XRP ruling triggers crypto rally, SEC accepts bitcoin ETFs, Binance’s woes mount | Weekly recap
XRP ruled not a security, triggering a market-wide rally. Binance faces regulatory pressure with layoffs and legal disputes. Spot bitcoin ETFs gain recognition from SEC. Read these and other news in our weekly recap. In a groundbreaking ruling, Ripple emerged victorious in their SEC lawsuit as the judge declared that XRP is not a security. The market responded with a rally, led by XRP, while altcoins surged, sparking speculation of an impending altcoin season. Meanwhile, Binance found itself in the spotlight as reports of widespread layoffs emerged amid mounting regulatory troubles. On the regulatory front, spot bitcoin ETFs took center stage as BlackRock’s, Fidelity’s, and Galaxy’s applications gained recognition from the SEC. Ripple scores ‘partial’ victory The major highlight of this week was the final ruling delivered by Judge Analisa Torres in the multi-year Ripple vs. SEC lawsuit. However, before the verdict emerged this week, apprehensions eme...