MARKETS DAILY: Crypto Update | XRP Ruling Does Nothing For Regulatory Clarity

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CoinDesk

News, Tech News, Daily News, Business News

4.7 • 698 Ratings

🗓️ 17 July 2023

⏱️ 8 minutes

🔗️ Recording | iTunes | RSS

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Summary

The Ripple v. SEC lawsuit ruling falls short of settling the question of whether a digital asset meets the definition of a security under U.S. law. Today's episode is sponsored by Kraken Pro. Today's Stories: Ripple, Crypto Industry Score Partial Win in SEC Court Fight Over XRP Ripple Labs Ruling Throws U.S. Crypto-Token Regulation into Disarray Ripple’s XRP Token Ruling a ‘Milestone Win’ for Crypto Industry, Says J.P. Morgan Markets Links: BRN00 | Brent Crude Oil Continuous Contract Overview | MarketWatch - From our sponsors: Meet the all-new Kraken Pro. The powerful, customizable, beautiful way to trade crypto. It’s Kraken's most powerful trading platform ever - packed with trading features like advanced order management and analytics tools — all in a redesigned, modular trading interface. Head to pro.kraken.com and trade like a pro. Not investment advice. Some crypto products and markets are unregulated. The unpredictable nature of the cryptoasset markets can lead to loss of funds and profits may be subject to capital gains tax. - This episode was hosted by George Kaloudis. “Markets Daily” is executive produced by Jared Schwartz and produced and edited by Eleanor Pahl. All original music by Doc Blust and Colin Mealey. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Transcript

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0:50.0	This episode of Markets Daily is sponsored by Cracken.
0:57.9	Hey. This episode of Markets Daily is sponsored by Cracken. It's Monday, July 17th, 2023, and this is Markets Daily from CoinDesk.
1:03.5	George Clutis here again for your daily news roundup.
1:06.7	On today's show, we're talking Bitcoin, the latest headlines, and more.
1:10.4	And just a reminder, CoinDusk is a news source and does not provide investment advice.
1:21.8	Bitcoin is down and Ether is up since our last show, but only modestly, especially in
1:26.7	the face of alternative cryptocurrencies,
1:28.9	which are the rising star of the show after some supposedly big news on the Ripple SEC lawsuit last
1:34.5	week. And on the big news, Ripple's XRP token nearly doubled in price and his trading volume on
1:40.1	exchange has increased in eye-watering 1,300%. We will cover the details of the news after the
1:46.0	break, but it has led to a surge in many other alt coins. Many things like Salana and Cardano are up.
1:53.1	It's not all good news for alts, though, as Binance's BNB token is being heavily shorted
	...

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