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<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/ripples-ongoing-sec-battle-and-tether-concerns" rel="noopener noreferrer nofollow">Ripple’s Ongoing SEC Battle and Tether Concerns</a><br></p>
<p style="text-align: justify">Ripple, a major player in the cryptocurrency sector, faces an ongoing legal battle with the U.S. Securities and Exchange Commission (SEC), which started in late 2020 and is unlikely to conclude before 2026. This legal standoff is seen as a critical moment for the crypto industry as SEC lawsuits aim to categorize many cryptocurrencies as securities, potentially impacting their operational freedom and <a href="https://finance.coin-turk.com/" rel="noopener noreferrer nofollow" target="_blank">market</a> dynamics.</p>
<h2 style="text-align: justify" id="recent-comments-from-ripple-s-ceo">Recent Comments from Ripple’s CEO</h2>
<p style="text-align: justify">Brad Garlinghouse, CEO of Ripple, expressed his views on the U.S. government’s increasing scrutiny of cryptocurrencies, particularly stablecoins, in a recent episode of the World Class podcast hosted by Chris Vasquez. He specifically pointed out the potential for government actions against Tether (USDT), citing its significant role within the crypto ecosystem and predicting forthcoming challenges from regulatory bodies.</p>
<h2 style="text-align: justify" id="tether-under-increased-scrutiny">Tether Under Increased Scrutiny?</h2>
<p style="text-align: justify">Tether, the company behind USDT, has had its share of regulatory challenges, having settled previous disputes regarding its reserves. However, new concerns have arisen over its alleged use by terrorist groups and sanctioned individuals. This was highlighted in a testimony by U.S. Deputy Treasury Secretary Adewale Adeyemo before the Senate Banking Committee, where he noted that countries under U.S. sanctions, like Russia, have used Tether to bypass restrictions and fund their activities.</p>
<h2 style="text-align: justify" id="inferences-from-current-events">Inferences from Current Events</h2>
<ul style="text-align: justify">
 <li>The ongoing SEC lawsuit against Ripple could set a regulatory precedent affecting all digital currencies regarded as securities.</li>
 <li>Increased scrutiny of Tether and other stablecoins could lead to stricter regulations or actions that might impact their valuation and utility in the blockchain ecosystem.</li>
 <li>Ripple’s resilience and its legal strategies might provide insights into how large crypto enterprises can navigate future regulatory challenges.</li>
</ul>
<p style="text-align: justify">Despite these legal and regulatory challenges, Tether maintains a dominant position in the market with a circulating supply of about $110 billion, leading in value and achieving substantial profits. Meanwhile, the broader crypto market, including major assets like <a href="https://en.bitcoinhaber.net/bitcoin-climbs-above-45000-analyst-provides-market-insight" rel="noopener noreferrer nofollow">Bitcoin</a>, continues to show resilience against regulatory fears, with Bitcoin’s <a href="https://finance.coin-turk.com/" rel="noopener noreferrer nofollow" target="_blank">price</a> maintaining strong positions in market valuations.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/ripples-ongoing-sec-battle-and-tether-concerns" rel="noopener noreferrer nofollow">Ripple’s Ongoing SEC Battle and Tether Concerns</a></h5>

Ripple’s Ongoing SEC Battle and Tether Concerns

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