A plethora of events have been happening in the cryptocurrency industry. Speculations of new SEC leader nominee initiated by Trump has resulted in certain altcoins, including eCash (XEC), outstripping Bitcoin and Ethereum in daily gains. Attorney Teresa Goody Guillén may head up SEC upon consideration by Trump. Meanwhile, current Chief Gary Gensler claims his leadership helped pro-crypto decisions, despite his approaching resignation.
A legal tussle ensued between US SEC and Coinbase over crypto rules. As this ensued, XRP's value soared past $1 due to SEC's legal troubles and a predicted favorable shift in regulatory scenery. An XRP ETF by 2025 has also been hinted at. Opinions differ on who might replace Gensler as SEC chair, with names like ‘Crypto Dad’ and Mark Uyeda in the pool.
The price of eCash (XEC) has been trending, and Coinbase advocates for partial summary judgment in the pending SEC lawsuit. Also, Coinbase has been involved in a lawsuit with both SEC and FDIC. Even though the SEC has signaled a retreat from Ethereum, it is still in a series of settlements with crypto platforms like eToro. The crypto industry experienced a victory when SEC dropped their stablecoin investigation into Paxos. Lastly, the Ripple-SEC Battle is fostering a potential breakout for XRP's price while Dogecoin is forecasted to reach $1.2, and Shiba Inu team announced a significant development.
XEC Coin News Analytics from Tue, 19 Mar 2024 07:00:00 GMT to Tue, 19 Nov 2024 22:26:00 GMT - Rating 1 - Innovation 0 - Information 7 - Rumor -2