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At the beginning of August, the long-running Securities and ExchangeCommission (SEC) court case against Ripple (the company behind the XRP token) finally wrapped up, and it looks like the worst of XRP's regulatory headaches is over. The SEC claimed it was a security, while Ripple claimed it was a cryptocurrency.
SEC settlement The one catalyst that seems most likely is some form of settlement with the Securities and ExchangeCommission (SEC) this year in an ongoing lawsuit involving Ripple , the company behind the XRP crypto token. The SEC is adamant that XRP is a security, not a cryptocurrency.
Across all of her exchange-tradedfunds (ETFs), her largest holding is cryptocurrency trading platform Coinbase (NASDAQ: COIN). COIN data by YCharts The chart above illustrates the price movements in Bitcoin versus Coinbase stock since the company's initialpublicoffering in 2021.
Moreover, the crypto industry had its own milestone moment as the Securities and ExchangeCommission (SEC) approved several spot Bitcoin exchange-tradedfunds (ETFs). These new investment products are offered by financial institutions such as Ark Invest, BlackRock , and many others.
By investing before the public has a chance to get in, it's possible to take larger positions on the cheap and then, in the case of companies destined for trading on the stock market, liquidate those positions for big bucks when the business makes its initialpublicoffering (IPO). So be patient with your funds.
Within 45 days of the end of each quarter, fund managers with over $100 million in assets under management must file a 13F with the Securities and ExchangeCommission (SEC) disclosing what stocks they owned at the end of each quarter. Where to invest $1,000 right now?
The key step, of course, was the appointment of cryptocurrency advocate Paul Atkins as the new head of the Securities and ExchangeCommission (SEC), replacing Gary Gensler. That's important because the SEC has had an axe to grind with Ripple , the company behind the XRP token, for more than four years now.
Securities and ExchangeCommission (SEC) sued Ripple, the company behind XRP; current CEO Brad Garlinghouse; and co-founder Chris Larsen in 2020, alleging that the parties sold XRP as an unregistered security in 2013. The SEC appealed parts of the decision. Image source: Getty Images.
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