Title: XRP warning from former SEC Chair: This could bring down Ethereum too

Many investors are worried about their investment in XRP, created by Ripple Labs. XRP is under an enforcement action from the Securities and Exchange Commission (SEC), which claims that XRP is a security, not a currency.

However, a scathing letter written by the former Chairman of the SEC implies that if former SEC Chair Jay Clayton were to file the enforcement action against XRP, it would mean that the company would have to conclude that Ethereum is a security as well.

The XRP suit has caused many crypto exchanges to delist the currency, costing investors billions of dollars. Ethereum currently has a market value of $162 billion. This makes for a very interesting dynamic as the Biden Administration takes over this week.

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Made for Faith Dollars, Taxfree Imagination & Uptown Bliss group show at Assembly Point, London, runs 11th September–17th October 2015. Also running as part of Art Licks Weekend

Congresswoman Ayanna Pressley questions Federal Reserve Chairman Jerome Powell about the Fed’s plans to establish a faster payments system during a hearing of the House Financial Services Committee entitled “Monetary Policy and the State of the Economy.”

Ayanna Pressley(D-Mass) questions Fed chair Jerome Powell about the work towards a faster payment system and cryptocurrency.

SEC Chair Clayton Crypto ETF Needs Exchanges ‘Free From Manipulation’


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