Ripple CTO Asks SEC If Ethereum Sales on Exchanges Are Securities

Ripple Labs Inc. CTO David Schwartz has posed a thought-provoking question to the United States Securities and Exchange Commission (SEC) over the security status of Ethereum (ETH).

Timeline of Ethereum, Xrp

In a move to dispel rumors and speculations surrounding his recent Ethereum (ETH) transfers, Vitalik Buterin, the renowned founder of the Ethereum blockchain, took to social media to address the growing concerns of the crypto community.

When news broke out about Loom joining hands with Atlassian, the excitement was palpable. A collaboration with such a major player in the team collaboration software space was a major boon for Loom.

Cryptocurrency analyst Kyren, better known on Twitter (now X) as NoBScrypto conducted an analysis of the potential impact of cryptocurrencies like Ripple's XRP and XLM on international bank transfers.

A recent analysis of the XRP/USDT pair on the Binance exchange gives investors a glimpse into potential market dynamics. With the chart displaying interesting patterns, it is crucial to dissect key elements to forecast potential future movements.

While the expectations mount of the final conclusion to the legal standoff between the United States Securities and Exchange Commission (SEC) and Ripple, the cryptocurrency community has criticized the regulator's argument in the case against crypto exchange Coinbase, which seems to refer to the ruling in the Ripple case.

Cardano founder Charles Hoskinson recently fired back at allegations surrounding the ETHGate scandal. For those out of the loop, this scandal purports that members of the Ethereum community allegedly bribed U.S. regulatory officials.

Ryan Sean Adams, one of the most vocal advocates for Ethereum, playfully opined that Ethereum's value dropping below the price of McDonald's would serve as the "ultimate bottom signal."

The crypto world has been buzzing with events, and among them is the Ripple Labs Inc. lawsuit with the US Securities and Exchange Commission (SEC). Ripple is the parent company behind XRP, and the asset has seen impressive sentiments as it got an inclusion in Hong Kong's top Index.

WallStreetBulls, a financial blog covering crypto and stock market news, reports that several top 5 global banks are now using XRP via Volante, a prominent global provider of cloud payment and financial messaging solutions. This development is seen as a noteworthy update for the XRP community and the crypto industry.

Ethereum's (ETH) value has experienced another decline this week, dropping to $1,557. This represents a 5% decline over the course of a week that has generally seen negative trends in the cryptocurrency market.