While the new leadership period begins in the US Securities and Stock Exchange Commission (SEC), exciting developments around the XRP are experiencing. The crypto currency exchange Bitrue’s latest sharing on the X platform created a great mobility in the Ripple community. The stock exchange implied that an important development is on the way by inviting investors to be careful. Following this message, there was a noticeable increase in XRP price and market movements.
XRP ETF wind blows
One of the biggest factors of the rise in the XRP market was the change in SEC’s attitude towards XRP ETF applications. Last Thursday, the SEC officially adopted Grayscale’s XRP ETF application. This development caused a 12 %increase in the price of XRP, and put the presence among the top ten crypto currencies that best performance. The next day, 21shares’ XRP ETF application was adopted by the SEC and XRP’s weekly earnings reached 17 %. This rapid rise led investors to re -evaluate the possibility of reaching the highest level of all time of XRP’s $ 3. Considering the previous strict attitude of SEC against Altcoin ETFs, this new approach is considered a remarkable change.
Is the Ripple case on the way to solution?
ETF developments brought about speculation that SEC could soon conclude its long -standing case against Ripple. Mark Uyeda, the current vice president of the SEC, is thought to have changed. This new attitude, Ripple case can lead to a compromise.
Ripple made a major transformation in the new period. The company renewed its website and adopted a strategy focusing on the vision of the Internet of Value (Internet of Value). The platform emphasizes stabilcoin solutions such as cross -border payments, crypto asset storage and Ripple USD (Rlusd). However, as a remarkable change, Ripple removed all references about the Central Bank digital currencies (CBDC). While changes in the regulatory environment in the USA, this move is thought to give a positive message to the markets. In addition, Ripple continues its determination to accelerate the adoption of crypto with a $ 600 million investment in the web3 field and over 70 direct investments.
XRP strengthens its global partnerships
Ripple continues to increase adoption on a global scale. One of the most remarkable steps of the company was Portugal’s partnership with the largest foreign exchange exchange. This step is considered as an important development towards increasing the influence of XRP in Europe. In Japan, SBI Remit expanded international money transfer services with SBI Shinsei Bank. The fact that Remit is currently using XRP in cross -border transactions reveals its growing role in the global transfer sector. In addition, Japanese energy company Remixpoint has signed one of the moves that increased institutional interest in XRP. The company has expanded its crypto reserves by acquiring a total of $ 3.9 million XRP with Dogecoin.
