By Monday, the crypto market showed signs of recovery, with Bitcoin rising to $101,000 and altcoins leading the rebound.
Geopolitical risk remains high, with potential oil disruptions in the Strait of Hormuz threatening further volatility across risk assets.
After a wave of liquidations swept through the crypto
markets, traders are now eyeing signs of recovery, led by battered altcoins
like Solana, XRP, and Dogecoin. One of the factors behind the positive sentiment is the case between XRP and the SEC. This is despite the ongoing geopolitics in the Middle East.
Still, uncertainty remains. The U.S. has warned of
stronger responses if Iran retaliates, and any disruption to oil shipping through the Strait of Hormuz could rattle global markets and spill over into
risk assets like crypto.
While Bitcoin’s volatility dominated headlines,
altcoins quietly mounted a stronger recovery. This resilience may signal a return to risk-on
behavior, with investors betting that the macro uptrend remains intact despite
geopolitical headwinds.
Ripple’s XRP Case May End Sooner Than Expected, Lawyer
Says
As the long-running legal clash between Ripple and the
U.S. Securities and Exchange Commission (SEC) nears its end, fresh developments
suggest a final ruling may arrive earlier than anticipated, although some analysts foresee a delay.
🚨SEC Ripple Case Update…🚨
We have a “possible” delay. We can always get an answer at any time. This is definitely a delay tactic for the Genius Act. They want the “law” to pass in order to solidify the case.
Ripple and the SEC jointly filed a revised motion on
June 12 asking the court to lift the long-standing injunction that limits
Ripple’s ability to sell XRP.
The SEC simultaneously asked the Court of Appeals to
pause the ongoing appeal process for 60 days, a request the court approved,
setting a soft deadline of August 15. This led to speculation that no ruling would come
until mid-August. But Morgan argues otherwise.
Wrong. Ripple is the source of the delay. It wants the injunction dissolved. Rather than cause the delay the SEC is actually bending over backwards to help ripple have the injunction dissolved. Ripple and the SEC would have settled months ago but for Ripple wanting to dissolve… https://t.co/1YPRgxes0n
In a pointed observation, Morgan disputed claims that
the SEC had been stalling. He stated that Ripple, not the regulator, caused
much of the holdup by insisting the injunction be removed.
After a wave of liquidations swept through the crypto
markets, traders are now eyeing signs of recovery, led by battered altcoins
like Solana, XRP, and Dogecoin. One of the factors behind the positive sentiment is the case between XRP and the SEC. This is despite the ongoing geopolitics in the Middle East.
Still, uncertainty remains. The U.S. has warned of
stronger responses if Iran retaliates, and any disruption to oil shipping through the Strait of Hormuz could rattle global markets and spill over into
risk assets like crypto.
While Bitcoin’s volatility dominated headlines,
altcoins quietly mounted a stronger recovery. This resilience may signal a return to risk-on
behavior, with investors betting that the macro uptrend remains intact despite
geopolitical headwinds.
Ripple’s XRP Case May End Sooner Than Expected, Lawyer
Says
As the long-running legal clash between Ripple and the
U.S. Securities and Exchange Commission (SEC) nears its end, fresh developments
suggest a final ruling may arrive earlier than anticipated, although some analysts foresee a delay.
🚨SEC Ripple Case Update…🚨
We have a “possible” delay. We can always get an answer at any time. This is definitely a delay tactic for the Genius Act. They want the “law” to pass in order to solidify the case.
Ripple and the SEC jointly filed a revised motion on
June 12 asking the court to lift the long-standing injunction that limits
Ripple’s ability to sell XRP.
The SEC simultaneously asked the Court of Appeals to
pause the ongoing appeal process for 60 days, a request the court approved,
setting a soft deadline of August 15. This led to speculation that no ruling would come
until mid-August. But Morgan argues otherwise.
Wrong. Ripple is the source of the delay. It wants the injunction dissolved. Rather than cause the delay the SEC is actually bending over backwards to help ripple have the injunction dissolved. Ripple and the SEC would have settled months ago but for Ripple wanting to dissolve… https://t.co/1YPRgxes0n
In a pointed observation, Morgan disputed claims that
the SEC had been stalling. He stated that Ripple, not the regulator, caused
much of the holdup by insisting the injunction be removed.
Jared Kirui is an Editor at Finance Magnates with more than five years of experience in financial journalism. He covers online trading, fintech, payments, and crypto industries with a focus on companies, regulation and compliance, executive moves, trading technology, and market analysis.
His work has been featured in other media outlets, including Benzinga, ZyCrypto, The Distributed, and The Daily Hodl.
Education:
Bachelor of Commerce degree (Finance option), University of Nairobi
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