Originally aired on July 13, 2023
Breaking news: Today, Ripple won the verdict that XRP is not a security!
Wendy O covers the surge in the price of XRP cryptocurrency after positive news related to Ripple’s lawsuit with the SEC. Wendy provides upbeat commentary celebrating the XRP community and investors making money from the price increase. She cautions that Ripple has not fully won the case yet, though the judge’s ruling that some XRP sales are not securities is a big victory.
Wendy O analyzes the judge’s decision in detail, with Ripple winning on some counts but not others. The case will proceed to trial on certain issues. Wendy reiterates the lawsuit is not over but this is excellent progress and will set precedent. She emphasizes supporting bipartisan legislation like the Clarity Act to provide regulatory clarity in crypto.
Wendy O then covers the arrest of Celsius CEO Alex Mashinsky for alleged fraud. She expresses satisfaction he is facing consequences after misleading crypto investors. Other updates include Google Play policy changes allowing NFTs, Coinbase adding support for Helium, and Elon Musk starting an AI company called X.
Finally, Wendy urges viewers to take profits if they invested early in XRP, using a percentage-based gains harvesting strategy. She warns against getting caught up in hype cycles and stresses realizing gains, not just watching currency values fluctuate.
What fueled the massive price surge in XRP cryptocurrency?
- Positive ruling in Ripple’s lawsuit that some XRP sales are not securities
- Cautioned the case is not fully won yet but Sets excellent legal precedent
- Investors euphoric over Ripple’s progress after years of waiting
What other developments were covered related to crypto laws and policy?
- Discussed judge’s nuanced decision in detail on Ripple lawsuit
- Emphasized need for regulatory clarity through legislation like Clarity Act
- Covered arrest of Celsius CEO Alex Mashinsky for alleged fraud
How can investors manage their holdings?
- Take profits if invested early using percentage-based exits
- Warned against getting caught up in hype cycles
- Stressed realizing gains in assets, not just watching prices
What other crypto market news did Wendy mentioned in this episode?
- Google Play allowing NFTs and crypto in apps
- Coinbase adding support for Helium token
- Elon Musk starting new AI company called X
00:00 – Intro
00:05 – Show intro
04:30 – XRP price analysis
07:00 – XRP not a security
23:40 – XRP relisted on Canadian exchange
24:00 – What’s next for XRP in the U.S.?
25:45 – Celsius Network CEO arrested
29:55 – Coinbase lawyers say student loan debt ruling helps defense
30:40 – Bank of America accused of blocking accounts that use Coinbase
32:30 – US dollar DXY crashes
34:00 – Europe to launch first Bitcoin Spot ETF
34:40 – Polygon #matic to change native token
36:35 – Coinbase adds support for Helium Network HNT
37:00 – Google changes policy on crypto/NFTs
40:50 – Elonmusk launches new AI project
41:20 – Meta competes with Google and OpenAi with new AI model