The EU–U.S. Joint Financial Regulatory Forum took place last week, with participants exchanging views on topics of mutual interest as part of their regular financial regulatory dialogue. The dialogue was hosted by the European Commission and the U.S. Department of the Treasury. During the forum, participants discussed digital finance and crypto assets, focusing on regulatory […]
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The Two-Class System of Regulation Plaguing Europe
In the rapidly evolving landscape of digital finance, the emergence of crypto assets has introduced unprecedented challenges as well as opportunities for regulators who provide proactive frameworks across the globe. The European Union is the largest government body that has done so through the Markets in Crypto-Assets Regulation (MiCAR), however, it finds itself at a […]
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Financial Stability Board Emphasizes Need for Global Crypto Regulation to Prevent Arbitrage
The Financial Stability Board (FSB) Plenary met in Toronto on June 14 to discuss various financial stability issues. Key topics included the financial stability outlook, lessons from the March 2023 banking turmoil, and enhancing the resilience of non-bank financial intermediation (NBFI). The FSB also reviewed progress on implementing its global regulatory framework for crypto asset […]
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Block Earner Co-Founder: Lack of Regulation Limits Australian Crypto Market to Token Sales Only
Regulation through enforcement often yields suboptimal outcomes for all stakeholders, including consumers, as it creates a negative stigma around industry companies,” asserted the co-founder of an Australian crypto startup. The co-founder expressed optimism that the Australian Securities and Investments Commission’s recent court setback would encourage Parliament to establish a regulatory framework for the Aussie crypto […]
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Court Strikes Down SEC’s Private Fund Regulation, Citing Overreach
The U.S. Securities and Exchange Commission (SEC) has lost another court case. On June 5, the 5th U.S. Circuit Court of Appeals overturned the SEC’s Private Fund Adviser rule, which was designed to enhance transparency within the nearly trillion private fund industry. The court found that the SEC had overstepped its statutory limits by […]
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Argentine Officials Met With Salvadoran Regulators to Discuss Bitcoin Adoption and Regulation
Argentine officials of the CNV, the country’s equivalent to the U.S. SEC, and Salvadoran officials of the CNAD, the National Commission for Digital Assets, met on May 23 to discuss bitcoin regulation and adoption issues. This meeting was the second between these two institutions and hints at a possible regulation agreement between the two countries. […]
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Xapo CEO Seamus Rocca Describes Xapos’ Proposition, Talks US Regulation, Emerging Markets, and Stablecoins
Seamus Rocca, CEO of Xapo, had a candid conversation with Bitcoin.com’s COO Jason Sheman, where he shared his accumulated experience and knowledge describing what makes Xapo different from a traditional neobank, talked about U.S. markets and regulations, how emerging markets see crypto, and the necessity of implementing stablecoins in Xapo after Silvergate Banks’ downfall. Xapo […]
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What Is the Howey Test? Understanding Its Role in Crypto Regulation
This year, with the U.S. Securities and Exchange Commission (SEC) increasing enforcement on businesses accused of offering unregistered crypto securities to American investors, regulators, attorneys, and judges have been utilizing the Howey Test to ascertain whether specific crypto assets constitute an “investment contract” and thereby fall under U.S. securities laws. Below is an in-depth exploration […]
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XRP Declares War On Uncertainty: Analyst Predicts Breakout Fueled By Regulation
XRP, a crypto that has faced regulatory challenges, is back in the spotlight with analyst Dark Defender predicting a potential price surge by mid-2024. Defender’s analysis hinges on a confluence of factors, including technical indicators, anticipated regulatory changes, and broader market trends.
Technical Breakout Aligns With Regulatory Shift
Utilizing Fibonacci Time Zones and Elliott Wave Theory, Defender forecasts a significant price increase for XRP before July. This technical prediction coincides with potential regulatory developments that could reshape the cryptocurrency landscape.
1. The House of Representatives passed landmark #crypto legislation yesterday, the #FIT21 Bill.
2. ETFs are loading…
3. #RLUSD was born
4. The lawsuit decision is Soon.Meanwhile;
In accordance with our Elliott Waves, Fibonacci Time Zones says we must commence the… pic.twitter.com/yQFk8NxWIW
— Dark Defender (@DefendDark) May 23, 2024
The recent passage of the FIT21 Bill by the US House of Representatives is seen as a significant step towards establishing clearer regulations for digital assets. This could create a more welcoming environment for cryptocurrencies like XRP, potentially leading to wider adoption and increased investor confidence.
Investors Embrace Crypto, But Newcomer Shakes Things Up
The cryptocurrency market is witnessing a growing appetite from institutional investors, with Exchange Traded Funds (ETFs) increasingly incorporating digital assets into their offerings.
This trend signifies growing recognition of the long-term potential of cryptocurrencies and could provide a significant boost to XRP’s value. The inclusion of cryptocurrencies in ETFs validates their legitimacy and opens the door for a wider pool of institutional capital to flow into the crypto space.
Legal Battle Looms Large, Verdict Could Impact XRP’s Trajectory
Perhaps the most significant factor influencing XRP’s future lies in the ongoing legal battle surrounding its regulatory status. A verdict, expected any day now, could have a profound impact on the currency’s trajectory.
A favorable outcome could eliminate a major hurdle for XRP, paving the way for wider acceptance and market growth. Conversely, an unfavorable verdict could create new regulatory roadblocks, hindering XRP’s progress.
The legal battle casts a long shadow over XRP’s future. Investors should be mindful of this uncertainty, but they should also consider the positive technical indicators and the changing regulatory landscape. The coming months will be crucial for XRP, and the outcome of the lawsuit could very well define its role in the evolving cryptocurrency ecosystem.
Featured image from Pexels, chart from TradingViw
Indian Finance Minister: Crypto Regulation Needs Global Consensus
Indian Finance Minister Nirmala Sitharaman advocates for global consensus on cryptocurrency regulation, highlighting the need for international cooperation, particularly within the G20. She noted that while Indian regulators have differing opinions regarding how to treat crypto, there is currently no significant confusion. Indian Finance Minister on Crypto Regulation Indian Finance Minister Nirmala Sitharaman stressed the […]
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