{"id":26361,"date":"2023-07-02T02:11:44","date_gmt":"2023-07-02T05:11:44","guid":{"rendered":"https:\/\/tiproject.online\/index.php\/2023\/07\/02\/xrp-bulls-target-0-50-on-increased-sec-chair-gensler-scrutiny\/"},"modified":"2023-07-02T02:11:44","modified_gmt":"2023-07-02T05:11:44","slug":"xrp-bulls-target-0-50-on-increased-sec-chair-gensler-scrutiny","status":"publish","type":"post","link":"https:\/\/tiproject.online\/index.php\/2023\/07\/02\/xrp-bulls-target-0-50-on-increased-sec-chair-gensler-scrutiny\/","title":{"rendered":"XRP Bulls Target $0.50 on Increased SEC Chair Gensler Scrutiny"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div>\n<h2 id=\"sec-v-ripple-chatter-put-the-sec-war-against-crypto-in-the-spotlight\">SEC v Ripple Chatter Put the SEC War Against Crypto in the Spotlight<\/h2>\n<p>It was a quiet Saturday session, with no Court rulings from the ongoing\u00a0<a href=\"https:\/\/www.fxempire.com\/news\/article\/crypto-investors-bet-on-xrp-while-the-broader-market-struggles-846438\" target=\"_blank\" rel=\"noopener noreferrer\">SEC v Ripple<\/a>\u00a0case to draw interest. The lack of case-related activity left the crypto news wires to influence investor appetite.<\/p>\n<p>Amicus Curiae attorney John Deaton was back in the news on Saturday. Responding to a Wolf of All Streets tweet relating to the newly launched EDX Markets, Deaton had this to <a href=\"https:\/\/twitter.com\/JohnEDeaton1\/status\/1674952196029382656?s=20\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">say<\/a>,<\/p>\n<blockquote>\n<p>\u201cJudge Torres\u2019 decision gets potentially more significant as each day passes. If it\u2019s bad for XRP (notice I said XRP and not Ripple), then status quo with more political momentum to Gensler, Warren, Brad Sherman\u2019s anti-crypto campaign. But if it\u2019s great for XRP, then great news for other tokens.\u201d<\/p>\n<\/blockquote>\n<p>While the outcome of the SEC v Ripple case has far-reaching ramifications, investors remain cautious. The <a href=\"https:\/\/www.fxempire.com\/forecasts\/article\/xrp-bears-eye-a-return-to-0-43-on-sec-v-ripple-stall-1358518\">news<\/a> of Citigroup (<a href=\"https:\/\/www.fxempire.com\/stocks\/c\">C<\/a>) reviewing its custody partnership with Metaco was another example of Wall Street\u2019s anti-crypto stance that SEC Chair Gensler and the US administration support.<\/p>\n<p>However, Financial Services Committee Chair Patrick McHenry provided support on Saturday. Referencing the SEC\u2019s comments relating to the recent <a href=\"https:\/\/www.fxempire.com\/crypto\/bitcoin\">BTC<\/a> ETF <a href=\"https:\/\/www.fxempire.com\/news\/article\/five-things-to-know-in-crypto-this-week-etfs-drive-buyer-appetite-1358508\">filings<\/a>, Chairman McHenry had this to <a href=\"https:\/\/twitter.com\/PatrickMcHenry\/status\/1674876179344392195?s=20\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">say<\/a>,<\/p>\n<blockquote>\n<p>\u201cIf these reports are accurate, Gary Gensler has a lot of explaining to do. An ETF would provide everyday investors with an SEC-regulated product. The only reason for Chair Gensler to oppose is if he wants to kill crypto in the US altogether.\u201d<\/p>\n<\/blockquote>\n<p>US lawmakers have put the SEC Chair back in focus. This week, The Chairman of the House Financial Services Committee, Patrick McHenry (NC-10), the Chairman of the House Judiciary Committee, Jim Jordan (OH-04), and the Chairman of the House Oversight and Accountability Committee, James Comer (KY-01), sent a letter to Securities and Exchange Commission (SEC) Chair Gary Gensler.<\/p>\n<p>The Chairmen identify significant concerns with Chair Gensler\u2019s potential failure to comply with federal record keeping laws while slamming Gensler\u2019s inadequate response to a previous inquiry regarding the matter.<\/p>\n<\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/>[ad_2]<br \/>\n<br \/><a href=\"https:\/\/www.fxempire.com\/forecasts\/article\/xrp-bulls-target-0-50-on-increased-sec-chair-gensler-scrutiny-1358551\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] SEC v Ripple Chatter Put the SEC War Against Crypto in the Spotlight It was a quiet Saturday session, with no Court rulings from the ongoing\u00a0SEC v Ripple\u00a0case to draw interest. The lack of case-related activity left the crypto news wires to influence investor appetite. Amicus Curiae attorney John Deaton was back in the news on Saturday. Responding to a Wolf of All Streets tweet relating to the newly launched EDX Markets, Deaton had this to say, \u201cJudge Torres\u2019 decision gets potentially more significant as each day passes. If it\u2019s bad for XRP (notice I said XRP and not Ripple), then status quo with more political momentum to Gensler, Warren, Brad Sherman\u2019s anti-crypto campaign. But if it\u2019s great for XRP, then great news for other tokens.\u201d While the outcome of the SEC v Ripple case has far-reaching ramifications, investors remain cautious. The news of Citigroup (C) reviewing its custody partnership with Metaco was another example of Wall Street\u2019s anti-crypto stance that SEC Chair Gensler and the US administration support. However, Financial Services Committee Chair Patrick McHenry provided support on Saturday. Referencing the SEC\u2019s comments relating to the recent BTC ETF filings, Chairman McHenry had this to say, \u201cIf these reports are accurate, Gary Gensler has a lot of explaining to do. An ETF would provide everyday investors with an SEC-regulated product. The only reason for Chair Gensler to oppose is if he wants to kill crypto in the US altogether.\u201d US lawmakers have put the SEC Chair back in focus. This week, The Chairman of the House Financial Services Committee, Patrick McHenry (NC-10), the Chairman of the House Judiciary Committee, Jim Jordan (OH-04), and the Chairman of the House Oversight and Accountability Committee, James Comer (KY-01), sent a letter to Securities and Exchange Commission (SEC) Chair Gary Gensler. The Chairmen identify significant concerns with Chair Gensler\u2019s potential failure to comply with federal record keeping laws while slamming Gensler\u2019s inadequate response to a previous inquiry regarding the matter. [ad_2] Source link<\/p>\n","protected":false},"author":1,"featured_media":26204,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[45],"tags":[],"class_list":["post-26361","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-financas"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/posts\/26361","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/comments?post=26361"}],"version-history":[{"count":0,"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/posts\/26361\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/media\/26204"}],"wp:attachment":[{"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/media?parent=26361"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/categories?post=26361"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/tags?post=26361"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}