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International Monetary Fund (IMF) Managing Director Kristalina Georgieva has stipulated that central bank digital currencies (CBDCs) have the potential of replacing cash.
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#Solana price trend signals sharp recovery chances to $200 with a breakout rally amid SOL Futures ETFs hype. With Bitcoin at the $86,000 mark, Solana has reclaimed the $130 level. Amid the bullish recovery, Solana has recorded a 6% surge over the past 24 hours. With newfound momentum, the SOL price action hints at a potential breakout rally. Will this surge push SOL prices to the $200 mark? Letâs find out. Solana Price To Break Long-Standing Resistance Trendline In the 4-hour price chart, the overall Solana trend reflects a bearish influence. However, the recent comeback from the $112 swing low is projecting a high chance of a breakout rally. The prevailing downfall has created a bearish expanding channel starting from mid-January. However, the recent bullish recovery in Solana is challenging the overhead trendline close to the $135 mark. With a streak of bullish candles, the ongoing struggle close to the resistance trend line signals a high breakout potential. Furthermore, with the recent recovery, the MACD and signal lines have re-entered positive territory after the recent crossover. This results in a new wave of bullish histograms hinting at supporting the chances of a bullish breakout. Hence, the momentum indicator signals a potential extended rally in the SOL price trend. Will Breakout Rally in SOL Price Hit $200? Based on horizontal levels, the bullish breakout will likely challenge the previous resistance at $188. These levels extend the price targets to $222 and $267. However, based on the pivot levels, the short-term target is the $150 psychological mark, which coincides with the R2 resistance pivot level. On the downside, the crucial support level for Solana remains around the $117 mark, followed by the $100 psychological level, which aligns with the S2 pivot support level. #CryptoNewsFlash
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"BlackRock Backs BitcoinâIs a New Global Currency in the Making?"
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#Cardano founder Charles Hoskinson celebrates the end of the SECâs pursuit of enforcement against Ripple. Under President Donald Trumpâs administration, things have taken a sharp turn for the crypto industry in the United States, with regulatory wins coming hard and fast. In the latest instance, the years-long legal warfare between the Securities and Exchange Commission and Ripple appears to be at an end, at least from the perspective of the regulator pursuing enforcement. The development has sparked celebratory cheers and pats on the back among supporters, including Cardano founder Charles Hoskinson. âA Great Victory for Cryptoâ On Wednesday, March 19, Ripple CEO Brad Garlinghouse declared the SEC case against Ripple over, disclosing that the SEC has decided to drop its appeal. Reacting to the announcement, Cardano founder Charles Hoskinson congratulated the XRP community and declared the development âa great victory for crypto.â A great victory for Crypto and congratulations to XRP Nation. It's time to build again https://t.co/EjBxBatFKF â Charles Hoskinson (@IOHK_Charles) March 19, 2025 The sentiment comes as many see the end of the Ripple case as marking the end of the SECâs so-called war on crypto. First filed in December 2020, the case against Ripple was the first high-profile case in the agencyâs war on crypto and is now perhaps the last to be closed as the regulator amends its position on the industry under the new administration. Over the past few weeks, the agency has walked back on over 10 major crypto enforcement cases, including Coinbase, Consensys, Kraken, OpenSea, and Uniswap. Loose Ends While the SEC looks set to drop its appeal against Ripple, the latter does not appear to have decided on its cross-appeal. Ripple CEO Brad Garlinghouse has suggested that the firm wants to get rid of aspects of the previous ruling in the case. While the court had found that Rippleâs secondary market XRP sales did not qualify as security offerings, it faulted its XRP sales to institutional investors. #CryptoNewss
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Following the SECâs decision to drop its case against #Ripple , the company has revealed its consideration regarding its cross-appeal. Ripple recorded a major victory yesterday after Garlinghouse, the companyâs CEO, declared that the SEC has agreed to drop its appeal. Although the decision still requires the commissionâs approval, it marks the end of a multi-year lawsuit that has negatively impacted the companyâs operations in the U.S. Recall that Ripple also filed a cross-appeal weeks after the SEC challenged Judge Analisa Torresâ decision. While the SEC has agreed to drop its appeal, Ripple has not made a decision on its cross-appeal. Why Rippleâs Cross-Appeal Is Still Pending Speaking in an interview with Bloomberg, Rippleâs CEO provided insight into what is causing the delay. He suggested that the $125 million fine and âother piecesâ of Judge Torresâ decision are major points of contention. It should be recalled that Judge Torres ordered Ripple to pay a $125 million fine for violating federal securities laws and imposed a permanent injunction against the companyâs future sales to institutions. During the interview, Garlinghouse noted that he had âwalked awayâ from the $125 million fine before the SEC appealed and before President Trump appointed several pro-crypto policymakers, such as Paul Atkins and David Sacks. However, under the current pro-crypto SEC leadership, he now has different reasoning. He emphasized that the case should not have been initiated in the first place, noting that the regulator also shared this sentiment. While he acknowledged that the case presented a clear legal victory in establishing that XRP is not a security, he still thinks some aspects of the lawsuitâthe fine and permanent injunctionârequire âclean up.â #Crypto
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The SEC vs. #Ripple legal battle has officially come to an end, as the U.S. SEC drops its appeal. The U.S. Securities and Exchange Commission (SEC) has officially dropped its appeal in its long-running lawsuit against Ripple, marking the end of a four-year legal battle. Ripple CEO Brad Garlinghouse broke the news, calling it a major victory for the company and the entire crypto industry. Ripple CEO Calls It a Long-Overdue Surrender In a broadcast message, Garlinghouse stated that from the very beginning, Ripple believed it was on the right side of both the law and history. He argued that the lawsuit was never about protecting investors but was part of a broader attack on the crypto industry. He described the case as an attempt to intimidate and weaken the industry through legal pressure. According to him, the SECâs actions led to massive financial losses, with the lawsuit wiping out $15 billion in market value. He also accused the agency of trying to manipulate the market rather than seeking justice. Throughout the case, Ripple won several key legal victories. Garlinghouse pointed out that the judge had criticized the SEC multiple times, including rebuking the agency for failing to follow the law. The SEC was also sanctioned for misconduct during the discovery process, further weakening its position. Most importantly, Ripple successfully argued that XRP is not a security, as ruled by Judge Analisa Torres in July 2023. This ruling now sets a legal precedent that could impact future crypto-related cases. What Next? With the SEC dropping its appeal, Ripple is now in control of its next steps. Chief Legal Officer Stuart Alderoty stated that the company will evaluate whether to proceed with its own cross-appeal. The primary issue left unresolved is a $125 million fine and a permanent injunction on Rippleâs institutional sales. #CryptoNewss
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