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The US House Financial Service Committee prepares to bring regulatory clarity and a stablecoin bill. This could also see US SEC and CFTC having separate control of the crypto market. Moreover, Judges in different cases including Binance, Coinbase, Terraform Labs, and others will announce major decisions in July. advertisement Ripple continues its global outreach despite the SEC lawsuit. Last week, Ripple Markets APAC Pte Ltd received in-principle approval of the Major Payments Institution license from Singapore’s central bank Monetary Authority of Singapore (MAS). In addition, institutional investors are again buying XRP as ETFs recorded the first week of inflow after many weeks of outflows. The renewed interest amid Bitcoin ETF filing and TradFi entering crypto industry have led to an increase in sentiment among traders. Also Read: Binance Withdraws License From Another European Country, Focus In UAE Recommended Articles ...

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...