Category: AI

Artificial intelligence, or AI for short, is a type of technological advancement that aims to work like the human brain, autonomously completing functions. As a computer science, artificial intelligence technology has been a developing field of study since the 1950s. As for its use cases, AI examples include voice recognition services, self-driving cars, chatbots and more. Machine learning falls under the umbrella of artificial intelligence, representing AI that can make adjustments on its own. What’s the latest in AI? Cryptoonaut covers the latest AI news and trends as it explores topics related to the future of money. Readers can find artificial intelligence news on the latest artificial intelligence technologies, the future of AI and more under Cryptoonaut’s artificial intelligence tag.

Ripple Joins Forces With the IRC to Help Crisis-Affected People (Details)

RipplepartneredwiththeInternationalRescueCommittee(IRC)tosupporthumanitarianefforts. Thecollaborationaimstoimprovecashreliefprogramsandfundtransfers.Italsoexploreshowthecompany’supcomingstablecoin(RLUSD)canenhanceaiddeliveryinregionswithlimitedbankingaccess. Ripple’s$1MillionMulti-YearCommitment Ripplerecentlycollaboratedwiththeglobalhumanitarianorganization–theInternationalRescueCommittee(IRC).Theprimarygoalofthepartnershipwillbefocusedonhelpingpeopleaffectedbycrisis“tosurvive,recover,andrebuildtheirlives.” Moreover,theentitieswillexplorehowRipple’scross-borderpaymentsolutionandupcomingstablecoin(calledRLUSD)canbeemployedinthecause. Thecompanywillfundtheeffortwitha$1millionmulti-yearcommitment.“Thisfundingunderscorestheirjointexplorationofblockchaintechnology,includingRipple’sglobalpaymentsnetworkandopen-sourcedsolutionsbuiltonXRPLedger,intwokeyareas:cashreliefprogramsandcross-borderfundtransfers,”theannouncementreads. SpeakingonthematterwasEricvanMiltenburg,SVPofStrategicInitiativesatRipple,whosaidthedealwiththeIRCmarksan“importantmilestone”forthefirmtoleverageblockchaintechnologyforpositiveglobalimpact. “WelookforwardtolearningfromtheIRC’sdeepexperienceindeliveringaidontheground,whichwillhelpRipplesupporthumanitarianeffortsatscale.BycombiningourfullsuiteofpaymentsolutionswiththeIRC’sexpertise,weaimtohelpvulnerablecommunitiesaccesscriticalresourcesquickly,securely,andatscale,”headded. DavidMiliband,PresidentandCEOoftheInternationalRescueCommittee,alsochippedin.Hesaidthehumanitarianorganizationisopentoexploringinnovativesolutionsthatcouldhelpcommunitiesinneed. “We’reexcitedtopartnerwithRipple,atrustedleaderinblockchainpayments,toexplorehowtheirtechnology,likestablecoins,canenhancethespeedandefficiencyofcash-relief,particularlyinregionswithlimitedaccesstotraditionalbankinginfrastructureintimesofcrisis,”hesaid. RippleandMercyCops Thisisnotthecompany’sfirstcollaborationwithawell-knownhumanitarianentity.In2020,itannounceda$10millioncontributiontoMercyCops–anorganizationthatoperatesinconflictzones,naturaldisasterareas,andregionsfacingpoverty.Ripple’sfundingaimedto“expandfinancialinclusionandincreaseeconomicempowermentglobally.” Followingthepartnership,MercyCopsstartedsupportingsolutionsthatleveragedigitalfinancialtechnologiestobringpeoplefromemergingmarketsintotheglobaleconomy. “Theexistingfinancialsystemisfragmented,antiquated,andexclusionary–leaving1.7Bpeopleunbankedanddisproportionatelyexcludingwomen. Emergingfintech,crypto,andblockchaintechnologieshavethepotentialtoradicallytransformit,buttherearesubstantialrisksfortheworld’smostvulnerablepeopleiftheirneedsarenottakenintoconsiderationasthesenewtechnologiesaredesignedanddeployed,”ScottOnder,SeniorManagingDirectoratMercyCorpsVentures,saidatthetime. cryptopotato.com

Ex-FTX Engineering Chief Nishad Singh Seeks Exemption from Prison: Report

LawyersforformerFTXheadofengineeringNishadSinghhavereportedlyaskedaNewYorkjudgetosparetheirclientfromdoinganyjailtime. Theattorneyshighlightedhislimitedroleintheeventsleadingtothecollapseofthecryptoexchange,hiscooperationwithinvestigators,andhiscommitmenttoleadingan“exemplarylife”asreasonsforhisdeservingleniency. LawyersCallSingh“UncommonlySelfless” Singh,whoisscheduledforsentencingonOctober30,isamongfourtopexecutiveswhopleadedguiltytoagamutofcriminaloffensesfollowinginvestigationsintotheexchange’smulti-billiondollarfall. AccordingtoaBloombergreport,the27-year-old’slegalrepresentativesfiledasentencingrecommendationmemoonOctober16,askingthecourttogoeasyontheirclient. Aspartoftheirargument,thelawyerscitedSingh’s“extraordinarycircumstances,”pointingtohispersonalhistory,limitedinvolvementintheoffenses,andeffortstorebuildhislifesincetheexchange’sdownfall. “Hisrolewasfarmorelimitedthananyotherdefendant.Hedoesnotminimizehisconduct;hepledguiltytoseriouscrimesattheoutsetofthiscaseandwillregrethisactionsfortherestofhislife.” Further,theydescribedtheengineerasan“uncommonlyselflessindividual,”attachingmorethan100lettersfromfamily,friends,andformerworkmates,attestingtohischaracter.InFebruary2023,Singhpleadedguiltytosixcriminalcharges,includingthreecountsofconspiracytocommitfraud. AchildhoodfriendofFTXfounderSamBankman-Fried(SBF),Singhwrotethecodegivingtheexchange’ssistercompany,AlamedaResearch,preferentialtreatmentontheplatform.HealsohelpedSBFbackdateFTXtransactions,makingthecompanylookfinanciallyhealthierthanitactuallywas. ProsecutorsalsosaidtheBerkeleygraduatewasawareofSBF’stransferofcustomerfundsasthecompanystruggledfollowingthecryptowinterthatrockedtheindustryin2022.Inaddition,hereportedlywithdrewatleast$6millionforhispersonaluse,withthecompanyonthebrinkofbankruptcy. Singhhaspreviouslyapologizedforhisroleintheexchange’simplosionandpromisedtorepayallthemoneyhemadeinthescheme.HewasalsoamongthefirsttocooperatewithinvestigatorswhentheystartedlookingintoBankman-Friedandex-FTXDigitalMarketsco-CEORyanSalame. FormerExecutivesFacingtheMusic SBFiscurrentlyinprison,servinga25-yearsentence,afterbeingfoundguiltyofsevencountsoffraudandconspiracy.Meanwhile,Salame,whofelltochargesofconspiracytomakeunlawfulpoliticalcontributions,startedhisown90-monthprisonsentenceonOctober11. Anotherkeyactorinthedrama,CarolineEllison,willspendtwoyearsinjailbeginningJanuary1,2025.Aspartofherpleadeal,shealsoagreedtoforfeit$11billion. Thelastmemberofthegroup,GaryWang,whopreviouslyservedasFTX’stechnologychief,isscheduledtobesentencedonNovember20andfacesupto75yearsinprisonforhispartinthefraud. cryptopotato.com

FTX Token (FTT) Leads Market Gains, But It Does Not Mean Much

FTXToken(FTT)hasseena14%priceincreaseinthepast24hours,makingitthetopgainerinthemarket.However,thissurgeisprimarilydrivenbyspeculativetradingratherthanaspecificincreaseindemandforFTT. Thealtcoin’stechnicalsetuprevealsthatitmayshedsomeofthesegainsinthenearterm.Hereiswhy. FTXTokenClimbsButNotDueToDemand Whileitspricehasclimbedbydoubledigitsoverthepast24hours,FTT’snegativeChaikinMoneyFlow(CMF)hintsatapotentialpullback.Atpresstime,thisindicator,whichmeasuresanasset’smoneyflowintoandoutofthemarket,isat-0.26,formingabearishdivergencewithitsprice. ThisdivergencebetweenFTT’srisingpriceandnegativeCMFsignalsthattheuptrendisunsustainable,suggestingthattherallyisdrivenbyspeculativetrading,notstrongmarketdemand.Thisscenariooftenprecedesanimpendingreversal.Ifthesellingpressureintensifies,thepricecouldcorrectdownwardoncetheupwardmomentumwanes. FTTCMF.Source:TradingView Furthermore,thesetupofFTT’sParabolicStopandReverse(SAR)indicatorconfirmsthisbearishoutlook.Atpresstime,thedotsofthisindicatorrestaboveFTT’sprice,reflectingtheoverallbearishsentimentthattrailsthealtcoin. TheParabolic(SAR)indicatormeasuresanasset’strendsandidentifiesitspotentialpricereversalpoints.Whenitsdotsarelocatedabovetheprice,itindicatesabearishtrend.Thissuggeststhatthemarketisexperiencingdownwardmomentum,andtradersoftenconsiderthisasignaltosellortakeshortpositions. FTTParabolicStopandReverse.Source:TradingView FTTPricePrediction:ACorrectionIsMoreThanLikely Asspeculativetradingsubsides,FTXToken’spricewilllikelycorrect,potentiallysheddingsomeofitsrecentgains.ItsFibonacciRetracementanalysissuggeststhatthealtcoincoulddroptothesupportlevelof$1.25.Ifthissupportfailstohold,wemayseeafurtherdeclinetowardthe$1mark. FTTPriceAnalysis.Source:TradingView However,thisbearishoutlookcouldbeoverturnedifFTTexperiencesasurgeinnewdemand.Insuchascenario,theassetcouldsustainitsupwardtrajectory,breakingthroughresistanceat$2.93andpossiblyclimbingtoashighas$3.53. beincrypto.com

Shiba Inu (SHIB): Get Ready for Golden Cross, Solana (SOL) on Verge of Failing, Ethereum (ETH) Fights With Major Resistance Level

Asitgetsclosertoformingagoldencross,ShibaInuisexhibitingindicatorsofapossiblebreakout.The50-daymovingaveragecrossingabovethe200-daymovingaverageisabullishpatternthatfrequentlyresultsinasubstantialincreaseinmarketmomentum.SHIBhasbeenrisingsteadilyfromitsrecentlows,andifthegoldencrossoccurs,themarketmightsoonrecover,pavingthewayforaspike. WemightwitnessasharpincreaseinpricemovementifShibaInuisabletoformagoldencross.Goldencrosseshavehistoricallybeenusedtoindicatethestartofalong-termuptrendanddrawadditionalbuyingpressurefromtradersandinvestors.SHIBmaysurpassresistancelevels,with$0.00002000asitsinitialtarget.Intheeventthattraderstakeadvantageofthestrongbullishsignal,thepricemayrisefurthertoward$0.00002500andbeyond. Thiscouldalsohelpreviveinterestinthememecoingiventhemoodofthemarket,whichcouldleadtoasurge.Conversely,asituationexistsinwhichSHIBmissesthegoldencross.ItmaybedifficultforSHIBtobreakhigherifthe50-daymovingaveragelosestractionorifthereisawidermarketdecline. Inthisscenario,thepricemayretreattoimportantsupportlevelsatorbelow$0.00001500,whichwouldresumeconsolidationandhaltanybullishmoves.TraderscanpredictSHIB\'sfuturedirectionbykeepinganeyeonthesepricelevelsandthegeneralstateofthemarketwhileitwaitsforthiscriticalsignal. Solana\'sproblematicstate Basedonitspotentialdouble-toppattern,abearishformationthatsuggestsapotentialreversal,Solanaseemstobeatacriticaljuncture.Whenanassetreachesitspeakpricetwicebutisunabletobreakaboveit,apatternlikethisdevelops.IfSOLlosesmomentum,thedouble-toppatternmightbeproblematic,whichwouldworrytradersandinvestors. Solana\'scriticalsupportiscurrentlyat$141,andthiscouldhaveamajorimpactonhowmuchthestockmovesinthefuture.Abreakupofthedouble-toppatterncouldsignalamoreseveredeclineifSOLdropsbelowthislevel.Thenextsupportinthisscenariowouldbeatornear$130,whereSOLmighttrytofindabottom. Theassetmayenteraprotracteddowntrendiftheselevelsarenotmaintained.Toinvalidatethedouble-topformation,Solanamustbreakthrough$160ontheupside. Whilethepresentpessimisticattitudepersists,Solanamayfinditdifficulttosustainanymeaningfulupswing.Solana\'srobustecosystemandwidespreadadoptionmeanthat,evenwiththecurrentbearishsetup,itstillhasstrongpotentialgoingforward.Usersanddevelopersaredrawntotheprojectbecauseofitscapacitytomanagelargevolumesofdataatrapidspeeds.SOL\'slong-termfundamentalsarestillfavorabledespitetheuncertainshort-termoutlook. Ethereum\'ssubstantialresistance ThepricedirectionofEthereuminthenearfuturemaybedeterminedbythelevelofresistanceitiscurrentlyfacing.AnimportantbarrierpreventingETHfromlaunchingintoamorerobustuptrendisthe100EMA.Ethereumhasstruggledwiththistechnicallevel,andpriceactionhasfrequentlystalledbelowit. ThedifficultyisexacerbatedbyEthereum\'srecentdownwardvolumetrend.Theassetmayfinditevenhardertoovercomeresistanceifthereislowvolume,whichusuallyindicatesalackofbuyinginterest.Becauseofthisdecreasedactivity,ETHismoresusceptibletoapossiblereversalshoulditbeunabletobuildsufficientmomentum.Ethereumwillencounterresistanceinthenearfutureatthe$2,700mark,whichcorrespondstothe100EMA. ItcouldpavethewayforastrongerrallyandpossiblyhigherpricetargetsifETHcanbreakthroughthiszone.Butif$2,700isnotbroken,theremaybemoreconsolidationorevenapullback.Inspiteofthesetemporaryobstacles,Ethereumisstillinanupwarddynamic,indicatingagenerallypositivetrend.Withstrongfundamentalsandongoingnetworkexpansion,theasset\'slong-termprospectsremainfavorable. Ethereummayreturntoarobustuptrendandrestorebullishsentimentifitcanclearthe100EMAandthe$2,700resistance.Thedecreasingvolume,though,isstillanissue.ForEthereumtomaintainmomentumandbreaktheresistancedecisively,theremustbeaspikeinbuyingvolume. u.today

Ripple CEO Unveils Latest on SEC Lawsuit, RLUSD, IPO

RippleCEOBradGarlinghouserecentlydiscussedtheongoingSEClawsuit,theblockchainfirm’snewstablecoinRLUSD,andplansforanIPO.GarlinghouseprovidedkeyinsightsintothefuturedirectionoftheXRPfirm,highlightingkeyaspectsofthecompany’sstrategyamidlegalchallengesandmarketexpansion. RippleCEO’sCrucialInsightsonSECCase,RLUSD Garlinghouseaddressedthelong-runninglegalbattlewiththeU.S.SecuritiesandExchangeCommission(SEC),expressingconfidenceinRipple’spositionintheXRPlawsuit.“We’vebeentransparentfromdayone,andwe’renotbackingdown,”hestatedinaninterviewwithTonyEdward,hostoftheThinkingCryptoPodcast. Hereaffirmedthatthecompanyispreparedforanyoutcome,notingthattheXRPcompanyhadmadeconsiderablestridesdespitethelawsuit.“Regardlessofwhathappens,Ripplewillcontinuetothrive.We’reinnovating,andthat’swhat’simportant,”headded. TheSEClawsuit,filedinDecember2020,allegesthattheblockchainpaymentsfirmviolatedsecuritieslawsbysellingXRPasanunregisteredsecurity.Garlinghouseemphasizedthatthecasehasmajorimplicationsforthecryptoindustry.“It’snotjustaboutRipple,”hesaid.Headded,“Theentireindustryiswatching,andtheoutcomecouldsetaprecedent.” Beyondthelawsuit,GarlinghousediscussedthelaunchofRLUSD,anewstablecoinpeggedtotheU.S.dollar.Thestablecoinisexpectedtoplayacrucialroleintheblockchaincompany’scross-borderpaymentsolutions. RippleCEOBradGarlinghouseTellsAll!RLUSD,XRPETF,SEC,&IPO WATCH▶️https://t.co/7mA2aksVOa Topics:–Visionforthe#RLUSDStablecoin–#StablecoinRegulationsintheUS&EU–#XRPETFfilingsandwillthe#SECBlocktheXRPETFs?–Will#RippleIPOin2025?-…pic.twitter.com/C0wbPNLPPr —TonyEdward(ThinkingCryptoPodcast)(@ThinkingCrypto1)October17,2024 “RLUSDisasignificantstepforus.Itbringsstabilityandtransparencytothetable,somethingourpartnershavebeenaskingfor,”Garlinghouseexplained.HementionedthatRipple’scommitmenttobuildingacompliantandsustainableecosystemremainsunwavering. ALookatIPOPlans HefurtherelaboratedonRipple’sambitionstogopublic,signalinganIPOmightbeonthehorizon.“We’vebeenconsideringitforsometime,butweneedtherighttiming.AnIPOisanaturalprogressionforRippleaswecontinuetoexpand,”Garlinghousesaid.Whilenospecificdatewasprovided,hehintedthatoncethelegalchallengesaresettled,thecompanywouldbeinastrongpositiontomoveforwardwithitspublicoffering. Garlinghousealsotouchedonthefirm’smissiontorevolutionizethefinanciallandscapebyenhancingcross-borderpayments.HereiteratedRipple’sgoaltoprovidefast,cost-effective,andsecuretransactionsforindividualsandbusinessesglobally.“Weareworkingonsolvingreal-worldproblems,andthat’swhatsetsusapart.We’renothereforthehype,”hesaid. Throughouttheinterview,GarlinghouseremainedoptimisticabouttheXRPfirm’sfuture.Heemphasizedthatthecompany’sfocusoninnovation,compliance,andsustainabilitywillcontinuetodriveitssuccess.DespitetheuncertaintiessurroundingtheSEClawsuit,theXRPfirmappearspoisedtosolidifyitsplaceasaleaderinthecryptospace. cryptonewsz.com

Terra Luna Founder Do Kwon's Extradition Countdown Begins!

ThelegalproceedingssurroundingDoKwon,theco-founderofTerraformLabs,arenearingacriticalpoint.AccordingtoreportsfromMontenegrinlocalmedia,theextraditionprocessisinitsfinalstages,withadecisionexpectedbySunday,October19. InsightIntoDoKwon’sExtraditionRuling OnOctober17,BojanBozovic,Montenegro’sMinisterofJustice,confirmedthatthegovernmenthadselectedthedestinationforDoKwon’sextradition.However,hedidnotdisclosewhichcountrywilltakecustodyoftheTerraformLabsco-founder.BoththeUnitedStatesandSouthKoreahaverequestedhisextraditioninconnectionwithcryptofraudcharges. BozovicindicatedthatthefinaldocumentationforKwon’sextraditioncouldbesignedasearlyastheendofthisweek.However,nofurtherdetailswereprovidedonwhichnationKwonwillbesentto. “Onthisissue,asMinisterofJustice,IhavenothingmoretocommentonafterthedecisionoftheSupremeCourt,”Bozovicsaid,accordingtoalocalnewsreport.Hefurtheradded,“Itwouldhavebeeneasierformeifithadn’tbeenlikethisandthecourthaddecidedwhichcountryheshouldbeextraditedto.Ontheotherhand,whenthecourtleavesittoustodecide,Imustactaccordingly.” WhatAllHappenedTillNow? DoKwonhasbeenheldinMontenegrosinceMarch2023afterbeingarrestedinPodgorica.Hewasdetainedwhileattemptingtotravelusingfalsifieddocuments.Followinghisarrest,Kwonwasconvictedofforgerychargesandservedasix-monthprisonsentenceinMontenegro. ThecollapseofTerra’sstablecoinecosystem,whichKwonco-founded,resultedinlossesamountingtobillionsofdollarsforinvestors.ThecrashoccurredinMay2022,wipingoutthevalueoftheTerraUSDandLunatokens.KwonhasbeenthesubjectofmultiplecriminalinvestigationsinSouthKorea,theUnitedStates,andSingapore. InSeptember2023,InterpolissuedarednoticeforKwon,furthercomplicatinghislegalsituation.Henowfacesextraditionrequestsfromseveralcountries.InSouthKorea,authoritieshavefiledfraudchargesagainstKwon,holdinghimresponsiblefortheTerracollapse.TheU.S.hasalsopursuedsimilarcharges,accusinghimofviolatingsecuritieslaws. ThedecisiontoextraditeKwonbecamepossibleafterMontenegro’sSupremeCourtruledinSeptember2023thattheconditionsforhisextraditionwerelegallysound.ThisrulingclearedthewayfortheMinisterofJusticetomakethefinaldecision.Nonetheless,thecourtdidnotspecifywhichcountryKwonshouldbesentto,leavingthedecisiontoMontenegrinauthorities. Kwon’sarrestinMontenegrocameaftermonthsofevadinglawenforcement.HehadallegedlybeenhidinginSerbiabeforeattemptingtoleavetheregion.HiscaptureandsubsequentlegalbattleshavebecomeafocalpointintheongoingfalloutfromTerra’scollapse. Kwon’scasehasdrawnwidespreadattentionduetothescaleofthefinancialdamagecausedbytheimplosionoftheTerraecosystem.InvestorsacrosstheglobewereaffectedwhenTerraUSD,astablecoin,lostitspegtotheU.S.dollar,leadingtoachainreactionthatsentthepriceofLunaplummeting. WhileKwonhasbeendetainedinMontenegro,thepriceofTerraLunaClassic,atokenrelatedtotheoriginalLuna,hasshownsomeupwardmovementsinceJuly.However,thebroadercryptocurrencymarketexperiencedasignificantcrashinearlyAugust,whichimpactedthetoken’sgains. Asofnow,theexactcountrywhereDoKwonwillfaceprosecutionremainsunknown.BothSouthKoreaandtheUnitedStatesarekeentobringhimtotrial,withextraditionexpectedtoproceedshortly. cryptonewsz.com

Why Did SEC Miss Crucial Ripple Appeal Deadline?

TheU.S.SecuritiesandExchangeCommission(SEC)hascomeunderscrutinyformissingakeydeadlineinitsappealagainstRippleLabs.Theagency’slatefilinghasraisedquestionsaboutitsinternaloperationsandapproachtoregulatoryenforcement.Hence,hereareafewreasonsthatcouldbebehindthedelayinfilingtheFormCintheXRPlawsuit. ReasonsWhySECMayHaveMissedRippleAppealDeadline JohnDeaton’slawfirm,throughitslegalnewsplatformCryptoLaw,commentedonX(formerlyTwitter),callingouttheSEC’smisstep.TheypointedtoapatternofbehaviorunderSECChairGaryGensler’sleadership.TheyaccusedtheagencyofconsistentlyfailingtoadheretolegalprotocolsunderGensler’sleadership. “TheSECunderGaryGenslerhasrunafoulofrulesandfailedtoshowfaithfulallegiancetothelawbefore,”saidCryptoLawinitspost.Thefirmalsonotedthatthiswasn’tthefirsttimetheSEChadbeencriticizedforitshandlingofhigh-profilecases,questioningthereasonbehindthemisseddeadline. OneofthemajorfocalpointsintheongoingcaseiswhetherXRP,Ripple’snativecrypto,qualifiesasasecurity.InapivotalrulinginJuly2023,JudgeAnalisaTorresconcludedthatXRPitselfwasnotasecurity,CryptoLawhighlighted. Onceagain@MoonLamboioisquiterightabouthowridiculousthislatefilingis,butrememberthatthe@SECGovunder@GaryGenslerhasrunafoulofrulesandfailedtoshowfaithfulallegiancetothelawbefore.But…WHYdidtheymissthisdeadline?A🧵👇(1/6)https://t.co/enz7O4DqmD —CryptoLaw(@CryptoLawUS)October17,2024 TheSEC,however,didnotindicateanyintentiontoappealthisspecificruling,leadingsometobelievetheagencyisfacinginternalchallenges.TheSECalsofacedembarrassmentwhentheyexpressed“regret”overtheuseoftheterm“cryptoassetsecurities”inothercommunications.Thus,thelegalnewsoutletbelievesthattheFormCfilingwasdelayed. TheyalsonotedthatMagistrateJudgeSarahNetburn,whohasbeeninvolvedinthecase,previouslycriticizedtheSECforitsinconsistentargumentsandlackoftransparency.Shealsoaccusedtheagencyof“hypocrisy”andfailingtoshow“faithfulallegiancetothelaw.” ThiscriticismwasdirectedattheSEC’sattemptstowithholdinternaldocumentsrelatedtoformerSECofficialWilliamHinman,whichwereconsideredrelevanttoRipple’sdefense.Addingtotheinternalstrain,SECEnforcementDirectorGurbirGrewalresignedaroundthesametimethenoticeofappealintheRipplecasewasfiled,fuelingspeculationaboutinternaldisarrayattheregulatorybody. CryptoLawhighlightedthesignificanceofthistiminginitssocialmediacommentary,stating,“AboutanhourbeforetheSECfileditsnoticeofappeal…GurbirGrewalresignedaspartofarecentwaveofresignationsattheagency.” BradGarlinghouse’sReaction ThiscomesafteraspokespersonfortheSECdownplayedconcernsofadelayedfiling.ThesourcetoldOX’sEleanorTerrettthattheappeal“isproceedingnormally,andthedocumentswillbefiledpubliclysoon.”Despitethesereassurances,theSEC’scredibilitycontinuestobechallengedasthecaseprogresses. Meanwhile,RippleCEOBradGarlinghousevoicedhisfrustrationattheSEC’shandlingoftheappeal.InapostonX,Garlinghousecriticizedtheagency’sproceduraldelays.Hesaid,“Proceedingnormallyforanagencythatmakesuptheirownrulesastheygo!” cryptonewsz.com

Ripple CEO Brad Garlinghouse Provides Clarity On RLUSD, XRP ETF, SEC Lawsuit, IPO

Ripple’sCEOBradGarlinghouserecentlycommentedondevelopmentsinthecryptospace,includingtheimminentRLUSDlaunch,theXRPETFs,andwhethertheUSSECwilllikelyblocktheseapplications.TheRippleCEOalsodiscussedcryptoregulationsintheUSandwhatcouldchangedependingonwhogetselectedintheupcomingUSelections. Similarnews(1) Addsimilarnews RippleCEOUnveilsLatestonSECLawsuit,RLUSD,IPO cryptonewsz.com 1h Addsimilarnews Sendusalinktoasimilarnewsstoryonanothersource. Link Whydoweneedit Thecitationrateofanewsitemindicatesitsimportanceandsignificance.Thenumberofmentionsindifferentsourcesallowsyoutolookataneventfromdifferentangles. Pleasehelpusimprovetheapplication.Ifwehavepublishednewsandyouhavefoundasimilaroneinanothersource,sendusalinktoit. Send