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Today marks a pivotal moment for Kraken. The SEC staff has agreed in principle to dismiss its lawsuit against Kraken with prejudice, with no admission of wrongdoing, no penalties paid and no changes to our business. The SEC’s decision to dismiss its lawsuit against us (and many others) is more than just a legal victory — it’s a turning point for the future of crypto in the U.S. It ends a wasteful, politically motivated campaign, lifts uncertainty that stifled innovation and investment, and clears the path toward a stable, forward-thinking regulatory regime. We appreciate the new leadership both at the White House and the Commission that led to this change. Their bold and thoughtful leadership will lead to a new era of U.S. crypto innovation. The end of a politically motivated campaign Since our inception, Kraken has operated with integrity and dedication to doing the right thing. The SEC’s lawsuit, which mischaracterized our consistent business model, was always without merit. This dismissal confirms what we’ve said all along : Regulatory actions must be based on facts, not political agendas. This case was never about protecting investors — it and other enforcement actions clouded instead of clarified. It undermined a nascent industry that repeatedly urged clear rules of the road. Instead of engaging in that hard but necessary work, prior leadership at the SEC and throughout the government took a regulation-by-enforcement approach that stifled progress and disadvantaged the U.S. against other countries who fostered innovation through fair and transparent digital asset regulatory regimes. Ready to unleash innovation and investment This dismissal lifts that cloud of uncertainty. It reaffirms that businesses like Kraken, which prioritize compliance and consumer protection, should not be subject to arbitrary legal battles. A stable, predictable regulatory framework will encourage responsible growth, attract investment and ensure the U.S. remains competitive in the global digital asset economy. Strengthening economic opportunity for Americans Crypto is more than just technology — it’s a pathway to financial empowerment. Millions of Americans rely on Kraken to access digital assets and take control of their financial journeys. Regulatory overreach doesn’t just harm businesses; it limits opportunities for everyday people looking for alternative financial tools. Today’s decision is a step toward a more inclusive financial system — one where individuals, not government overreach, shape their own economic futures. By embracing crypto innovation, the U.S. can unlock new avenues for economic prosperity and financial freedom. Charting a path toward clearer regulations While today’s decision is a major victory, it also serves as a call to action for clearer, more forward-thinking regulatory policies . Kraken remains committed to working alongside policymakers and regulators to establish guidelines that protect consumers while fostering technological progress. We are pleased that leadership in Congress and Commissioner Peirce’s Crypto Task Force are taking up this difficult, mandatory work to put in place real, forward-thinking legislation and regulation. These steps will ensure that we never return to regulation by enforcement. On with the mission: Accelerating the adoption of crypto As we close this chapter, Kraken reaffirms its commitment to pioneering a future where innovation and responsible regulation go hand in hand. We will continue to engage with industry stakeholders and regulatory bodies to promote clarity, fairness and progress in digital finance, while continuing to protect the right to freedom and privacy on behalf of our clients. Our journey is far from over. The path ahead is one of continued innovation, strategic collaboration and unwavering dedication to building a more inclusive financial future. These materials are for general information purposes only and are not investment advice or a recommendation or solicitation to buy, sell, stake or hold any cryptoasset or to engage in any specific trading strategy. Kraken does not and will not work to increase or decrease the price of any particular cryptoasset it makes available. Some crypto products and markets are regulated and others are unregulated; regardless, Kraken may or may not be required to be registered or otherwise authorised to provide specific products and services in each market, and you may not be protected by government compensation and/or regulatory protection schemes. The unpredictable nature of the cryptoasset markets can lead to loss of funds. Tax may be payable on any return and/or on any increase in the value of your cryptoassets and you should seek independent advice on your taxation position. Geographic restrictions may apply. See Legal Disclosures for each jurisdiction here . The post A win for fairness appeared first on Kraken Blog .
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Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of BitMaden. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.
Ripple Makes The Strategic Crypto Reserve; What This Means And Why
Summary President Trump`s announcement of a Strategic Crypto Reserve, including XRP, has ignited a significant rally in the crypto market, with Ripple surging over 20%. XRP`s unique features—fast transactions, low fees, and energy efficiency—make it attractive to financial institutions and central banks, enhancing its adoption. Despite its centralization, XRP`s fixed supply and deflationary nature, combined with its recent legal victory against the SEC, bolster its investment appeal. Technical analysis suggests XRP could rally to $4.6, driven by positive sentiment and increased institutional and governmental adoption. Thesis Summary The crypto world is ablaze with excitement following President Donald J Trump’s announcement that a Strategic Crypto Reserve will indeed be implemented. What might have come as a surprise to many, however, is the fact that this crypto reserve will also include Ethereum USD (ETH-USD), Solana USD (SOL-USD), Cardano USD (ADA-USD) and Ripple USD (XRP-USD). These coins are exploding on the news, with Ripple up over 20% in the last 24 hours. In this article, I’m going to delve into the specifics behind Ripple, what sets it apart from other cryptocurrencies and why I believe the price could still double from here. Bitcoin, Ethereum, Ripple, and Solana Make The Team One day, Trump derails the global economy with talks of tariffs, and the next he ignites a furious crypto rally after he announces a Strategic Crypto Reserve. But what does this mean exactly? At its core, this means that The U.S. will be holding, and therefore buying crypto assets, specifically the ones mentioned above. But what has prompted this announcement? And why is Trump also including these other altcoins in the mix? The answer could be glaringly obvious. Crypto rank by market cap (Coinmarketcap) These are arguably the four top coins by market cap, once we discount Tether USD (USDT-USD) and USCoin USD (USDC-USD), which are stablecoins and Binance Coin USD (BNB-USD) which is associated with the Binance exchange. It would have been quite surprising to see the administration endorse this coin given its association with this exchange, which is ultimately a private foreign-owned company. This then leaves us with the five coins mentioned above. But of course, there’s a reason in and of itself why each of these coins has such a large market cap. Ethereum has always been second only to Bitcoin. It’s the largest chain for decentralized applications. Solana, like Ethereum, is home to a lot of DApps, and has gained popularity for its lower fees and higher speed. Meanwhile, Cardano follows a very well-researched and thought-out approach and has recently also undergone some big technical improvements. And then there’s of course Ripple, widely known for its landmark case against the SEC. How Does XRP Work? XRP was founded in 2012 by Ripple Labs with the aim of facilitating cross-border transactions. 100 billion Ripple we pre-mined, and this constitutes a fixed supply that is used up as fees to make transactions. Unlike Bitcoin, XRP is not mined, and it can’t be staked either like Ethereum. The supply is fixed at 100 billion and the token is, in fact, deflationary, as the XRP used in transactions is destroyed. As you may have guessed, this means XRP does not operate like Bitcoin under a Proof-Of-Work mechanism. Instead, it has the Ripple Protocol Consensus Algorithm (RPCA). Let’s break down the inner workings below. RPCA operates as a network of independent nodes, In order for a transaction to be validated 80% of the nodes have to approve it. This transaction then gets recorded in the XRP ledger, a decentralised open-source blockchain that holds a record of all the transactions. It settles transactions in as little as 3.5 seconds with very small fees, making it ideal for high-volume low-cost transactions. What makes XRP special? XRP is fast, has small fees and is energy efficient. These three points are what make it stand out from its competitors. For this reason, it has piqued the interest of large institutions in the financial sector, like banks and even Central Banks. In fact, only a few days ago BoJ decided to integrate XRP into its transaction framework. The BoJ has joined an extensive list of companies that use Ripple. On top of that, Ripple also took on the SEC in the now-famous lawsuit, which it did win. However, the SEC appealed the decision, and this appeal will be reviewed on April 16th which could be a meaningful catalyst. Why Some People Don’t Like XRP Of course, in order to achieve such high speed and security, XRP has had to sacrifice centralization. This is what is known as the crypto trilemma. Crypto trilemma (DBS) XRP is highly centralized, with Ripple Labs controlling a large part of the supply. XRP Supply (Ambcrypto) It’s worth mentioning that a lot of this supply is in escrow, meaning it is locked up. Every month 1 billion XRP is released from escrow to Ripple, which can be used for investment purposes, partnerships, or transactions. The escrow system does help stop the coin from being diluted, but it still leaves a large part of the supply in the hands of one party, which a lot of crypto proponents oppose. XRP; Technical Analysis And Outlook Like with a lot of cryptocurrencies, it’s hard to put a price tag on Ripple. However, the positive sentiment right now combined with its increased adoption suggests we could see higher prices in the near future. XRP TA (Trendspider) Looking at the weekly chart, I’d argue that XRP is forming an impulse from its 2022 lows. The big run-up we saw in 2024 was the wave 3, while the recent sell-off might have marked the bottom of a wave 4. Now, if we measure from the 2021 XRP high to the bottom of the bear market, we can project key Fibonacci levels. As we can see, XRP formed a cluster around the 1.618 ext and broke close to the 2 ext in wave 3. In my opinion, we have room to rally to the 2.618 ext in the next move-up, which would take us all the way to $4.6 Final Thoughts All in all, the recent endorsement of XRP by the administration is a step in the right direction. It’s hard to measure exactly what the effect will be on demand, but with institutions and now the government buying XRP, I think a new high is likely. Kraken Blog
SEC Delays Bitwise 10 Crypto Index Fund Conversion to ETF (BTC, ETH, XRP, SOL, ADA, LTC, LINK, SUI, AVAX, DOT) ????Coin: BTC ( $BTC ) $85,708.80 ETH ( $ETH ) $2,...
SEC Delays Bitwise 10 Crypto Index Fund Conversion to ETF (BTC, ETH, XRP, SOL, ADA, LTC, LINK, SUI, AVAX, DOT) ????Coin: BTC ( $BTC ) $85,708.80 ETH ( $ETH ) Kraken Blog
