The US Is About to Go ALL IN on Ripple XRP & Crypto | Major News Update

Started by addifuchsia, Dec 14, 2024, 05:40 AM

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petele

The news headline you saw likely refers to several significant, recent developments in the US regarding Ripple's XRP and the broader crypto space, suggesting a shift towards greater legitimacy and integration.

Key recent developments that align with this sentiment include:

Resolution of the SEC vs. Ripple Lawsuit (or near-resolution/key partial rulings):

The multi-year lawsuit brought by the U.S. Securities and Exchange Commission (SEC) against Ripple Labs, alleging that XRP was an unregistered security, has seen significant developments, including key court rulings that XRP itself is not a security when sold on exchanges (programmatic sales), though it was deemed a security when sold directly to institutional investors.

This legal clarity is considered a major win for Ripple and the crypto industry, removing a significant regulatory cloud over XRP. The SEC eventually agreed to a settlement, dropped appeals, or charges against the executives were dismissed, finalizing this phase.

US Political and Regulatory Environment Change:

There is increasing talk of a shift in the U.S. political landscape toward being more crypto-friendly. Some politicians have promised to make the U.S. the "crypto capital of the planet," which is seen as a sign of less hostile regulation.

Ripple's CEO, Brad Garlinghouse, has expressed confidence that the US is moving past a hostile regulatory climate for crypto.

Institutional Adoption and XRP-Specific Moves:

Potential Spot XRP ETFs: Following the approval of spot Bitcoin ETFs, there is growing speculation and filings for spot XRP Exchange-Traded Funds (ETFs), which would open the door for massive institutional investment. News of SEC decision dates for these filings is closely watched.

Ripple's Strategic Moves: Ripple has been making major corporate moves, such as reportedly raising funds (or planning to raise $1 billion) for an XRP Digital Asset Treasury and pursuing a U.S. banking charter to integrate its services with the traditional financial system (like the FedWire/FedNow systems).

These actions—especially the legal clarity, political shift, and pursuit of a banking charter/ETFs—are interpreted by many in the community as the US "going all in" on integrating XRP and digital assets into its financial system.

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