The SEC vs. Ripple case resulted in a win for cryptocurrencies, with the XRP coin rising by over 70% and Bitcoin getting close to its year-to-date high. Investors are concerned about US rules after the judge found that Ripple Labs broke several laws and that XRP is not a financial security.
The SEC’s regulation of digital currencies could be significantly impacted by this ruling, which could put pressure on legislators to develop legislation that is industry-specific.
Wins for XRP
Cryptocurrencies have been impacted by the decline in US inflation, as published by the Bureau of Labour Statistics, as core consumer inflation dropped to 3%, the lowest level since March 2021.
Consumer inflation may reach the Fed’s goal level of 2.0% in the following months and may even fall below 1% in 2024 as a result of this trend.
- SEC wins Ripple case, boosting XRP and Bitcoin, but investors worry about US rules.
- SEC regulation of digital currencies may be impacted by the ruling.
- ASI token enhances ecosystem performance with AI-enabled development.
Cryptocurrencies will benefit from this decline in inflation because it will have an impact on the Federal Reserve, which has been quickly hiking interest rates.
In its second round of token sales, AltSignals, a firm that employs artificial intelligence to make precise forecasts in the cryptocurrency, futures, and forex markets, has raised over $1.17 million.
The ASI token, which is already profitable with thousands of users globally, will power the ecosystem. Its performance is anticipated to be improved by developers employing AI. Tokens for AltSignals can be bought here.
