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Lummis Advocates for Consumer Protection In her tweet, Senator Lummis emphasized the significance of the court ruling and its implications for cryptocurrency regulation. She said that the verdict reaffirms the urgent need for Congress to deliver a comprehensive crypto framework that prioritizes consumer protection. advertisement The Senator, a long-standing supporter of Bitcoin emphasized that a clear crypto framework would ensure that investors are adequately safeguarded while promoting innovation in the cryptocurrency space. My statement in response to the Southern District of New York’s ruling in Securities and Exchange Commission v Ripple Labs, Inc. pic.twitter.com/bmIxR0AmhT — Senator Cynthia Lummis (@SenLummis) July 14, 2023 Recommended Articles Crypto Presale Projects For 2023 To Invest; Updated List Must Read ...

The court ruling has been the major catalyst to send the XRP Price to the moon. Hours after the ruling, the XRP price is trading 60% over the last 24 hours and is currently trading at $0.75. With a market cap of $40 billion, XRP is now the fifth largest cryptocurrency leaving behind USDC Coin. advertisement Also, the trading volumes for XRP across exchanges touched a 10-month high with on-chain indicators flashing all the bullish signals. XRP does not face the same regulatory constraints as securities in the United States, traders are more inclined to invest in it. The recent ruling has increased the visibility of XRP, which is considered a positive development and likely to have a bullish effect. XRP Price Shoots As Whale Activity Hits 2023 High On-chain data provider Santiment reported that the whale activity instantly shot up after the court ruling. Whale transactions on the XRP network have hit their highest in 2023 with a wide margin. In the last 24 hours, ...