Lawyer Bill Morgan suggests XRP already meets the criteria to be classified as a digital commodity under the proposed CLARITY Act, which requires no single entity to own 20% or more of the token and includes governance conditions. More than half of XRP's supply is distributed outside Ripple, potentially qualifying it as a "mature blockchain system" under the bill. This classification would place XRP under CFTC oversight rather than SEC regulation, impacting its legal treatment. Despite a Senate vote delay on the CLARITY Act, the bill is not considered dead, leaving regulatory clarity for XRP still possible.
Bitcoin's price fell marginally by 0.26% to around $64,800, while Ethereum edged up 0.09% to about $1,917, reflecting a cautious market mood. Crypto derivatives volume plunged over 51%, signaling reduced leverage and fewer short-term bets, while stab...
XRP price is steady around $1.04 following a nearly 90% drop in XRP Ledger payment volume from a brief surge of 614.9 million XRP on August 7. This sharp volume spike was likely due to a one-time institutional transfer rather than sustained demand. T...
XRP Ledger's payment volume fell sharply by about 90% following an unusual spike to over 600 million XRP on August 7. This drop reflects a return to normal activity levels rather than a structural decline in network usage. XRP's price remains under p...
Spot Bitcoin ETFs experienced inflows totaling $853.54 million in the past week, marking the best weekly performance since April. BlackRock's IBIT led with $693.5 million, followed by Fidelity's FBTC with $116.5 million. Despite a recent hack causing...
Large XRP holders, known as whales, have purchased over 380 million XRP in a week to maintain the $1 price floor. This move follows a rare monthly buy signal from the Tom DeMark Sequential indicator, which historically predicted major XRP rallies. Th...
