FOX Enterprise journalist Eleanor Terrett revealed an explosive leak in a tweet yesterday at 10 pm EST, which may have an effect on your entire crypto business or allegedly Ripple and its authorized battle with the U.S. Securities and Trade Fee (SEC).
Terrett wrote that she discovered from an nameless supply near the SEC that the U.S. company will make an enormous announcement for the crypto business tomorrow. The journalist speculates that the announcement may come after 2 pm EST, because the SEC is holding a closed assembly at the moment:
My SEC sources inform me to be ready for a doubtlessly huge announcement tomorrow. Might it have one thing to do with a Kraken settlement following a closed assembly at 2pm? Might settlement phrases have business ramifications? We’ll see.
Terrett’s tweet has sparked hypothesis about what the announcement may entail. She herself cites a settlement reached by U.S. trade Kraken with the U.S. Securities and Trade Fee.
On Wednesday, it was revealed that Kraken is beneath investigation for alleged violations of U.S. securities legal guidelines. Bloomberg reported that the investigation was in an “superior stage.” Citing an nameless supply, the report said {that a} settlement could possibly be reached “within the coming days.”
Might It Be A Ripple And SEC Settlement?
In the meantime, hopes have emerged within the XRP group that Ripple could have reached a settlement with SEC. The rumor stems from the truth that the SEC case towards Ripple is absolutely briefed and now awaiting a choice from choose Analisa Torres, as Bitcoinist reported.
XRP group legal professional John E. Deaton has argued in earlier tweets {that a} settlement is unlikely earlier than the court docket ruling. Deaton believes the regulator is ready to struggle to the top.
Nonetheless, LBRY’s latest partial victory in its case towards the SEC could have been a game-changer. The SEC was compelled to confess reside on tape that secondary market gross sales don’t represent securities transactions. Nonetheless, it stays pure hypothesis whether or not the SEC’s announcement will revolve round Ripple’s case.
One other scorching conjecture is an announcement by the SEC on cryptocurrency staking. Coinbase CEO Brian Armstrong tweeted yesterday rumoring that the SEC plans to limit retail buyers from taking part in crypto staking. As anticipated, such an announcement may even have a big influence in the marketplace.
At press time, the XRP worth stood at $0.3925, down barely in keeping with the broader market development. In the intervening time, the XRP worth is discovering essential assist on the 50 and 100-day EMA.
Featured picture from sergeitokmakov / Pixabay, Chart from TradingView.com