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XRP's Declining Google Search Interest Seen as Buying Signal.
XRP's public interest has waned, but some market experts are viewing this as a possible buying signal.
According to Google Trends, search interest for XRP has dwindled since its peak on July 13, declining to a score of 7 globally and an even sharper drop to 5 in the U.S. as of Sept. 6.This decline in public interest follows a mixed ruling by the U.S. District Court of the Southern District of New York on July 13, which stated that while Ripple-affiliated XRP token sales on exchanges did not violate federal securities laws, its institutional sales did.
XRP's Declining Google Search Interest Seen as Buying Signal
The decline in public interest comes on the heels of a mixed court ruling concerning XRP’s regulatory status.
XRP's Declining Google Search Interest Seen as Buying Signal.
XRP's public interest has waned, but some market experts are viewing this as a possible buying signal.
According to Google Trends, search interest for XRP has dwindled since its peak on July 13, declining to a score of 7 globally and an even sharper drop to 5 in the U.S. as of Sept. 6.
This decline in public interest follows a mixed ruling by the U.S. District Court of the Southern District of New York on July 13, which stated that while Ripple-affiliated XRP token sales on exchanges did not violate federal securities laws, its institutional sales did.
After initially surging to over $0.80 following the ruling, XRP has since receded to $0.505287, according to CoinGecko data.
A buying opportunity? The drop in search interest isn't necessarily a red flag for investors. Some analysts argue that reduced search interest could indicate that the digital asset is less overpriced due to the absence of "excessive exuberance." As the saying goes, "Buy when it's boring, sell when it's not," a sentiment echoed by several market observers on social media.
The most recent CoinGecko data shows a current market cap of $26.8 billion for XRP. The controversial token has erased virtually all of its value after the court ruling.
Despite the decline in price and public interest, XRP now enjoys a distinct advantage: regulatory clarity in the U.S. "Other than Bitcoin, XRP is now the only digital asset with regulatory clarity in the United States," said Ripple CTO David Schwartz during The Future Outlook of the XRPL on Day 1 of the ApexDevSummit. This regulatory clarity could provide a more stable environment for long-term investors and could be a significant factor in future price action.
#ContentStar# #BountyCreator# #GateioBountyCreator# #NewsMessenger# #GateLive# #contentstar# #MyFancyCreator# #HotTopicDiscussion# Fintech firm settles with SEC over crypto lending product.
Linus Financial has agreed to stop offering its retail crypto lending product as part of the settlement.
Linus Financial, a Tennessee-based financial technology company, has settled with the US Securities and Exchange Commission for alleged securities laws violations.
Linus agreed to stop offering its retail crypto lending product. Per the settlement agreement, Linus Financial opted to neither confirm nor deny the charges, the SEC said Thursday.
According to the regulator, Linus offered its retail crypto lending product between March 2020 and April 2022.
Linus converted tendered assets into USDC and either transferred the USDC into liquidity pools on decentralized finance platforms or directly lent the USDC to institutional borrowers to generate returns for retail investors. Interest rates were generally between 3.5% and 4.5%, the SEC said.
The SEC claims that the retail product contained an investment contract, thus subjecting it to laws under the Securities Act.
In March 2022, after increased regulatory scrutiny on the crypto lending industry, Linus opted to unwind its retail product, directing investors to withdraw funds and closing the offering to new investors. All investor funds had been claimed by late April 2022, the regulator said. In light of Linus’ proactive decision to halt the product in 2022, on Thursday, the SEC said it would not be imposing civil penalties against Linus, instead opting to issue a formal cease and desist to the company from offering the product again. Stacy Bogert, associate director of the agency’s Division of Enforcement, said that “[t]he SEC will continue to hold companies accountable for failing to comply with federal securities laws.
#ContentStar# #BountyCreator# #GateioBountyCreator# #NewsMessenger# #GateLive# #contentstar# #MyFancyCreator# #HotTopicDiscussion# 
