CC#36 // Great Wins for the Crypto World! XRP Boosts 60+%

Hi Crypto Fans!

This was a great week for cryptocurrency and we’ve highlighted some of these items below! There was also an arrest made which you can read about below:

  1. Ripple wins court ruling over SEC lawsuit resulting in a huge win for Ripple, XRP, and helps it become listed on multiple cryptocurrency exchanges!

  2. CoinMarketCap reported a 68% increase in XRP price after the ruling resulting

  3. Bitcoin hits $31K before dipping back down to about $30K following the Ripple news

Congratulations Ripple:

Ripple has achieved a partial victory in its legal battle against the U.S. Securities and Exchange Commission (SEC). The court ruled that the sale of Ripple's XRP tokens on exchanges and through algorithms did not qualify as investment contracts, but institutional sales of the tokens violated federal securities laws.

The ruling has brought some regulatory clarity for the cryptocurrency industry, but legal experts suggest that it falls short of settling the broader question of how digital assets are classified under U.S. law.

The New Arrest:

Alex Mashinsky, the founder of Celsius Network, has been arrested and charged with defrauding customers and providing false information about his company. Mashinsky allegedly misled customers by presenting Celsius as a safe investment platform when it was actually risky.

The Securities and Exchange Commission (SEC), Commodity Futures Trading Commission (CFTC), and Federal Trade Commission (FTC) have also sued Mashinsky, while charges were filed against Celsius' chief revenue officer, Roni Cohen-Pavon. Mashinsky's arrest follows a trend of increased scrutiny on cryptocurrency executives since the market crash in 2022.

Crypto Moves of the Week:

Curated Fact:

There’s an immersion-cooled, solar powered bitcoin mining farm in Norcross, Georgia!

Curated Memes:

Who do you think you are?

Curated News:

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