CandleFocus Is XRP Finally Recognized as a Currency, Wall Street Analyst Weighs In
2024-09-17
Author: Content Editor
The crypto community is discussing whether XRP is finally being recognized as a currency. Wall Street analyst Linda Jones highlighted that XRP was considered a currency and not a security even before the SEC lawsuit against Ripple Labs. This was supported by the U.S. Financial Crimes Enforcement Network (FinCEN) classifying XRP as a "virtual currency" in 2015. Although there is speculation about a potential appeal of the 2023 ruling, the SEC has stated that it does not seek to appeal the decision that XRP is not a security. Ripple's Chief Legal Officer has also affirmed that an SEC appeal would not change XRP's non-security status. Many in the crypto community believe the chances of the SEC winning an appeal are low.
Related News
Trial of Celsius founder Alex Mashinsky begins Bitcoin ETF Inflows on the Decline Bitcoin’s ‘local market structure’ could push BTC price to new all-time high — Analysts Jamie Dimon says JPMorgan Chase is 'probably one of the bigger users of blockchain' XRP on the Verge of Breakout: Bullish Signals Point to Major Price Surge US gov’t cites Caroline Ellison’s ‘extraordinary cooperation’ before sentencing Circle is launching USDC on Sui, marking its 15th network integration SEC charges NanoBit and CoinW6 in alleged 'relationship investment scams' using social media In letter to Gensler, Republicans urge SEC to clarify how it treats crypto airdrops DePIN Tech Shows Promise, But Implementation Faces Several Hurdles, Moody's Says Baby DogeCoin Announces Partnership with Sundog Tron Network: This Indicator Signals Good Days For Investors Metafide CEO on Trump’s New DeFi Project, the Evolution of the Crypto Industry, and Bitcoin’s Role in the Financial System BlockFi’s bankruptcy proceedings ‘golden standard’ compared to FTX: Lawyers Will Bitcoin’s Rally Continue? How Will Tomorrow’s Interest Rate Decision Affect BTC? Eigen brings programmatic incentives for additional EIGEN rewards 19.5 Billion Cardano in 24 Hours, What's Happening? Binance Listing Drama Triggers 45% Crash in Neiro Ethereum Price USDT Reaches $1 Billion Authorized Issuance on TON Bitcoin rallies to $61K, but derivatives traders are still skeptical — Here is why Pundi X Integrates ioPay Wallet, Enhancing Multi-Chain Crypto Management XRP Dominates Top 10 With Unmatched 7-Day Growth Key Battleground State Pennsylvania Hosts Day Five of the America Loves Crypto Tour Gamma Unveils First Unified Platform for Bitcoin L1 and Stacks L2 NFT Collectors Crypto Prime Broker BlockFills Enhances Data Offerings with NCFX Deal REGULATING BITCOIN AND CRYPTO IN NIGERIA: CROSSROADS BETWEEN CAPITAL CONTROL AND FINANCIAL FREEDOM Popcat (POPCAT) Could Hit $1, Here’s Why A16z is placing a bet on Solana gaming Dogecoin Price Eyes $1.4 as 1.93M Transactions Signal Renewed Network Activity Some pro-crypto Trumpers suggest he ‘lost their votes’ after token launch Avalanche Price Soars: Will $50 Become a Reality in Upcoming Rally? Terra Luna Classic Community Passes Key Proposal, LUNC To $0.0003? Will the FED Really Cut by 50 Basis Points? Standard Chartered Shares Its Expectation Brian Armstrong, ETF Experts Shoot Down 'Paper Bitcoin' Rumors SEC Charges 3 Individuals, 5 Companies With Operating Pig Butchering Scams BNB Price on Track to Stay Above $500 Restaking will spark the next big rush of money into crypto Bitcoin Moves Sideways But Remains Stable Above $58,000 Award-winning crypto influencer deletes X account after bot accusations Fantom (FTM) Poised for 50% Price Surge, Key Levels to Watch Who is behind World Liberty Financial, Trump’s new crypto? Will Ether’s Supply Crunch Lead to Higher Prices in Q4? Dragonfly wants to raise $500 million for its fourth fund: report Bitcoin price jumps to a three-week high Expert Says When Bitcoin Hits $315K, It Won’t Matter If You Bought at $56K or $58K—Just Hold 1 BTC Why stocks may send Bitcoin price back to $50K before October Bitcoin exchange depositing addresses at lowest level in years, indicating potential relief in selling pressure: CryptoQuant New Development in FTX Case: Official Statement from the SEC Is Solana following Ethereum? SOL price continues slump vs. Bitcoin Liquid Staking Absorbs 400,000 ETH, Closing in on 14M Mark Animoca Brands, Magic Eden Collaborate on NFT Launchpad Amid Regulatory Uncertainty Wintermute to launch predictions market called OutcomeMarket, beginning with TRUMP and HARRIS tokens Whales Move MATIC and 2 Other Cryptos to Cold Wallet: Rally Ahead? Can Aptos Price Hit $10 Following Stacks Integration of BTC into APT Protocol? Will Israel-Gaza War Influence Bitcoin Rally Ahead of Fed Rate Cut? SC Ventures invests in One Trading for EU crypto perpetual futures Why Solana Price Could Drop 10% Soon Due to this Popular Bearish Signal Fantom (FTM) Surges to 3-Month High, Targets Further Upside First-Ever Satoshi Nakamoto Monument Celebrates 3-Year Anniversary: Details Vitalik tells Ethereum L2s ‘Stage 1 or GTFO’ — Who makes the cut? Bitcoin Hits $461 Billion in Key Indicator, BTC Price Rebound Coming? SHIB Price Prediction for September 17 All Eyes on the Fed: What Rate Cuts Could Mean for Bitcoin IoTeX collaborates with Polygon Labs to integrate with AggLayer for cross-chain DePIN liquidity PayPal and Venmo’s ENS integration likely to boost mainstream crypto adoption MoviePass Continues Crypto Pivot With Sui Team-Up, USDC Integration How 10,000 steps can earn you up to $6.20 a day Ripple co-founder leads $10M raise for decentralized clearing ? Bitcoin Gains 5% to $61K Ahead of Fed, but Order Books Suggest Rally Could Be Capped DOGE Price Prediction for September 17 70% Notcoin (NOT) Price Surge Unlikely Due to These Reasons Bitcoin’s dominance over altcoins grows amid market uncertainty U.S. Treasury Sanctions Cambodian Tycoon With Ties to Pig Butchering Scams CleanSpark acquires two new Bitcoin mining plants in Mississippi Ethereum (ETH) Eyes $2,800 Target as Traders Go All-In This Is Why Solana’s (SOL) Fakeout Could Trigger a 13% Price Drop Circle's USDC in Brazil and Mexico Now Available to Businesses Via Banking System U.S. Republican Lawmakers Say Crypto Legislation Not Yet Off the Table for This Year $652 Million in XRP Triggers Bullish Momentum Celestia (TIA) Eyes $10 Target After Breaking 6-Month Trendline Aleo Unveils Detailed Tokenomics Plan LayerZero Surges over 7% As Bulls Ignite Fresh Rally, A $4.5 Breakout Looms? Which Way Will Bitcoin Move After FED Interest Rate Decision? Analyst Said Situation Is Difficult, Announced Price Prediction! Catizen Price Prediction: $1 Rally At Risk as Airdrop Shift Sparks Transparency Concerns 4 Key Reasons Why Ethereum Price is Pumping Today? How High Can Uniswap Price Reach After 100% UNI Token Unlock? Possible Bitcoin Q4 Fireworks in the Wings As Indicator Comes in Hot, Says Trader That Called 2021 BTC Collapse Dogecoin (DOGE) Holders Could Wait Longer for 36% Increase X Empire Completes NFT Voucher Minting on Telegram Platform XRP Spikes 3% and These Signs Point to a Bullish Breakout? Is $1 On Cards As Fantom (FTM) Bull Cycle Breaks Falling Channel? How can the upcoming FOMC meeting impact on crypto? Whale Scores Big: 228% ROI on $1.37M Baby Doge Investment SuperRare Expands NFT Art Market ‘Hamster Kombat’ Telegram Game Sets Rewards Cutoff Ahead of Airdrop An Altcoin’s Network Experiencing Problems: Coinbase Makes a Statement BREAKING: Statement from the CFTC Chairman Regarding the Cryptocurrency Platforms Popular Recently – They Are Under Investigation Winklevoss Twins' Father Donates $4M Bitcoin to School Teaching Theory That Inspired Satoshi U.S. CFTC Chair Behnam Says Regulator Will Keep Pursuing Kalshi Case Shiba Inu team donates to specialized ALS hospital in Korea on charity tour MoonFi Debuts Cross-Protocol DEX and Multi-Chain Wallet SBF Appeal and Future of FTX: Here's What It Means for Crypto Community Centrifuge and Anemoy partner with Archax to list liquid treasury token Michael Saylor Reacts With “Running Bitcoin” Post As BTC Approaches $60,000 Polymarket Election Bets Volume Approaches $1 Billion The case for AI finding a killer app for crypto Is Bitcoin Poised for a Price Surge? Halving and US Election Could Hold the Key Here are Projected Timelines for Solana to Hit $500 and $1,000 EigenLayer enables restaking on Bitcoin: new incentives Binance Introduces Moonbix Telegram Game for Airdrop & Crypto Earnings OMFIF Survey Respondents Believe Substantial Level of Tokenization is Still Three Years Away Orderly Network Announces AI Bounty Program to Boost the Future of Web3 Trading Bitcoin’s Future in Payments: Overcoming Stablecoin Dominance with Fiatless Fiat Hester Peirce Slams SEC for 'Misguided and Overreaching' Cases in Flyfish Club NFT Dissent Ethereum Price Prediction: Can ETH Price Slingshot To $3k With This? Bitcoin Layer 2 Stacks introduces sBTC to Aptos Network Did Craig Wright file his latest COPA appeal from China? The Graph Soars with 1.95B Monthly Queries: A Year of Explosive Growth & Decentralization BNB, SOL, ADA Price Predictions September 17th Global Legal Compliance of Crypto ATMs: A Comprehensive Overview Waiting for Dogecoin (DOGE) Breakout? Here's When It Can Happen Silk Road Founder Ross Ulbricht Marks Big Milestone 31 Billion DOGE: What Could Happen to Dogecoin's Price? A New Prediction Market Raises $3M in Pre-Seed Round Led by 1confirmation Shiba Inu Lead's New X Location Sparks Speculation, What's Happening? Marathon CEO Breaks Silence on MicroStrategy's Saylor After $1.1 Billion Bitcoin Buy Charts Don’t Lie: Top Pundit Buys a Lot of XRP, Says ‘Never in a Million Years Thought I Would’ Is XRP Finally Recognized as a Currency, Wall Street Analyst Weighs In DBS to launch crypto options and structured notes for institutions Cryptocurrency Prices Today Sept 17: BTC & ETH Struggle To Pump, XRP & FTM Gain 4-6% Blockchain could help UK’s $14.5T payments sector, says trade group Blockchain Sui to add support for native USDC Charles Hoskinon Teases Solana-killer Tech: Will Cardano Price Boom? The price of the crypto Fantom (FTM) grows by 40% in a month BlackRock Has Been Bullish on Crypto for Nearly a Decade Wintermute Buys the Dip: 19M NEIROETH Tokens Added Despite 97% Crash Grayscale Bitcoin ETF surpasses $20B net outflows Police Warn of Bitcoin Scam Threatening to Expose Private Information UNI Token Circulation at 25% Despite Full Unlock XRP Price Restarts Climb: Will Bulls Push It Past $0.60? Bitcoin Exchange Binance Announces It Has Delisted These Altcoin Pairs From Margin Trading! Trader Outlines Potential Price Path for Bitcoin Rallies, Says BTC Bears Are Being Fattened for ‘Massive Pump’ Chainlink teams up with Fireblocks to offer one-stop solution for stablecoin issuance and management Bitcoin Exchange Upbit Temporarily Suspends Deposits and Withdrawals of This Altcoin! Analysts Warned: Bitcoin Price Could Take Unexpected Big Surprise If Interest Rate Cut Happens Experts Call For $0.001 SHIB, But Can Shiba Inu Price Defy This Bearish Pattern? Bitcoin on the Edge: Is a Breakout or Breakdown Next? Analyst Weighs In! Trump talks about DeFi on live X Space, reveals crypto project Russian Central Bank Eyes Digital Currency to Overcome Cross-Border Payment Obstacles UK Finance, Member Banks See Benefits During Experimental Phase of a Tokenization, CBDC Platform No Sell-off Needed? Bitcoin Whales Buy Big While Old Holders Stay Put Manta Coin Launches on Binance Exchange Trump Says US Crypto Startups 'Will Be Living in Hell' If He's Not Elected KyberSwap Integrates the Native Contracts of SKY and USDS from the Sky Ecosystem Ethereum Futures See Lowest Funding Rates of 2024, Indicating Bearish Outlook Ripple Chairman Chris Larsen Moves 50M XRP for the First Time in 11 Years Top Analyst Says 100% Certain XRP to Hit $100: Here’s Why Ripple vs. SEC Ends: Can Individuals Pursue a Class-Action Lawsuit? John Deaton Calls It ‘Challenging’ BTC 3H Chart Signals Bullish Divergence: Crypto Analyst Weighs In XRP Healthcare Endorses Donald Trump, Shuns Ripple Co-Founder's Pick Trump token WLFI confirmed, sales limited to accredited investors and non-US persons Hedera unveils new toolkit for on-chain asset tokenization Trump talks about DeFi on live X Space, reveals crypto project Big-game Bitcoin: MicroStrategy Issues $700 Million Bond to Buy BTC, Bhutan’s Stash Revealed Trump Credits Success of His NFTs for Change of Heart on Bitcoin and Crypto Crypto Trader Turns $16.5K Into $1.8M As This Meme Token Rockets 1000% Circle CEO Predicts U.S. Leadership in Crypto Bitcoin price action ‘tough to call’ after Fed rate decision — Zerocap Donald Trump Launches World Liberty Financial, Team Unveils Token Details Bitcoin Alert: Analyst Predicts New ‘Blood Monday’ With 0.50% Fed Rate Cut Looming Ethereum (ETH) Critical Price Level Reached, XRP Catastrophic Retrace, Will It See $0.40? Is Solana (SOL) $150 Run Officially Over? TRON Will Rank With Bitcoin And ETH In Next 2 Years, Justin Sun Claims Flappy Bird Returns via Telegram Platform Ethereum Foundation Sells 100 ETH for $226,868 DAI Amid Ongoing Sales