RippleVsSEC
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š„ XRP's Big Moment: Trump, SEC & Market Shifts š„
The crypto world is buzzing as XRP finds itself at the center of two monumental developments: Donald Trumpās unexpected pro-crypto remarks and Rippleās intensifying legal clash with the SEC. š
Trumpās Crypto Nod: A Game-Changer?
In a surprising twist, former President Donald Trump has expressed support for cryptocurrencies. His pro-crypto stance is fueling hopes for regulatory clarity and a potential market boost. Could this be the spark that propels XRP into a new era? š¬
Ripple vs. SEC: The Battle Rages On
Despite Rippleās recent legal wins, the SEC shows no signs of backing down. This ongoing struggle has traders bracing for heightened volatility. š
XRP Price: Whatās Next?
Currently hovering at $2.29 after a 4.58% dip, all eyes are on these key levels:
š Below $2.18? Possible freefall.
š Above $2.50? Bulls may take charge.
The Big Questions:
Will Trumpās influence reshape XRPās future?
Can Ripple withstand the SECās pressure?
With seismic shifts on the horizon, $XRP could be gearing up for a transformative rallyāor a wild ride. Stay alert! ā”
š #CryptoNews š #RippleVsSEC āļø
#MarketCorrection #Over570KLiquidations #BuyTheDipOrWait
(For Support me š
Binance id : 781247502)
( ļø¶ļøæļø¶)_āā©ā®
The crypto world is buzzing as XRP finds itself at the center of two monumental developments: Donald Trumpās unexpected pro-crypto remarks and Rippleās intensifying legal clash with the SEC. š
Trumpās Crypto Nod: A Game-Changer?
In a surprising twist, former President Donald Trump has expressed support for cryptocurrencies. His pro-crypto stance is fueling hopes for regulatory clarity and a potential market boost. Could this be the spark that propels XRP into a new era? š¬
Ripple vs. SEC: The Battle Rages On
Despite Rippleās recent legal wins, the SEC shows no signs of backing down. This ongoing struggle has traders bracing for heightened volatility. š
XRP Price: Whatās Next?
Currently hovering at $2.29 after a 4.58% dip, all eyes are on these key levels:
š Below $2.18? Possible freefall.
š Above $2.50? Bulls may take charge.
The Big Questions:
Will Trumpās influence reshape XRPās future?
Can Ripple withstand the SECās pressure?
With seismic shifts on the horizon, $XRP could be gearing up for a transformative rallyāor a wild ride. Stay alert! ā”
š #CryptoNews š #RippleVsSEC āļø
#MarketCorrection #Over570KLiquidations #BuyTheDipOrWait
(For Support me š
Binance id : 781247502)
( ļø¶ļøæļø¶)_āā©ā®
š„š„ Ripple CEO Brad Garlinghouse Speaks Out on SEC Battle, Crypto Future, and More on 60 Minutes š
š„š„ Ripple CEO Brad Garlinghouse Speaks Out on SEC Battle, Crypto Future, and More on 60 Minutes š
Ripple CEO Brad Garlinghouse made headlines during his December 8, 2024, interview on 60 Minutes, where he shed light on Ripple's intense $150 million legal battle with the U.S. Securities and Exchange Commission (SEC).
Garlinghouse criticized the SECās approach under Chairman Gary Gensler, calling it a driving force behind the creation of FairShake, an industry super PAC formed by Ripple and two other major crypto companies. He described FairShake as a response to what he termed a "war on crypto," emphasizing that the initiative might never have existed if the SEC had adopted a more constructive stance toward the industry.
---
Green Metaverse Token (GMT): Tokenomics and the Impact of Burning 600 Million Tokens
Green Metaverse Token (GMT), the governance token of the STEPN ecosystem, employs a carefully designed tokenomics model that prioritizes deflationary mechanisms to strengthen its value and utility. Letās dive deeper into the implications of burning 600 million GMT tokens.
---
GMT Tokenomics Overview
GMTās total supply of 6 billion tokens is strategically allocated across key categories:
Ecosystem Growth: Funds to expand and enhance the platform.
Team Incentives: Rewards to drive innovation and development.
Public Sales: Enabling wider community participation.
Staking Rewards: Encouraging long-term token holding.
This allocation ensures GMTās sustainability, balancing rewards for early adopters while fostering long-term ecosystem development.
---
The Impact of Burning 600 Million GMT
Token burning, a widely used deflationary tactic, permanently removes tokens from circulation, reducing supply and creating scarcity. Hereās how burning 600 million GMT tokens (10% of the supply) could shape the ecosystem:
1. Scarcity-Driven Value Growth:
A reduced supply often boosts demand, especially as the platform expands and attracts more users. This burn could lead to upward pressure on GMTās market value, rewarding holders and investors.
2. Boosting Stakeholder Confidence:
Burning such a significant portion of the token supply showcases STEPNās commitment to delivering long-term value, fostering trust among investors and users.
3. Strengthened Utility:
With fewer tokens in circulation, the intrinsic utility of GMTāwhether in governance, staking, or ecosystem participationābecomes more valuable, encouraging broader adoption.
This strategic move underscores STEPNās vision of creating a sustainable, user-driven ecosystem and aligns with its long-term goals of community empowerment and token scarcity.
---
A Transformative Period for Ripple and GMT
Both Ripple and STEPN are spearheading critical transformations in their respective spaces. Rippleās ongoing fight with the SEC highlights the broader challenges the crypto industry faces, while STEPNās GMT burn initiative exemplifies innovation in tokenomics.
Whether itās Ripple reshaping crypto regulation or STEPN advancing deflationary mechanisms, the crypto space is witnessing game-changing moves that could define its future.
#CryptoRevolution" #BURNGMT #RippleVsSEC $XRP $GMT MT $PEPE
Ripple CEO Brad Garlinghouse made headlines during his December 8, 2024, interview on 60 Minutes, where he shed light on Ripple's intense $150 million legal battle with the U.S. Securities and Exchange Commission (SEC).
Garlinghouse criticized the SECās approach under Chairman Gary Gensler, calling it a driving force behind the creation of FairShake, an industry super PAC formed by Ripple and two other major crypto companies. He described FairShake as a response to what he termed a "war on crypto," emphasizing that the initiative might never have existed if the SEC had adopted a more constructive stance toward the industry.
---
Green Metaverse Token (GMT): Tokenomics and the Impact of Burning 600 Million Tokens
Green Metaverse Token (GMT), the governance token of the STEPN ecosystem, employs a carefully designed tokenomics model that prioritizes deflationary mechanisms to strengthen its value and utility. Letās dive deeper into the implications of burning 600 million GMT tokens.
---
GMT Tokenomics Overview
GMTās total supply of 6 billion tokens is strategically allocated across key categories:
Ecosystem Growth: Funds to expand and enhance the platform.
Team Incentives: Rewards to drive innovation and development.
Public Sales: Enabling wider community participation.
Staking Rewards: Encouraging long-term token holding.
This allocation ensures GMTās sustainability, balancing rewards for early adopters while fostering long-term ecosystem development.
---
The Impact of Burning 600 Million GMT
Token burning, a widely used deflationary tactic, permanently removes tokens from circulation, reducing supply and creating scarcity. Hereās how burning 600 million GMT tokens (10% of the supply) could shape the ecosystem:
1. Scarcity-Driven Value Growth:
A reduced supply often boosts demand, especially as the platform expands and attracts more users. This burn could lead to upward pressure on GMTās market value, rewarding holders and investors.
2. Boosting Stakeholder Confidence:
Burning such a significant portion of the token supply showcases STEPNās commitment to delivering long-term value, fostering trust among investors and users.
3. Strengthened Utility:
With fewer tokens in circulation, the intrinsic utility of GMTāwhether in governance, staking, or ecosystem participationābecomes more valuable, encouraging broader adoption.
This strategic move underscores STEPNās vision of creating a sustainable, user-driven ecosystem and aligns with its long-term goals of community empowerment and token scarcity.
---
A Transformative Period for Ripple and GMT
Both Ripple and STEPN are spearheading critical transformations in their respective spaces. Rippleās ongoing fight with the SEC highlights the broader challenges the crypto industry faces, while STEPNās GMT burn initiative exemplifies innovation in tokenomics.
Whether itās Ripple reshaping crypto regulation or STEPN advancing deflationary mechanisms, the crypto space is witnessing game-changing moves that could define its future.
#CryptoRevolution" #BURNGMT #RippleVsSEC $XRP $GMT MT $PEPE
U.S. District Court Judge Grants SEC Request for Extension in Ripple Labs Case
Analisa Torres, a United States District Court Judge, has granted a request from the U.S. Securities and Exchange Commission (SEC) for an extension of the deadline to submit materials that could impact its case against #Ripple Labs.
According to court documents filed on March 1, the #SEC has been given additional time to submit its remedies-related discovery materials concerning Ripple. This extension permits the SEC to file its opening brief by March 22. Furthermore, the deadline for Ripple to submit its opposition brief has been pushed to April 22. The SEC will then have until May 6, 2024, to file a reply.
Remedies-related briefing encompasses a document outlining potential legal remedies and actions relevant to the ongoing litigation.
#RippleVsSEC #XRP $XRP
Analisa Torres, a United States District Court Judge, has granted a request from the U.S. Securities and Exchange Commission (SEC) for an extension of the deadline to submit materials that could impact its case against #Ripple Labs.
According to court documents filed on March 1, the #SEC has been given additional time to submit its remedies-related discovery materials concerning Ripple. This extension permits the SEC to file its opening brief by March 22. Furthermore, the deadline for Ripple to submit its opposition brief has been pushed to April 22. The SEC will then have until May 6, 2024, to file a reply.
Remedies-related briefing encompasses a document outlining potential legal remedies and actions relevant to the ongoing litigation.
#RippleVsSEC #XRP $XRP
The SEC is seeking a whopping **$2 billion in fines and penalties** against Ripple Labs, according to Stuart Alderoty, Ripple's chief legal officer. This move comes amidst an ongoing civil case since 2020, where the SEC alleges Ripple raised $1.3 billion through unregistered securities sales of XRP tokens. Ripple plans to respond to the SEC's request in April, criticizing the regulator for allegedly trading in false statements. Ripple CEO Brad Garlinghouse vows to continue exposing the SEC for its actions. Interestingly, a judge recently sanctioned the SEC for acting in "bad faith." Notably, Judge Analisa Torres ruled in July 2023 that XRP is not a security, potentially influencing the SEC's dismissal of charges against Garlinghouse and co-founder Chris Larsen in October 2023. The SEC's actions are part of a broader crackdown on crypto firms in the US, including ongoing lawsuits against major players like Coinbase, Binance, and Kraken. š #CryptoLegalBattle #RippleVsSEC
Ripple regains the upper hand in its lawsuit with the SEC, bringing the infamous "Hinman documents" back into the spotlight!
#xrp #RippleUpdate #RippleRevolution #RippleVsSEC
#xrp #RippleUpdate #RippleRevolution #RippleVsSEC
"Ripple's Legal Rollercoaster: 3 Highlights That Turned the Tide Since July"
Pro-XRP lawyer Bill Morgan highlights three great outcomes recorded since July 2023 after the SEC v. Ripple court decision.Ā
Read more on: https://thecryptobasic.com/2023/11/18/here-are-3-great-outcomes-from-ripple-case-since-july/
#RippleUpdate #RippleLegal #RippleVsSEC #Crypto #CryptoNewsšš°š«
Read more on: https://thecryptobasic.com/2023/11/18/here-are-3-great-outcomes-from-ripple-case-since-july/
#RippleUpdate #RippleLegal #RippleVsSEC #Crypto #CryptoNewsšš°š«
"Ripple CEO Unveils Insider Perspective: Is the SEC Case Truly 'Done and Dusted'?"
https://thecryptobasic.com/2023/11/24/ripple-ceo-reveals-insights-on-whether-sec-case-is-done-and-dusted/
Read more on: https://thecryptobasic.com/2023/11/24/ripple-ceo-reveals-insights-on-whether-sec-case-is-done-and-dusted/
#RippleUpdate #RippleVsSEC #SECCryptoActions #SECImpact #CryptoNewsšš°š«
Read more on: https://thecryptobasic.com/2023/11/24/ripple-ceo-reveals-insights-on-whether-sec-case-is-done-and-dusted/
#RippleUpdate #RippleVsSEC #SECCryptoActions #SECImpact #CryptoNewsšš°š«
U.S. SEC has filed its opening remedies brief in the public docket today, seeking Ripple to pay $2 billion for violations of securities laws.
#RippleVsSEC #RippleUpdateV #Crypto #CryptoNewsšš„V #CryptoNewssCommunity
#RippleVsSEC #RippleUpdateV #Crypto #CryptoNewsšš„V #CryptoNewssCommunity
"SEC Targets $2B from Ripple for Alleged Securities Violations!"
The U.S. Securities and Exchange Commission (SEC) has filed its opening remedies brief in the public docket today, seeking Ripple to pay $2 billion for violations of securities laws.
Read more on: https://thecryptobasic.com/2024/03/26/sec-publicly-files-remedies-brief-seeks-2b-from-ripple-for-securities-law-violations/
#RippleVsSEC #RippleUpdateV #Crypto #CryptoNewsšš„V #CryptoNewssCommunity
Read more on: https://thecryptobasic.com/2024/03/26/sec-publicly-files-remedies-brief-seeks-2b-from-ripple-for-securities-law-violations/
#RippleVsSEC #RippleUpdateV #Crypto #CryptoNewsšš„V #CryptoNewssCommunity
"Ripple CLO Takes Aim at Gensler, Declares SEC's Runway Is Shrinking Fast"
Ripple CLO takes a subtle jab at SEC chair Gary Gensler as hedge fund founder George Jarkesy challenges the commissionās internal administrative proceedings at the Supreme Court.Ā
Read more on: https://thecryptobasic.com/2023/11/28/ripple-clo-slams-gary-gensler-says-runway-is-getting-shorter-for-sec/
#RippleUpdate #RippleVsSEC #SECCryptoActions #SECDispute #CryptoNewsšš°š«
Read more on: https://thecryptobasic.com/2023/11/28/ripple-clo-slams-gary-gensler-says-runway-is-getting-shorter-for-sec/
#RippleUpdate #RippleVsSEC #SECCryptoActions #SECDispute #CryptoNewsšš°š«
"Make or Break Moment in Ripple vs. SEC: Clash Reaches Climax!"
The SEC v. Ripple lawsuit is fast approaching a critical date that could determine the appropriate penalty Ripple would pay for violating U.S. securities laws.
Read more on: https://thecryptobasic.com/2024/03/14/crucial-date-in-ripple-v-sec-lawsuit-approaches/
#RippleVsSEC #RippleUpdate #Crypto #CryptoNewsšš°š« #CryptoNewsUpdate
Read more on: https://thecryptobasic.com/2024/03/14/crucial-date-in-ripple-v-sec-lawsuit-approaches/
#RippleVsSEC #RippleUpdate #Crypto #CryptoNewsšš°š« #CryptoNewsUpdate
"Ripple Insider Drops Bombshell: SEC Faces Judicial Criticism Over Alleged Shady Tactics"
Rippleās chief legal officer (CLO), Stuart Alderoty, has continued to criticize the Securities and Exchange Commission (SEC) and its chair, Gary Gensler.Ā Ā
Read more on: https://thecryptobasic.com/2023/11/16/ripple-clo-says-judges-are-criticizing-sec-for-its-shady-behavior/
#RippleUpdate #RippleVsSEC #SECCryptoActions #CryptoRealism #CryptoNewsšš°š«
Read more on: https://thecryptobasic.com/2023/11/16/ripple-clo-says-judges-are-criticizing-sec-for-its-shady-behavior/
#RippleUpdate #RippleVsSEC #SECCryptoActions #CryptoRealism #CryptoNewsšš°š«
JUST IN šØšØ Rumours In The #XRPcommunity US CONGRESS OFFERS SETTLEMENT TO #RippleVsSEC CEO BRADGARLING HOUSE #XRP TO HIT 329$. I am not a financial advisor please DYOR.
$XRP #RippleUpdate #XRPBreakout
$XRP #RippleUpdate #XRPBreakout
#XRPCommunity #SECGov v. #Ripple #XRP The parties have submitted to Judge Torres a proposed schedule regarding remedies discovery and briefing.
#XRPUpdate #RippleVsSEC
#XRPUpdate #RippleVsSEC
"Ripple Leadership Reacts to SEC's Controversial Approval Statement on Bitcoin Spot ETF"
Ripple executives have reacted to the SECās bogus announcement regarding the approval of all Bitcoin spot exchange-traded fund (ETF) applications.
Read more on: https://thecryptobasic.com/2024/01/10/ripple-execs-react-to-sec-bogus-approval-announcement-of-bitcoin-spot-etf/
#RippleUpdate #RippleVsSEC #cryptocrurrency #CryptoNewsLand #CryptonewswithJack
Read more on: https://thecryptobasic.com/2024/01/10/ripple-execs-react-to-sec-bogus-approval-announcement-of-bitcoin-spot-etf/
#RippleUpdate #RippleVsSEC #cryptocrurrency #CryptoNewsLand #CryptonewswithJack
Ripple SEC Case: Lawyers Clear The Air On Appeals In XRP Lawsuit
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Ripple SEC Case: Lawyers explain why appeals by the US SEC and Ripple are more likely in the XRP lawsuit in the coming months.
Highlights
Judge Analisa Torres issued final judgment in the long-running Ripple vs SEC case.
Lawyers say the SEC and Ripple will look for appeals in the XRP lawsuit ahead.
SEC lawyer Marc Fagel explained the SEC has 60 days to appeal in Ripple SEC case.
Attorney Jeremy Hogan stated that XRP ODL sales will continue despite the injunction.
Ripple SEC Case:Ā After Judge Torres ordered Ripple to pay $125 million in penalties in the remedies phase, debates spurred over the potential appeal by the U.S. Securities and Exchange Commission (SEC). Some reports suggest the government agency will not appeal against the ruling, but lawyers say appeals to previous decisions are more likely, including summary judgment.
Judge Torres Ends Long-Running Ripple SEC Case
The Southern District of New York Court in the final judgment held defendantĀ Ripple LabsĀ liable to pay $125 million instead of $2 billion aimed by the U.S. SEC. However, the regulatorās argument for injunction was granted and the federal judge permanently restrained Ripple from XRP sales to institutional investors and ODL sales without a registration statement.
#XRP #SEC #Ripple #RippleVsSEC #TONonBinance $XRP $BTC $SOL
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Ripple SEC Case: Lawyers explain why appeals by the US SEC and Ripple are more likely in the XRP lawsuit in the coming months.
Highlights
Judge Analisa Torres issued final judgment in the long-running Ripple vs SEC case.
Lawyers say the SEC and Ripple will look for appeals in the XRP lawsuit ahead.
SEC lawyer Marc Fagel explained the SEC has 60 days to appeal in Ripple SEC case.
Attorney Jeremy Hogan stated that XRP ODL sales will continue despite the injunction.
Ripple SEC Case:Ā After Judge Torres ordered Ripple to pay $125 million in penalties in the remedies phase, debates spurred over the potential appeal by the U.S. Securities and Exchange Commission (SEC). Some reports suggest the government agency will not appeal against the ruling, but lawyers say appeals to previous decisions are more likely, including summary judgment.
Judge Torres Ends Long-Running Ripple SEC Case
The Southern District of New York Court in the final judgment held defendantĀ Ripple LabsĀ liable to pay $125 million instead of $2 billion aimed by the U.S. SEC. However, the regulatorās argument for injunction was granted and the federal judge permanently restrained Ripple from XRP sales to institutional investors and ODL sales without a registration statement.
#XRP #SEC #Ripple #RippleVsSEC #TONonBinance $XRP $BTC $SOL
šØ Ripple Vs. SEC Lawsuit: Latest Updates, Trends & Expert Insightsšāļø
As Ripple takes a defiant stance against the SEC's motion to compel, the legal battle continues to shape the future of XRP amidst regulatory milestones and technological advancements.
šš» Let's delve into the latest developments and gain insights from crypto personalities and legal experts.
1. Ripple's Strong Objection: Defying the SEC's Motion
Ripple filed a robust objection challenging the SEC's quest for post-complaint sales information, potentially leading to a court hearing. The crypto community awaits the outcome as Ripple stands its ground in this high-stakes legal saga.
2. Ashley Prosper's Bold Predictions: Judge Netburn's Likely Denial
Crypto personality Ashley Prosper, a staunch XRP advocate, confidently predicts that Judge Netburn will likely deny the SEC's motion. His track record in predicting the nuances of the SEC v. Ripple case adds credibility to his assertion. Prosper suggests the possibility of a hearing preceding any denial, stirring anticipation within the XRP community.
š„ Insights from Ashley Prosper: Private Entities' Influence and Ripple's Legal Standing
Prosper hints at private entities, including JP Morgan, potentially influencing the SEC's decision to sue Ripple.His analysis aligns with a dedicated community, speculating on behind-the-scenes maneuvers shaping the legal battle.
3. Bill Morgan's Legal Perspective: SEC's Lack of Cause and the Howey Test
Legal professional and crypto enthusiast Bill Morgan weighs in on Ripple's stance. Affirming Ripple's contention, Morgan emphasizes the SEC's lack of proper cause for investigating post-complaint sales, which were previously part of the 2021 discovery process. He raises a crucial question: Do post-compliant sales align with the Howey test?
š° Stay Informed, Stay Prepared: Follow The Blockopedia for Real-time Updates! š”š
#RippleTrends #SECApprovalJourney #RippleVsSEC #cryptocurrency #crypto2024
As Ripple takes a defiant stance against the SEC's motion to compel, the legal battle continues to shape the future of XRP amidst regulatory milestones and technological advancements.
šš» Let's delve into the latest developments and gain insights from crypto personalities and legal experts.
1. Ripple's Strong Objection: Defying the SEC's Motion
Ripple filed a robust objection challenging the SEC's quest for post-complaint sales information, potentially leading to a court hearing. The crypto community awaits the outcome as Ripple stands its ground in this high-stakes legal saga.
2. Ashley Prosper's Bold Predictions: Judge Netburn's Likely Denial
Crypto personality Ashley Prosper, a staunch XRP advocate, confidently predicts that Judge Netburn will likely deny the SEC's motion. His track record in predicting the nuances of the SEC v. Ripple case adds credibility to his assertion. Prosper suggests the possibility of a hearing preceding any denial, stirring anticipation within the XRP community.
š„ Insights from Ashley Prosper: Private Entities' Influence and Ripple's Legal Standing
Prosper hints at private entities, including JP Morgan, potentially influencing the SEC's decision to sue Ripple.His analysis aligns with a dedicated community, speculating on behind-the-scenes maneuvers shaping the legal battle.
3. Bill Morgan's Legal Perspective: SEC's Lack of Cause and the Howey Test
Legal professional and crypto enthusiast Bill Morgan weighs in on Ripple's stance. Affirming Ripple's contention, Morgan emphasizes the SEC's lack of proper cause for investigating post-complaint sales, which were previously part of the 2021 discovery process. He raises a crucial question: Do post-compliant sales align with the Howey test?
š° Stay Informed, Stay Prepared: Follow The Blockopedia for Real-time Updates! š”š
#RippleTrends #SECApprovalJourney #RippleVsSEC #cryptocurrency #crypto2024
JUST IN:
Ripple and SEC Agree on New Schedule for XRP Lawsuit.
$XRP
#HotTrends #RippleVsSEC #RippleUpdate
Ripple and SEC Agree on New Schedule for XRP Lawsuit.
$XRP
#HotTrends #RippleVsSEC #RippleUpdate
š Exploring the $7.5 Trillion Daily FX Market with AMM and Liquidity Pools
In a groundbreaking revelation, Ripple is taking strides to delve into the massive $7.5 trillion daily Foreign Exchange (FX) market, paralleling the efforts of the Bank for International Settlements (BIS). The confirmation comes directly from Joe Vollono, Rippleās director for CBDC Business Development, disclosed during an online meeting.
š Project Mariana and the FX Market Evolution:
Project Mariana, spearheaded by the BIS, envisions the evolution of trading and settling FX in a tokenized world. The BIS, in collaboration with the central banks of France, Singapore, and Switzerland, sees the potential for a tokenized financial system to revolutionize the existing $7.5 trillion daily FX market.
š¬ Ripple's Involvement and Vision:
Joe Vollono expressed Ripple's keen interest in Project Mariana, calling it a "fascinating body of work." Ripple is actively exploring avenues within the project, particularly focusing on facilitating cross-border, cross-currency transactions using an Automated Market Maker (AMM). Vollono emphasized the crucial role of liquidity pools in the proposed models.
šļø Project Mariana Proof of Concept Success:
Recently, the BIS reported a successful conclusion of the proof of concept for Project Mariana. The project tested cross-border trading and settlement of wholesale central bank digital currencies (wCBDCs) among financial institutions, utilizing DeFi technology on the public blockchain.
š XRPL AMM:
Notably, the XRP community eagerly awaits the launch of an AMM on the XRP Ledger, pending the consensus of validators through the XLS-30D Amendment. The AMM launch holds the potential to further amplify Ripple's influence in the evolving landscape of decentralized finance.
š Stay Tuned for Ripple's Next Move! Follow The Blockopedia for Real-time Updates!
#RippleUpdate #RippleVsSEC #crypto #cryptocurrency #crypto2023
In a groundbreaking revelation, Ripple is taking strides to delve into the massive $7.5 trillion daily Foreign Exchange (FX) market, paralleling the efforts of the Bank for International Settlements (BIS). The confirmation comes directly from Joe Vollono, Rippleās director for CBDC Business Development, disclosed during an online meeting.
š Project Mariana and the FX Market Evolution:
Project Mariana, spearheaded by the BIS, envisions the evolution of trading and settling FX in a tokenized world. The BIS, in collaboration with the central banks of France, Singapore, and Switzerland, sees the potential for a tokenized financial system to revolutionize the existing $7.5 trillion daily FX market.
š¬ Ripple's Involvement and Vision:
Joe Vollono expressed Ripple's keen interest in Project Mariana, calling it a "fascinating body of work." Ripple is actively exploring avenues within the project, particularly focusing on facilitating cross-border, cross-currency transactions using an Automated Market Maker (AMM). Vollono emphasized the crucial role of liquidity pools in the proposed models.
šļø Project Mariana Proof of Concept Success:
Recently, the BIS reported a successful conclusion of the proof of concept for Project Mariana. The project tested cross-border trading and settlement of wholesale central bank digital currencies (wCBDCs) among financial institutions, utilizing DeFi technology on the public blockchain.
š XRPL AMM:
Notably, the XRP community eagerly awaits the launch of an AMM on the XRP Ledger, pending the consensus of validators through the XLS-30D Amendment. The AMM launch holds the potential to further amplify Ripple's influence in the evolving landscape of decentralized finance.
š Stay Tuned for Ripple's Next Move! Follow The Blockopedia for Real-time Updates!
#RippleUpdate #RippleVsSEC #crypto #cryptocurrency #crypto2023
šØšØ RUMOURS šØšØš„
In The #XRPcommunity That #RippleVsSEC Lawsuit Settlement In Next Few Days. Lawyer Says Ripple Will Pay 140/160 Million Dollars To The SEC š„š
So finally the time for $XRP is coming..
Let's seee..šš
#etf #BinanceSquare
In The #XRPcommunity That #RippleVsSEC Lawsuit Settlement In Next Few Days. Lawyer Says Ripple Will Pay 140/160 Million Dollars To The SEC š„š
So finally the time for $XRP is coming..
Let's seee..šš
#etf #BinanceSquare