The recent introduction of a new US bill has sent waves through the crypto community, particularly for those invested in Ripple (XRP). With the help of legal expert, Jeremy Hogan, we explore the potential impact of the bill on XRP secondary sales and whether it could propel the XRP price to a staggering $25. Buckle up and read on to learn more about this exciting crypto game-changer.
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Ripple/XRP-New US Bill Crypto Game-Changer, Jeremy Hogan-XRP Secondary Sales, XRP Price $25?
Introduction
In recent times, the world of cryptocurrency has been abuzz with exciting developments, especially with the recent US bill that proposes significant changes to the current regulatory framework that governs cryptocurrencies. This bill has the potential to be a game-changer for the entire crypto industry, with Ripple’s XRP among the beneficiaries. In this article, we will explore the implications of this bill and how it could impact the price of XRP, as well as secondary sales of XRP and the prospect of a $25 target in the future.
Ripple/XRP and the US Bill: A Game-Changer?
The proposed bill aims to provide a clearer distinction between different types of digital assets and provide a more simplified regulatory framework. XRP stands to benefit from this development because the asset already has an established use case in international remittances and cross-border payments.
The bill seeks to provide more clarity on how Ripple’s XRP will be treated under the law, thereby providing increased regulatory certainty for the asset. This increased certainty would lead to more widespread adoption of XRP, further driving up demand and price. Additionally, the bill proposes that assets that meet certain criteria will be exempted from classification as securities, which could further cement XRP’s status as a utility token.
Jeremy Hogan and XRP Secondary Sales
Recently, there has been a lot of buzz surrounding XRP secondary sales. Jeremy Hogan, a prominent crypto lawyer, stated that Ripple could potentially win against the Securities and Exchange Commission (SEC) in the ongoing court case concerning the classification of XRP as a security. If this were to happen, XRP sales on the secondary markets could resume, leading to an increase in demand and price, as well as more adoption.
How High Could the Price of XRP Go?
Some analysts believe that XRP has the potential to reach $25 following the proposed regulatory changes and the potential outcome of the ongoing court case. While this price target may seem ambitious, given XRP’s current price of around $0.70, many other cryptocurrencies have seen similar price surges in the past. However, it is important to note that there are several factors that could affect the price of XRP, including market volatility, regulatory changes, and adoption rates.
Relevant Crypto Services and Products
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Linqto: This platform is designed to make private investing more accessible, providing an easy way for investors to participate in pre-IPO investments.
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Digital Perspectives Mastermind Group: This group offers a 3-day free trial for anyone interested in learning more about the crypto industry and staying up-to-date with developments.
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Flare Naming Service: Users can reserve early launch .FLR domain names/payment pointers on this platform.
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UPHOLD Vault: XRP holders can get early access to this platform, which provides secure storage for cryptocurrencies.
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CryptoTaxAudit Membership: This membership provides valuable protection for crypto taxpayers by offering an audit defense program and other tax solutions.
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iTrustCapital.com: This platform allows users to open an IRA and invest in cryptocurrencies like Bitcoin and Ethereum.
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ProCoinNews Daily: Subscription to this daily newsletter featuring Digital Perspectives is free.
Conclusion
In conclusion, the proposed US bill could be a game-changer for the crypto industry as a whole, with Ripple’s XRP poised for significant gains. However, it is important to keep in mind that there are no guarantees in the crypto market, and investors should always do their own research and invest carefully. Additionally, the relevant crypto services and products mentioned in this article offer valuable resources for anyone interested in the crypto economy and investing in digital assets.
FAQs
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Is the proposed US bill guaranteed to be passed into law?
Answer: There are no guarantees, as the bill is still in the proposal stage and would need to be approved by both houses of Congress and signed by the President. -
What is a secondary sale of XRP?
Answer: Secondary sales refer to the buying and selling of XRP on secondary markets, such as exchanges, by investors and traders. -
How can I stay up-to-date with developments in the crypto industry?
Answer: Joining groups like the Digital Perspectives Mastermind Group and subscribing to newsletters like ProCoinNews Daily can provide valuable information and insights. -
What is the significance of XRP’s use case in international remittances and cross-border payments?
Answer: XRP’s potential to streamline these processes and reduce costs for both individuals and businesses makes it an attractive asset for adoption. -
Are there any risks involved in investing in cryptocurrencies?
Answer: Yes, as with any investment, there are risks involved, including market volatility, lack of regulation, and technological vulnerabilities. It is important to do thorough research and only invest what you can afford to lose.
