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Also Read: Ripple Seek To File For Misconduct Post Hinman Docs Release? advertisement JPMorgan To Bet On Ethereum? According to reports, JPMorgan in a research report suggested that the US SEC executives admitted the fact that tokens on a sufficiently decentralized network cannot be landed under the “Security” category originates a regulatory gap. It added that the speech delivered by then SEC Director Hinman noted that there is an other category. However, the official stated that Ethereum is not a security there is no controlling group but still, there may be a call for regulation to shield purchasers. Nikolaos Panigirtzoglou, a JPMorgan analyst stated that these revelations could suggest that why the authority has not taken action against Ethereum while going after other crypto assets. The report added that the released documents could influence the direction of the current US congressional efforts in order to regulate the crypto industry. Re...

Also Read: Ripple Escrow Unlocked; Whales Dump 100 Million XRP advertisement Crucial Hearing For Crypto Markets Susan Friedman, head of policy at Ripple stated that the upcoming House Financial Services Committee hearing is an important event for the crypto industry. She mentioned that a hearing held by House Committee on Agriculture is equally crucial for the market. A Congressional hearing on the future of digital assets has been scheduled for June 6, 2023. It is done in order to provide clarity around crypto spot markets. Ripple exec praised Congressman Glenn Thompson (R-Penn.) to be a steadfast supporter of the voices seeking clarity in the crypto space. Read More Ripple News Here… Recommended Articles Crypto Presale Projects For 2023 To Invest; Updated List Must Read ...

Also Read: Ripple Exec Bids For EU’s MiCA Amid US SEC Crackdown; Ripple Moving Out? advertisement XRP Outperforms Bitcoin As per the data, XRP price has declined by around 15% in the last 30 days dealing with bear sentiment. XRP price jumped by around 2% in the last 24 hours reversing the selling trend running in the market. XRP is trading at an average price of $0.42, at the press time. Its 24 hour trading volume has jumped by 25% to stand at $1.22 billion. With this gain, XRP market cap added another $1.27 billion to stand at $22.25 billion. It is important to note that XRP gain came in when Bitcoin (BTC), the world’s largest crypto registered a decline of more than 4% in the last 24 hours. Bitcoin is trading at an average price of $26,442, at the press time. Read More XRP News Here… Trending Stories Bullish Pattern Protects Solana Price Amid Market Correction; Is This the Right Time to Buy...