XRP News: Ripple Advocates Against SEC Categorization of Staking and Yield Programs as Securities

In a recent development in the cryptocurrency space, Ripple has taken a stance against the potential categorization of staking and yield programs as securities by the Securities and Exchange Commission (SEC). Here’s a closer look at the key details and implications of this advocacy.

Ripple Urges SEC Not to Categorize Staking and Yield Programs as Securities

Ripple has defended crypto staking as a non-security, especially in permissionless protocols. In a recent statement to the Securities and Exchange Commission (SEC), Ripple urged the agency not to categorize staking and yield programs as securities. The company noted that for clarity and consistency, the Commission should confirm that staking and yield-generating arrangements dependent on the programmatic functioning of a public, permissionless network that do not involve a definable issuer or counterparty making investment commitments are not securities. This comes after the SEC recently called for public comments on the security status of crypto assets.

XRP News Today: Legal Win, Price Dip, ETF Hopes Connected?

Ripple Labs has ended its nearly four-year legal battle with the U.S. Securities and Exchange Commission (SEC). Despite the legal win, XRP prices have fallen, currently hovering around $2.40. The market cap sits at $140 billion, with a 24-hour trading volume of $2.7 billion. Some speculate that a possible ETF launch could lead to a rebound.

XRP 2025 Surge Predicted by Crypto Expert

Industry expert Edoardo Farina predicts that XRP may see record prices in 2025 despite its recent slump. As of press time, the digital coin trades at $2.40, marking a 3.5% drop in the last day. However, XRP has outperformed major cryptocurrencies like Bitcoin and Ethereum this year, rising 12% since January despite broader market pressures. Farina, who serves as Head of Social Adoption at XRPHealthcare, remains confident about XRP’s future, stating that higher prices are inevitable in 2025.

Ripple News Today: Possible Insider Trading Ahead of SEC Victory Announcement

According to a recent research by Santiment, large XRP wallets increased their holdings by around 6.5% in the two months leading up to the announcement that the SEC had dropped its appeal against Ripple. Additionally, this period saw a sixfold increase in unique wallet activity on the Ripple network, which contrasts with user outflows on other blockchains. However, it’s a stretch to say that there was insider trading, as the news was widely anticipated since Donald Trump won the elections in November last year.