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A Potential Ether ETF Approval The momentum for regulatory clarity gained traction after Bloomberg’s announcement that U.S. Securities regulators are on the brink of greenlighting ETH futures ETFs for trading. Several firms vying to list these exchange-traded funds are awaiting the U.S. Securities and Exchange Commission’s (SEC) nod. This potential green signal, as per Bloomberg, could be imminent. In recent times, Ethereum’s price has demonstrated a level of stability akin to Bitcoin, a trend often foreshadowing upcoming price shifts. advertisement However, the recent market volatility resulted in Ethereum’s price plummeting after breaching the critical $1,800 support zone. As bearish momentum pushed it below the $1,720 and even $1,600 thresholds, the cryptocurrency is now trading at $1,683.96, which is well above the recovery wave marked at the $1,600 level. The coin is down by more than 8% in the last 24 hours. Amid this price turmoil,...

XRP Community Corrects Politician For Calling XRP A Security Pro- XRP lawyer John E. Deaton took to Twitter citing a tweet by Republican Jane Adams, who called XRP a security mentioning only the institutional sales part of Judge Torres’ landmark ruling in the Ripple Vs US SEC lawsuit. advertisement He said someone needs to inform Jane Adams that Bitcoin sold as a security in the Shavers case in 2013 does not make Bitcoin (BTC) a security. Similarly, Ripple leveraging XRP in a securities transaction to institutions doesn’t turn XRP into a security. “All one needs to do is read the plain language of the Torres’ Decision to know the truth: XRP is NOT a security. It’s the circumstances surrounding the sale of the underlying asset that dictates whether an investment contract exists.” Another lawyer Bill Morgan also explained to Jane Adams that sales of XRP to institutions are securities as these are investment contracts in the T...

With support at $0.5 lost once again, investors may brace themselves for potential losses extending to $0.465 and $0.45. advertisement Ripple Selling XRP Doesn’t the Token a Security – John Deaton John Deaton, an attorney who founded CryptoLaw, has put forward different scenarios where Ripple’s sale of XRP does not necessarily categorize the token as a security. Over the weekend, he argued that many investors bought XRP tokens without prior knowledge of Ripple, the company. Deaton revealed that a significant 52% of the extensive pool of over 10,000 investors he engaged with confessed to being unaware of Ripple when they initially acquired XRP . This highlights a substantial portion of the investor base discovering and engaging with the crypto currency without prior awareness of its association with the Ripple network. So what about the ones like myself that invested in #XRP AKA Ripples (the ones in it long enough know what i mean) that absolut...