Ripple's Chief Legal Officer Stuart Alderoty criticized votes against the bipartisan CLARITY Act, saying they perpetuate unregulated crypto conditions that bad actors exploit. The Act aims to clarify regulatory boundaries between the SEC and CFTC, classifying many digital assets as commodities to provide legal certainty, especially for XRP and Ripple. This clarity could unlock institutional investment, speed ETF approvals, and enhance consumer protections. Despite political tensions over Trump's crypto holdings, the bill is seen as the best chance for meaningful crypto regulation in the U.S., with lawmakers racing to pass it before the Senate recess.
Data from CryptoQuant shows a historic drop in the activity gap between large XRP holders (whales) and small investors on Binance, reaching its lowest level in two months. Despite XRP's price drop below $1.15, large deposits to Binance have dried up,...
Cryptocurrency markets show a general downward trend with Bitcoin trading around $64,396, down nearly 1%, and Ethereum falling over 2% to about $1,876. Other major coins like Binance Coin and Solana also saw slight declines. Stablecoins remain steady...
Coinbase and Ripple have secured licenses in Luxembourg granting them EU-wide access under the new MiCA regulations, which took effect July 1. This regulatory shift forced Binance and other unlicensed platforms to reduce services, creating an opportu...
XRP's whale-to-retail trading gap on Binance has dropped to 35.1%, the lowest in about two months, indicating whales and retail traders are behaving more similarly on this exchange. However, across other crypto exchanges, the gap remains significantl...
XRP whales accumulated 70 million tokens in one week amid a price rebound above $1.11 and Binance's XRP reserves dropping to their lowest in five months. This buying activity coincides with positive market sentiment and cooling US inflation, which ha...
