You are reading the article Comparing Bitcoin, Xrp And Caged Beasts And Discussing Possible Sec Restructuring. updated in December 2023 on the website Daihoichemgio.com. We hope that the information we have shared is helpful to you. If you find the content interesting and meaningful, please share it with your friends and continue to follow and support us for the latest updates. Suggested January 2024 Comparing Bitcoin, Xrp And Caged Beasts And Discussing Possible Sec Restructuring.SEC Stabilization Act Could Lead To Crypto Market Upswing: Bitcoin, XRP And Caged Beasts Are Three Portfolio Must-haves
In recent developments, the political landscape has ignited with tension as Republicans make a bold stand against Gary Gensler, the current head of the Securities and Exchange Commission (SEC). United States Representative Warren Davidson, has taken decisive action by filing for the restructuring of the SEC and the removal of Gensler from his position. This dramatic move has sent shockwaves through the financial world, leaving many to wonder about the potential ramifications, particularly for the crypto market.
As the crypto sphere continues to capture the attention of investors and enthusiasts alike, the implications of Davidson’s actions could be far-reaching. Could this political upheaval be the catalyst for a significant upswing in the crypto market?
Speculation runs rampant, and attention is turning towards the ever-popular Bitcoin (BTC), the contentious XRP and the enigmatic Caged Beasts (BEASTS).Bitcoin: Can SEC Legal Onslaught Benefit The Crypto Giant?
While the SEC legal onslaught threatens to rattle the alt-coin market, one digital heavyweight seems poised to weather the storm and come out even stronger: Bitcoin (BTC).
As the lawsuits unfold, the core issue at stake is the classification of cryptocurrencies as securities. This crucial question has far-reaching implications, particularly for alt-coins and the staking programs offered by exchanges. The SEC’s scrutiny could potentially disrupt these ventures and shake up the market.
But fear not, Bitcoin faithful! This crypto juggernaut, known for its resilience and established status as a commodity, may have a few tricks up its virtual sleeve. With its solid position, Bitcoin stands to gain from the chaos unfolding in the courtroom.
First and foremost, increased market share could be in Bitcoin’s future. As alt-coins face uncertainty and potential setbacks, investors may flock to the stability and familiarity of Bitcoin, driving up its value and dominance within the market.
Additionally, Bitcoin’s regulatory moat could grow stronger as the lawsuits shine a spotlight on the need for clearer regulations in the crypto space. With its longstanding reputation and recognition, Bitcoin could emerge as a favored choice for regulators seeking stability and compliance.
As market participants gain confidence in Bitcoin’s resilience and regulatory standing, positive sentiment could skyrocket. This surge in belief and enthusiasm could drive up demand and propel Bitcoin to new heights.XRP: Revolutionises Cross-Border Payments
The old-school ways of moving money across borders can be as slow as molasses, riddled with outrageous fees, and just begging for those annoying hiccups. Well, fret no more, because Ripple (XRP), the daring blockchain-based payment protocol, is swooping in to unleash a game-changing revolution in cross-border transactions. Get ready for a wild ride, as Ripple shakes up the status quo and injects some much-needed excitement into the mix.
XRP, the digital asset tied to Ripple, has defied market trends with an impressive 7.4% surge in the past 24 hours at the time of writing. The reason behind this unexpected rally? Traders seem to be placing their bets on a positive outcome for Ripple in its high-stakes legal battle against the Securities and Exchange Commission (SEC).Caged Beasts: Transparency, Security And Unbridled Entertainment
Caged Beasts (BEASTS) is one meme coin combining transparency, security, and unadulterated fun. This groundbreaking approach is underpinned by the project’s unwavering commitment to trust and accountability, exemplified by its locked fund’s mechanism.
In a bold move that lays bare its dedication, Caged Beasts has chosen to lock away a staggering 75% of its funds until the highly anticipated release date. By showcasing this unwavering transparency, it not only fosters an atmosphere of trust but also provides investors with a much-needed sense of security as they embark on this ferocious journey.For All Things Caged Beasts:
You're reading Comparing Bitcoin, Xrp And Caged Beasts And Discussing Possible Sec Restructuring.
Securities and Exchange Commission (SEC)
The US federal agency responsible for responsible for implementing federal securities laws and proposing securities rules
Published April 7, 2023
Updated July 7, 2023What is the Securities and Exchange Commission (SEC)?
The US Securities and Exchange Commission, or SEC, is an independent agency of the US federal government that is responsible for implementing federal securities laws and proposing securities rules. It is also in charge of maintaining the securities industry and stock and options exchanges, as well as regulating electronic securities markets and other activities in the country.
With headquarters in Washington, D.C. and operating in 11 regional offices throughout the US, the SEC aims to provide protection to investors and ensure that markets are fair, efficient, and in order. It also strives to create a market environment that people can trust.History of the Securities and Exchange Commission
Before the creation of the US Securities and Exchange Commission, there were blue sky laws that were enforced at the state level. They were in charge of regulating the sale of securities to protect the investing public against fraud. However, said laws were found to be ineffective.
Congress then passed the Securities Act of 1933 to regulate interstate sale of securities at the federal level, while the Securities Exchange Act of 1934 regulates the sale of securities in the secondary market. The SEC was created by Section 4 of the Securities Exchange Act of 1934, also called the Exchange Act or the 1934 Act, to enforce federal securities laws.Organizational Setup of the SEC
The Securities and Exchange Commission comprises five Commissioners who are appointed by the US President. One of them is designated as the Chairman of the Commission. The law dictates that no more than three Commissioners may come from the same political party, to ensure non-partisanship.
Here are the five divisions within the SEC:1. Division of Corporation Finance
This division is responsible for helping the Securities and Exchange Commission in performing its role of overseeing the corporate disclosure of important information to investors. When stock is sold, a corporation is required to adhere to regulations related to disclosure. The Division of Corporation Finance is tasked to review on a regular basis disclosure documents that are filed by corporations. It also helps interpret the rules of the SEC. It likewise gives recommendations related to new adoption rules to the SEC.2. Division of Trading and Markets
This division assists the SEC in ensuring that markets are fair, orderly, and efficient. It oversees the day-to-day activities of major securities market participants, securities firms, securities exchanges, self-regulatory organizations, clearing agencies, transfer agents, credit rating agencies, as well as securities information processors.3. Division of Investment Management
The division of Investment Management helps the Securities and Exchange Commission in executing its role of protecting investors and promoting capital formation. It oversees and regulates the country’s investment management industry. It ensures that disclosures about investments such as mutual funds and exchange-traded funds are useful to retail customers. The division also ensures that the regulatory costs are not too high.4. Division of Enforcement
The division of Enforcement is responsible for the enforcement of securities laws. It gives recommendations on the commencement of investigations of securities law violations. It is also in charge of working closely with law enforcement agencies to take on criminal cases.5. Division of Economic and Risk Analysis
This division is in charge of protecting investors and keeping markets fair, orderly, and efficient. It also provides economic analyses and data analytics, and interacts with almost all divisions and offices within the Commission.Related Readings
The imminent conclusion of the Ripple vs. SEC lawsuit has the entire crypto-industry eagerly anticipating the final ruling. This legal battle carries immense importance as it is poised to bring much-needed regulatory clarity to the USA, which presently lacks a comprehensive framework for governing the sector.
Is your portfolio green? Check out the Ripple Profit CalculatorThe Hinman Documents
On 16 May, Judge Torres delivered a significant ruling by rejecting the Securities and Exchange Commission’s (SEC) request to keep the Hinman documents confidential. This implies that the court intends to make these documents accessible to the general public. Subsequently, the countdown began with 6 June anticipated as the date for the public disclosure of these extensively discussed documents.XRP enthusiasts get optimistic
According to Sam Lyman, a former policy director, Ripple may have a chance to emerge victorious after the documents become available to the public.
One of the reasons why Ripple may come out on top has been the legal team that the firm has hired. According to John E Deaton, Ripple’s legal team consists of individuals with notable backgrounds, including a former Director of Enforcement, a former Chief of Litigation, and a former Chief of the Criminal Division.Comments from former SEC commissioner
However, in the interview, Joseph stated he had questions around the reasons why a lawsuit was filed against Ripple Labs. He also mentioned that he had questions regarding the timing and implications of this event. He further went on to claim that he does not believe this litigation will help provide a significant solution towards compliant crypto in the future.Traders play it safe
Many in the crypto-space believe that the disclosure of the Hinman documents will provide Ripple enough ammunition to win this case, impacting XRP positively. However, traders don’t quite share the same belief.
According to Coinglass’ data, the sentiment of traders has been rather negative as short positions taken against XRP have risen over the last few days.
Over this period, XRP’s price also fell. At press time, it was trading at $0.453. The network growth of XRP had decreased as well, indicating that new users aren’t as interested in buying XRP.
Its velocity, however, remained consistent throughout the last few weeks, showcasing that the token was being traded actively despite high fluctuations in its price.
The release of the Hinman documents and the outcome of the lawsuit could provide some positive momentum to XRP’s price. Additionally, Ripple’s other developments may also help in improving the state of XRP.Ripple enters new markets
Ripple recently revealed its selection to demonstrate a solution for tokenizing real estate assets in Hong Kong’s inaugural e-HKD Pilot Programme.
The projected growth of the real-world asset tokenization industry to a multi-trillion-dollar one by 2030 has resulted in increasing interest in utilizing this approach to tokenize commodities, particularly real estate. Ripple has developed a compelling use case that integrates the e-HKD, tokenized real estate, and lending protocols. This solution will operate on a private and secure ledger, leveraging the same technology employed on the XRP Ledger (XRPL).
Realistic or not, here’s XRP market cap in BTC’s terms
Additionally, Ripple has also been observed to be working on its CBDC platform. Ripple is actively collaborating with over 20 countries to develop plans for Central Bank Digital Currencies (CBDCs). Through this collaboration, Ripple has made significant improvements to its CBDC platform, ensuring it fulfils the specific requirements of many. This enhanced platform enables these entities to tailor their currency plans and create prototypes utilizing the new CBDC platform.
After the SEC requested the court for “additional discovery” a couple of days back, many in the community are expecting Ripple Labs and the regulatory body to come to a settlement soon. In what is the latest development in the ongoing SEC v. Ripple lawsuit, the regulatory body has now filed its Memorandum of Law in support of its Motion to Strike Ripple’s “fair notice” affirmative defense.
The SEC’s previous letters have time and again attacked the defendants’ “fair notice” arguments. Supplementing the same in its latest memorandum, the regulatory body listed a host of reasons why Ripple’s fair notice defense is illicit.
For starters, the SEC claimed that it is charging entities for their securities law violations that involved “cryptocurrencies” and other digital assets for a while now. The SEC further contended that the masses were already aware that the regulatory body had filed a significant number of actions involving digital assets.
“Ripple’s “fair notice” defense fails, in the first instance, because of the large number of digital asset cases the SEC brought before suing Ripple.”
Ripple had previously signed a settlement deal with the Department of Justice and FinCEN. The SEC, however, claimed that the settlement did not involve it [the SEC] nor the federal security laws.
In its defense, Ripple additionally brought to light the speech of SEC’s then-Director of Corporation Finance where he stated his belief that Bitcoin and Ether might not be currently offered as securities. The defendants have time and again contended that XRP is a similar asset to both BTC and ETH. The SEC, however, claimed that the then-director had not explicitly mentioned XRP.
The defendants also stated an instance from their meeting with the operator of a digital asset trading platform where the SEC staff “declined to opine” whether or not the regulatory body considered XRP to be a security. The SEC, in turn, asserted in its memorandum,
“Notably, during the last two events, the SEC’s non-public investigation into Ripple was well underway, a relevant fact known to Ripple.”
Ripple’s “entire” fair notice defense, according to the SEC, is being sustained on the Upton v. SEC lawsuit. According to the SEC, however,
“The circumstances of Ripple’s violations differ greatly from Upton.”
The agency additionally contended,
“Ripple is unable to cite a single decision that applies Upton’s holding to defeat SEC charges in a district court action.”
As a matter of fact, the courts have uniformly refused to apply Upton to negate security law violations. Using the SEC v. Kik Interactive Inc. lawsuit as its precedent, the SEC went on to highlight that Judge Hellerstein “wisely rejected” the defendants’ Upton defense “as a matter of law.”
Needless to say, the SEC’s latest assertions fueled a lot of reactions online. Popular attorney Jeremy Hogan, for instance, suggested that the SEC had “mischaracterized” Kik Interactive’s “void for vagueness” defense as an “Upton” defense. He further added that the judge did not strike the same from the pleadings stage. Nonetheless, the regulatory body argued,
“Sustaining Ripple’s Upton defense would prejudice the SEC.”
The SEC concluded its memorandum by stating,
“The Court should decline the opportunity to provide future defendants a road map for flipping the onus of SEC enforcement actions that would fundamentally alter the nature of Section 5 litigation.”
Samsung introduced its One UI as its new skin over Android 9 Pie which was a much-needed overhaul for the companies outdated Experience UI.
Apart from the obvious UI changes, One UI also has some cool new features and the new Full-screen gestures are a welcomed addition to One UI.
Since Google released the Gesture-based navigation feature with the release of Android 9 Pie, OEMs have been adding their own navigation gesture feature with the Android 9 Pie update on their devices.
While the gestures in One UI are a lot better than the Gestures we’ve seen on the Pixel devices, there are still a few minor hiccups and bugs which users have been encountering while using the Full-screen gesture feature on One UI.
So let’s take a look at the issues with navigation gestures and how to fix them.
Gesture button mix up
A few users have been facing an issue with the Full-screen gesture features wherein the gestures are mismatched. As per the claims, the swipe up from the center brings up the recents menu rather than going back to the homescreen.
If you too are facing the same issue on your Samsung device with the One UI update, then here’s how to fix the issue:
The issue seems to be occurring only while using the Nova Launcher for some users, so we’d suggest clearing the Nova Launcher app data and setting up the app again.
Once the app data is cleared, simply reboot the device and setup Nova Launcher once again.
It could also be possible that the bug isn’t caused by Nova Launcher in which case you would have to try out some other solutions such as:
Reboot the device: Try rebooting your device since this usually gets rid of most bugs.
Toggle on the Navigation bar and then once again toggle on the Full-screen gestures.
Unable to access Google Assistant
After enabling the Full-screen gesture feature in One UI, some users are confused as to how to access/launch the Google Assistant since there’s no home button to long press on and the 3D touch home key does not launch the Google Assistant as well.
Fortunately, this isn’t an issue rather a change in how the gestures work, since there’s no home button to long-press on, simply swipe up from the middle and hold for a second to launch the Google Assistant.
The gesture works fairly well and can also be used when the keyboard is running.
Unable to quick switch apps
Quick switching applications with the recents key on the navigation bar is a great feature and is pretty useful since you don’t have to waste a couple of seconds trying to switch apps via the recents menu.
Simply tapping twice on the recents key switches between the recently opened applications, however, with the new Full-screen gestures feature users aren’t able to figure out how to quickly switch between applications.
If you too are wondering how to use the quick switch feature, then, unfortunately, you’re out of luck since Samsung hasn’t implemented any gesture function with the Full-screen gestures feature to quick switch between the recently opened applications on the device.
You would have to rely on third-party applications such as Fluid Navigation gestures to get the quick switch feature while using gesture-based navigation
Common troubleshooting methods
If you’re facing any other issue with the Full-screen gestures feature on your Samsung device running One UI, then you could try the following basic troubleshooting methods which could possibly help fix the issues.
Press and hold down the Power Key and then tap on Restart. Wait for the device to boot up and check to see if the issue is still present.
Uninstall third-party gesture applications
In case there are third-party gesture navigation applications installed and running on your device, then it could be possible that these apps might be interfering with the Full-screen gesture feature.
Perform a Factory data reset
Only reset your device in case no other method works in fixing the issue. Remember to backup the files on the device to avoid any data loss when resetting the device.
Go to Settings.
Tap on General management and then select Reset.
Now tap on Factory data reset and go through the warning. Scroll down to the bottom of the page and tap on the blue Reset button.
Wait for the process to finish and for the device to reboot itself and then set up your phone as you did when you first got the device.
After completing numerous transactions on the market, Bitcoins can offer many benefits to its users. There are still people who think that investing in Bitcoins is dangerous and unsafe. As with any type of investment, people who are interested in Bitcoins should conduct thorough research to learn about the pros and cons of this currency.The Pros of Bitcoins
Bitcoins were launched in 2009, but they are still considered a new currency. Learn more about Bitcoins and the benefits they offer to help you decide whether or not you want to invest.1. Accessibility & Liquidity:
You can purchase goods and services using Bitcoins by simply transferring them between users. This transaction is flexible and fast has led to an ever-increasing number of places accepting cryptocurrencies.
Also read: Best CRM software for 20232. User anonymity and transparency:
Bitcoin customers are often identified using numerical codes rather than their names. This allows for anonymity and transparency, which helps to ensure that no one can track the Bitcoin users. These transactions are not traceable easily.
Bitcoins allow anyone to view all transactions they make. This gives them a degree of transparency. The blockchain ensures that users are protected from fraud and scams even though their wallet address has been made public.
They can create a new address for their wallet to ensure anonymity and security. Bitcoin transactions are safer than traditional currencies that can leak personal information.3. Independent from any external authority:
Bitcoin is a decentralized currency that cannot be controlled or manipulated externally. This cryptocurrency ensures that your money will never be taken away.
Also read: Best Video Editing Tips for Beginners in 2023The Cons and Benefits of Bitcoins 1. There are no regulations from the government
Also read: 5 Best Resource Capacity Planning Tools for Teams2. Limitation of use
Despite the fact that more companies accept Bitcoin for transactions, they are not widely accepted. This can lead to Bitcoins being restricted in use, which is unlikely with credit or debit cards.
You can find many websites that provide detailed information and guidance about how to invest in Bitcoins.
Update the detailed information about Comparing Bitcoin, Xrp And Caged Beasts And Discussing Possible Sec Restructuring. on the Daihoichemgio.com website. We hope the article's content will meet your needs, and we will regularly update the information to provide you with the fastest and most accurate information. Have a great day!