypto firms facing similar lawsuits, including Coinbase, which is now more confident about its case against the SEC. The ruling has also impacted the SEC's attempts to regulate cryptocurrencies, as it establishes that XRP is not a security or a tradable financial asset. However, an appeal from the SEC is expected immediately.

We are thrilled to introduce you to the extraordinary capabilities of artificial intelligence powered technology and showing how it's reshaping the landscape of the world as we know it.