Coin

<ul class="news-points"> 
 <li>XRP’s price fell below $0.42, a first since March 2023, amid broader crypto market woes.</li> 
 <li>Legal battles between the SEC and Ripple/Coinbase could significantly impact XRP’s future.</li> 
 <li>Conflicting court rulings on similar cases highlight the complex regulatory landscape of crypto.</li> 
</ul> 
XRP, the cryptocurrency embroiled in a high-stakes legal battle with the U.S. Securities and Exchange Commission, tumbled below the $0.42 mark for the first time since March 2023, amid a broader market downturn that sent shockwaves through the crypto world. 
After briefly rallying on Saturday, July 6, XRP experienced a significant decline on Sunday, falling 6.65% to close at $0.4197. This marked the first time since March 2023 that XRP ended a trading session below $0.42. The volatility contributed to an overall weekly loss of 11.72% for the cryptocurrency. 
The SEC’s ongoing legal battles with major crypto players like <a href="https://coinedition.com/no-settlement-in-sight-for-sec-vs-ripple-case-says-john-deaton/">Ripple</a> and Coinbase continue to capture the attention of investors. A ruling in either case could have ripple effects across the market, potentially sparking a surge in XRP’s price if the outcomes favor the crypto industry. 
Investors also reacted to news about Mt. G…
The post <a href="https://coinedition.com/xrp-coinbase-and-the-sec-key-legal-developments-shaping-the-crypto-market/">XRP, Coinbase, and The SEC: Key Legal Developments Shaping the Crypto Market</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

XRP, Coinbase, and The SEC: Key Legal Developments Shaping the Crypto Market

Coin Edition

Alte articole publicate pe 8 iul. 2024

RCO Finance Robo Advisor Save Traders’ Portfolios as Bitcoin (BTC) Loses the $60,000 Support

Algorand and Hedera Tested by Sweden’s Central Bank for Retail CBDC Solutions

German Football Team's Euro Cup Exit Linked to Bitcoin Sale

Bitcoin’s Short-Term Demand Challenges and Price Recovery: Insights and Strategies

SSV Network Touches 1M Staked ETH, Enhancing Cryptoeconomic Security of Ethereum

Cookie3 X BeInCrypto AMA Session

Join our free newsletter for daily crypto updates!