In the lawsuit filed by the SEC, it was stated that XRP was a security, and Ripple was selling securities without permission. Bitcoin is the leading cryptocurrency and ETH, the second largest cryptocurrency by total market cap, has previously resolved securities ambiguity. The two cryptocurrencies have been clearly stated by the SEC that they are not securities. XRP, on the other hand, had not previously issued a statement that it was not a security.
Ripple CEO's Spouse Also Sold Millions of XRP
Since 2015, the SEC has found that Ripple's CEO, as well as his wife, have sold large amounts of XRP. It is stated that the CEO and his wife earned more than $ 450 million in XRP sales. In addition to these accusations, the SEC emphasized that Ripple's senior executives are selling XRP at special prices to anyone who wants to buy without any restrictions.
XRP Also Unlisted By Bitwise
Two cryptocurrency exchanges operating in the US and Hong Kong-based OSL removed XRP from the list without waiting for the outcome of the lawsuit. In the statements made, the uncertainty of the XRP situation was emphasized. After the lawsuit decision, those who did not list Ripple in Bitwise joined the caravan and stated that in the event of a possible security decision in the case against XRP, the overall earning rate of the fund could drop sharply.
Risk Of XRP Announced As A Security Is Rising
The SEC stated that XRP has recently been used only for sales and has not been used in real terms. This is seen as a reason that increases the risk of XRP being declared securities. SEC had previously stopped Telegram's sale of GRAM tokens and declared GRAM as a security with the same allegations. SEC's decisions and statements point to a similar end for XRP.
SEC Talks About Ripple's Unlisted With Coinbase
The SEC met with Coinbase, one of America's largest cryptocurrency exchanges, after its trial with Ripple. Emphasizing that Ripple should be taken off the list, the SEC wants Coinbase to end transactions related to XRP, as well as exchanges that have already taken Ripple off the air.
Stablecoin Report from the USA
US financial regulators published a report to prevent money laundering. In the report, the Treasury Department and other institutions stated that they should be used in a way that "effectively manages risk and maintains the stability of the US 'local and international financial and monetary systems." Stablecoins are said to be securities, derivatives or commodities depending on the specific characteristics of a particular asset, according to the statements in the report.
Record Buying Bitcoin in 24 Hours from GrayScale
GrayScale, one of the largest investment funds in the world, received more than 12 thousand Bitcoin in 24 hours on December 22. The company, which has been on the agenda frequently with its record digital money funds, has exceeded $ 13.5 billion in BTC investment products. The shortage of supply and cold wallets created were welcomed very positively in terms of Bitcoin prices.
We support the Turkish sports and our sportspeople via our sponsorships agreements with 1907 Fenerbahçe Wheelchair Basketball Team, Cem Bölükbaşı, Erden Eruç, Emir Tanju and Turkish Automobile Sports Federation! In this very rewarding and helpful journey of ours, we will continue to enrich and strengthen the Turkish sports thanks to the new steps we take in reaching brand new sponsorship agreements.