XRP Lawyer: ‘Crypto Ban' News To Intensify Amid Bank Crisis

After offering to assemble like minded people fighting legally against the U.S. Securities and Exchange Commission, XRP lawyer John Deaton is warning of yet another regulatory concern for the crypto market. He said the ongoing bank crisis news could trigger regulators to come out stronger in calling for a crypto ban.

Timeline of Xrp

A recent exchange between Senator Elizabeth Warren and Susan Friedman, counsel at Ripple International Policy, showcased their differing views on the U.S. government's response to the crypto industry. Senator Warren criticized the government for prioritizing billion-dollar crypto firms over struggling student loan borrowers, while Friedman argued that the government's actions were not solely focused on the crypto industry.

FinTech firm Ripple has revealed that it has strategically invested in the Blockchain Founders Fund (BFF). BFF, based in Singapore, is an early-stage venture capital fund that concentrates on top-tier global Web3 startups and is supported by key industry leaders, investors, and family offices.

If Ripple wins against the US Securities and Exchange Commission (SEC) in its legal battle, a relisting of the XRP token on the largest American crypto exchange Coinbase will be one of the biggest stories within the XRP community.

While the Bitcoin price soared beyond $26,000, the XRP price attempted to rise beyond $0.4 but failed. The rejection not only led the price to drop more than 8% but also rolled out a descending trend that may drag the price close to the lower support.

Ninety percent of Ripple's business, according to Rahul Advani, director of policy for the APAC region, is conducted outside of the United States, with a sizable chunk taking place in the Asia-Pacific region, which includes South Korea.

The United States Federal Reserve (Fed) will launch the FedNow service in July 2023, according to an announcement on March 15. FedNow Launching In July FedNow is a service that allows banks to transfer funds speedily across the broader financial system in the country.

While the US Securities and Exchange Commission's (SEC) case against Ripple Labs continues to await a ruling by the judge in charge of the Southern District Court of New York, the fintech company may have received a winning argument from the judge in the Voyager case.

XRP News: U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler has launched multiple enforcement actions over digital asset related firms over the past few months. In his latest comments, Gensler suggested that Proof-of-stake (PoS) tokens need to be regulated as securities.

XRP Price Prediction: Despite multiple events in the past two months, which caused massive price swings in the majority of major cryptocurrencies, the XRP shows a restricted movement within two downsloping trendlines. Though these falling trendlines reveal the formation of a falling wedge pattern, the XRP price wavering with short-body or long-wick rejection candles indicates The post XRP Price Prediction: Here's When XRP Coin May Trigger A Sustained Recovery Rally appeared first on CoinGape.

The price of Ripple (XRP) is falling as it is currently flashing bearish signals. While the price of Bitcoin has significantly increased over the past few days, the price of Ripple has been stagnant, with no direction, and is currently trading in a tight range.