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Also Read: Robinhood Wallet Now Supports Bitcoin , Dogecoin; Ethereum Swaps Enabled advertisement While the announcement on the hearings do not explicitly suggest a focus on the crypto market news, it could well be the dominant part of the US Senate and House committee hearings. Interestingly, this time around Gensler would also have to face questions on the SEC’s plans to approve the spot Bitcoin ETF filings from Blackrock, Ark Invest, Fidelity, Bitwise and others. Gary Gensler To Testify Before Two Congress Panels According to a scoop from Fox Business journalist Eleanor Terrett, the US SEC Chair had agreed to testify before the U.S. Senate Banking Committee GOP as well as the U.S. House Committee on Financial Services Republicans in two separate hearings scheduled in September 2023. Following the Grayscale victory in the lawsuit against the US SEC, the onus is now on the agency to clarify on its timeline for potential approval of the spot Bi...

Also Read: XRP Whales Scoops 360 Million XRP; Ripple Lawsuit Verdict Near? advertisement XRP Lawsuit Verdict To Bring Clarity? Crypto expert, Scott Melker aka The Wolf of All Streets stated that the crypto industry needs to fight back now. He asserted that if this doesn’t happen now then there is a possibility that the US users will be left only with Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC) and Bitcoin Cash (BCH) as an option to trade in. He highlighted that these 4 assets are being traded on EDX crypto exchange which is operated by Fidelity, Citadel, and Charles Schwab. The Wolf of All Streets added US SEC Chair, Gary Gensler has called BTC, ETH, LTC and BCH commodities earlier. Attorney John Deaton, Amicus Curiae in the XRP lawsuit pointed out how crucial a verdict is for the major cryptos like Solana (SOL), Polygon (MATIC), and Cardano (ADA). However, he mentioned that if the outcome turns out to be bad for XRP, not Ripple then US SEC Chair, ...

Also Read: XRP , DOGE Added In Crypto Index Launched By Hong Kong Rating Agency advertisement XRP Lawyer Offers Support Attorney John Deaton, XRP holders’ lawyer mentioned that he found SpendTheBits in the search of developers on the XRP Ledger ( XRP L) who hadn’t received any kind of funds from Ripple. He added that Ripple and its executives Brad Garlinghouse, and Chris Larsen were unaware of SpendTheBits and its app. SpendTheBits had filed an amicus brief in the XRP lawsuit in support of the defendants back in 2022. The U.S. District Court Judge Analisa Torres granted the request. The attorney believes that this Amicus Brief was the best example that demonstrated a major flaw in the US SEC’s theory. He expects that it could also be cited by Judge Torres in the Summary Judgment. Read More XRP News Here… Deaton highlighted that TapJets and SpendTheBits can prove to be the best example to destroy the SEC’s common enterpris...

Also Read: US Court Interrupts SEC’s Enforcement Against Crypto Exchanges advertisement Binance.US reported that it has halted its over-the-counter (OTC) trading portal. It assured that the user assets will remain safe and secure with the crypto exchange, while deposits and withdrawals will function normally. The crypto exchange mentioned that it will remove USDT, BTC, and BUSD Advanced Trading pairs including AAVE/USDT, AXS/USDT, BCH/USDT, 1INCH/USDT, APE/USDT, ATOM/BTX, DOT/BTC, UNI/BTC, MANA/BTC, and HBAR/BUSD. Binance ’s U.S. arm in order to make its convert offering efficient, it will reduce the number of supported convert trading pair to 226. Recommended Articles Crypto Presale Projects For 2023 To Invest; Updated List Must Read Best Crypto Exchange Af...