
🚨 XRP Ripple Considering the circumstances surrounding XRP can Ethereum also be considered as a Security? Also, what is the mystery behind Gary Gensler’s comment on XRP legal status? Moreover, XRPL has recorded its second-largest NFT sale. Finally, there has been a prevalent misconception about Ripple’s main objective, We will be reviewing together the main reason behind the creation of Ripple. Stick with me till the end to find out more. 🔥
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👇 What are we going to talk about in today’s XRP video?
⏰ CHAPTERS:
0:00 Ripple News today.
1:00 Policymakers around the world have continued to take significant steps toward regulating crypto-related activities within their environments.
3:32 XRP vs SEC Lawsuit.
6:10 XRP Ledger (XRPL) just witnessed the sale of a single XPUNK NFT for 75,300 XRP.
8:38 Why was Ripple created?
11:00 Conclusions.
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Hello guys, considering the circumstances surrounding XRP can Ethereum also be considered as a Security? Also, what is the mystery behind Gary Gensler’s comment on XRP legal status? Moreover, XRPL has recorded its second-largest NFT sale.
Finally, there has been a prevalent misconception about Ripple’s main objective, We will be reviewing together the main reason behind the creation of Ripple. Stick with me till the end to find out more.
Policymakers around the world have continued to take significant steps toward regulating crypto-related activities within their environments.
In a CNBC report today, lawmakers in the European Union voted in favour of a new cryptocurrency licensing regime, MiCA.
According to the report, a total of 517 lawmakers voted in support of the new crypto licensing regime, while 38 lawmakers voted against it.
Similarly, the European Parliament also supported a separate law known as the Transfer of Funds regulation.
The law requires crypto exchange operators to identify their customers in order to curb money laundering activities.
Following the development, the European Union has become the first major jurisdiction in the world to introduce a comprehensive law for crypto.
The development has stirred a debate among cryptocurrency community members, with some people calling out United States lawmakers for lagging behind in the context of establishing clear crypto regulations.
Attorney John E. Deaton, the founder of CryptoLaw and a pro-XRP lawyer, joined other crypto community members to react to the EU approval of a new crypto licensing regime.
Reacting to the development, Deaton said SEC Chair Gary Gensler may finally have to answer whether he considers Ethereum a security.
The pro-XRP lawyer added that the SEC boss would not answer the question.
Deaton’s comment indicates that while other regions are establishing clear crypto rules, US lawmakers are still asking the SEC boss to comment on whether he considers the second-largest cryptocurrency a security.
Recall that Gensler testified before the US House of Representative Committee on Financial Services. One of the biggest questions of the Congressional hearing was raised by Congressman Patrick McHenry, who asked the SEC boss whether Ethereum was a security.
Gensler did not give a yes or no answer. Instead, he stylishly made unnecessary comments to avoid answering the question.
Crypto stakeholders have been calling on the SEC to provide clear rules to enable crypto businesses to thrive.
However, Gensler, who believes that most crypto assets are securities, has reiterated that crypto market rules already exist but that the industry is still rife with non-compliance.
The SEC boss echoed similar views during his recent congressional hearing: “Nothing about the crypto markets is incompatible with the securities laws. As I’ve said numerous times, the vast majority of crypto tokens are securities.”
SEC Chair Gary Gensler’s testimony before the United States House of Representatives Committee on Financial Services has continued to be a major topic of discussion in the XRP community.

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Why is everyone feeling sorry for Judge Torres? The only "pressure" that should be on her is the law. It is not her opinion or prerogative. It is the balance of clear evidence. #XRP purchases include no investment contract between #Ripple and purchasers. It's simple to understand even for a Democrat.
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Fire Gensler NOW.
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