Recent developments in the crypto world highlight significant legal and economic shifts. The US Securities and Exchange Commission (SEC) is reportedly concluding its case against Ripple Labs after four years, following an appeal related to a $125 million court judgment. Ripple’s legal team remains optimistic about a resolution in the case regarding whether XRP should be classified as a security. Meanwhile, the European Union has announced retaliatory tariffs against US goods, creating macroeconomic uncertainty that may cause Bitcoin prices to dip below $75,000. Analysts suggest these tariffs, alongside factors like institutional adoption and regulatory changes, will influence market volatility. On the legislative front, US Senator Cynthia Lummis has reintroduced the BITCOIN Act, which could lead to the government acquiring over 1 million Bitcoin through lawful means, as part of a strategy for a national reserve of digital assets. This development signals a shift towards more formalized governmental engagement with cryptocurrency.

Source 🔗