Из жизни альткоинов

Famous legal expert Bill Morgan has highlighted how Ripple was unable to promote XRP over the past few years due to its former legal battle against the U.S. Securities and Exchange Commission (SEC). 

Why Ripple Was Unable To Promote XRP In The Past

In an X post, Bill Morgan stated that Ripple could not promote XRP or the XRP Ledger in the past for fear of being sued by the SEC for promoting and offering an unregistered security. He noted that despite that, the company was still sued by the regulator. The lawyer’s response followed XRPL stakeholder Wietse’s comments about how the XRPL has a track record of regularly being too early and also being too late. 

Wietse made this comment after XRP community member Crypto Eri pointed out that the XRP Ledger has supported tokenized gold since, though it hasn’t received enough publicity. Wietse added that the network is too early for people to notice and realize how great certain things are, and too late for others, causing too little, too late catch-up. 

However, Bill Morgan believes that XRP and XRP Ledger would have gotten more publicity if Ripple had been able to actively promote the altcoin in the past. He noted that during the SEC lawsuit, the crypto firm barely mentioned XRP. Meanwhile, the lawyer noted that Bitcoin, Ethereum, and other cryptos were promoted with impunity and that former SEC official Bill Hinman effectively promoted ETH while in office.  

The lawyer added that, to this day, Ripple’s promotion of XRP and the XRP Ledger remains muted. He stated that the company does it by stealth under the cover of acquisitions and RLUSD. Morgan believes that this is nothing compared to how Michael Saylor actively talks about and promotes Bitcoin. 

XRP Is Still At The Centre Of Ripple’s Vision

Ripple has, in recent times, reiterated that XRP is at the centre of its vision. In his New Year’s message, the firm’s CEO, Brad Garlinghouse, stated that the altcoin has been and will continue to be the heartbeat of that vision. This came as he noted that their two major acquisitions last year, Ripple Prime and GTreasury, will greatly accelerate and expand their ability to deliver on their vision, which is to enable the Internet of Value. 

He added that building and using crypto infrastructure, updating their global financial plumbing, and rethinking legacy systems don’t happen overnight. As such, they will continue to take the long view of what crypto-based assets such as XRP and RLUSD can do rather than chasing cycles and hype. 

At the time of writing, the XRP price is trading at around $2.16, up over 5% in the last 24 hours, according to data from CoinMarketCap.

Комиссия по ценным бумагам и биржам США (SEC) завершила проверку приватного токена Zcash и направила создателям проекта уведомление, что не имеет претензий и не намерена кого-либо наказывать Zcash Foundation за выпуск ZEC.

United States President Donald Trump’s family-backed crypto firm has applied for a national trust bank charter, and one of the Senate’s most vocal financial critics wants regulators to stop the process until the President severs his financial ties to the venture.

According to filings and public statements, the firm aims to use the charter to issue and manage a dollar-pegged stablecoin called USD1, which has grown quickly since launch.

Warren Raises Conflict Concerns With The OCC

US Senator Elizabeth Warren sent a formal letter to Comptroller Jonathan Gould asking the Office of the Comptroller of the Currency (OCC) to pause its review of the application until Trump divests and fully eliminates financial links to World Liberty Financial, reports say.

The senator wrote that approving a federally chartered bank while the sitting President retains ties to the business could create serious government ethics problems.

The Company’s Plan And Its Scale

World Liberty Financial wants a national trust bank that would offer stablecoin issuance, custody and conversion services.

The stablecoin USD1 has reached more than $3.3 billion in circulation since its launch, a figure regulators and lawmakers are watching closely as the firm seeks federal oversight.

The move would place certain crypto activities under the same kind of supervision given to traditional trust banks.

Pushback And Political Risk

Reports note that Warren’s demand is rooted in a concern about the public’s trust in regulators. She asked the OCC for a written reply by January 20, highlighting the urgency of the matter for lawmakers who oversee banking rules.

Other Democrats have signaled similar worries about the optics and legal questions that could follow if a regulator reviews a bank linked to the incumbent President.

Industry Context And Reaction

Several crypto firms have recently sought national charters or conditional approvals, prompting a broader debate over how stablecoins should be regulated. Supporters of bank charters say federal oversight can protect customers and bring clarity.

Critics argue that when a highly political figure is connected to an applicant, extra caution is required so that regulatory independence is preserved. Reporting on this case has focused on both the bank application and the potential effect on trust in federal agencies.

Other Developments Around The Firm

World Liberty and related affiliates have been active on multiple fronts, including new product launches and international talks. Some outlets noted a newly announced partnership with external parties to explore broader payment uses for USD1, an effort that underlines how quickly the stablecoin has spread.

Featured image from Inc/Getty Images, chart from TradingView

With the latest bounce on Tuesday, the Bitcoin price has moved back above the $94,000 level, which appears to have reignited bullish sentiment across the market. A confirmed indication of the renewed bullish sentiment is the recent drop in selling pressure from investors and the futures market.

Futures Market Sellers Are Stepping Back

The cryptocurrency market is showing upward strength with Bitcoin reclaiming resistance levels that previously halted its upside attempts. While the price of BTC is trending upwards once again, selling pressure on the flagship asset from the futures market is declining sharply.

Following weeks of aggressive short positioning and high funding rates that exacerbated downward movements, indicators currently reflect a substantial cooling of sell-side activity. As outlined by Darkfost, a market expert and author at CryptoQuant, the selling pressure has now divided by 10 after reaching a monthly average peak of $489 million in the BTC Net Taker Volume metric.

This shift in sentiment is a sign that open interest is returning to normal, liquidations have slowed, and traders are reducing rather than increasing their negative wagers. Although this does not guarantee an immediate rise in BTC’s price, it alleviates one of the biggest headwinds that has affected prices in recent sessions.

The Bitcoin Net Taker Volume metric provides a net volume, which aids in determining who is controlling the futures order books. Furthermore, it is simpler to identify changes in trend and trading activity when the data is smoothed using a monthly average. Currently, Darkfost highlighted that sellers are still slightly dominating the orders, with over $51 million worth of trades. 

While the metric has not yet flipped into positive territory, the data shows that it is gradually approaching it. According to the expert, it is quite encouraging when traders begin to change their approach, especially considering the significant impact futures volumes have on price action.

It is worth noting that the BTC price action has experienced a stable trend since the decline in selling pressure kicked off. Thus, if Net Taker Volume were to turn positive once more, it would undoubtedly set off a bullish reversal for Bitcoin.

Is Bitcoin Volatility Heading For Rock Bottom?

As the bullish sentiment returns to the market, the ongoing volatility is starting to fade, leading to a period of low risk. Axel Adler Jr., another author at CryptoQuant, has shared an update revealing that BTC’s realized volatility has compressed significantly, reaching approximately 23%, a level that statistically rarely persists for long.

In the past, these compression regimens have resulted in a dramatic range expansion. With realized volatility now sitting at 23.6%, compression has reached a critical threshold, bringing BTC to a crucial stage that could play a role in its next move. 

At the time of writing, the price of BTC was trading at $94,890, indicating a more than 3% increase in the last 24 hours. Its trading volume has also increased significantly, rising by nearly 61% over the past day.