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Despite much bullish speculation, the legal battle between the Securities and Exchange Commission (SEC) and Ripple Labs remains, at press time, much like the Korean War: a frozen conflict. Indeed, both the weeks ahead of the Trump inauguration and more recently, many traders, experts, and analysts have been predicting that the watchdog would be quick to drop the most discussed lawsuit in the cryptocurrency industry . The latest speculation even forecasts April as the month in which the fight, started in 2020, would end. Despite this, the latest definitive developments are months old and involve an SEC appeal alleging that the previous court decisions were incorrect and that Ripple did break securities laws. The appeal, however, does not contest the ruling that XRP is not a security, and a lack of direct progress does not mean there have been developments in the regulatory landscape. SEC initiates a case-dropping spree Specifically, following Chair Gary Gensler’s exit, there has been a major shift in the SEC’s disposition. In February, the regulator went on something of a case-dropping spree , abandoning multiple filed lawsuits or announcing that initiated investigations would not lead to enforcement actions. The watchdog also clearly stated that meme coins are not securities and are more akin to collectibles. The beauty of the SEC’s statement on MemeCoins is its simplicity. The question for the SEC is whether something falls under its jurisdiction—not whether it’s legal or illegal. If fraud occurs, other agencies can act. The guidance sticks to law and precedent, avoiding vague… https://t.co/NPf4b1r7wE — Stuart Alderoty (@s_alderoty) February 28, 2025 Some of the most prominent companies that have already benefited from the course change are the cryptocurrency exchanges Coinbase and Kraken and the non-fungible token ( NFT ) marketplace OpenSea. XRP remains volatile, but receives major external boon Elsewhere, Donald Trump’s second administration has not, by press time, proved a positive catalyst for XRP . Despite much volatility, the token remains a mere 2.06% above its January 1 price and is changing hands at $2.17. XRP YTD price chart. Source: Finbold Lastly, despite a lack of a clear regulatory resolution or a strong breakout to new highs, developments regarding cryptocurrency are not lacking. As recently as March 11, Franklin Templeton filed for a spot XRP exchange-traded fund ( ETF ). Featured image via Shutterstock The post Ripple v. SEC case update: March 12, 2025 appeared first on Finbold .
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Cryptocurrency news Regulations news cryptocurrency Ripple Ripple v. SEC SEC XRP
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Layer-1 Altcoin Explodes 81% As Binance Announces Surprise Trading Support
One layer-1 altcoin is surging after a surprise listing by Binance, the world’s largest crypto exchange by trading volume. In a new announcement, Binance says that it is launching futures contracts with up to 75x leverage for Viction ( VIC ), formerly known as TomoChain. As the listing announcement went out, VIC exploded and is currently up 81% in the last 24 hours, trading for $0.36 at time of writing. With a market cap of $42.3 million, VIC is the 694th largest crypto project. Viction aims to create a network of apps on its blockchain by offering zero-gas transactions, enhanced security and improved scalability. The network says it employs 150 masternodes utilizing a Proof-of-Stake (PoS) consensus. “Viction is a people-centric blockchain, offering zero-gas transactions and enhanced security to make Web3 easy and safe for everyone. Now with Viction World Wide Chain, we provide a novel solution representing a network of app chains that operate concurrently, anchored by a common settlement on Viction. Build, own, win, and be part of Viction World Wide Chain where everyone scales beyond limits.” Last year, the project said it surpassed 4,000,000 on-chain addresses and onboarded 150 projects. In November 2023, TomoChain was rebranded as Viction, a combination of “Vision” and “Victory.” Don`t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Follow us on X , Facebook and Telegram Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post Layer-1 Altcoin Explodes 81% As Binance Announces Surprise Trading Support appeared first on The Daily Hodl . Finbold
Join the Colorful Challenge of Shaply and Test Your Brainpower!
Shaply challenges your brain with colorful puzzles. Enjoy simple rules and complex strategies. Continue Reading: Join the Colorful Challenge of Shaply and Test Your Brainpower! The post Join the Colorful Challenge of Shaply and Test Your Brainpower! appeared first on COINTURK NEWS . Finbold
