XRP To See Robust Adoption as SEC Promises to Be Friendlier to The Cryptocurrency Industry

SEC

XRP (XRP) and its parent firm – Ripple – has won the heart of many businesses, firms, and institutions. The blockchain of XRP is known to be one of the fastest, cheapest, and safest when it comes to carrying out transactions. The price of XRP has also proven that XRP is a great investment opportunity. Ripple has penetrated several industries over the past years. However, the major focus of the project is banks and financial institutions. Ripple has partnered with several banks and financial institutions across the globe. These partnerships have helped to boost the adoption of XRP (XRP) as well as the price of XRP (XRP). This has also resulted in the release of bullish XRP price prediction 2019 by top analysts.

XRP (XRP) Price Today – XRP / USD

NamePrice24H %
ripple
XRP(XRP)
$0.669
22.10%

The recent XRP USD price trend has been pretty great. It has put a smile in the faces of many digital asset investors. XRP USD price is now approaching the short-term XRP price prediction 2019 of 50 cents. This breakout is likely to occur in the short-term as there is more bullish XRP news today to pioneer this growth. XRP has always had issues with the United States Securities and Exchange Commission (SEC). While these issues seemed to have weighed XRP down in the past, the digital currency is back on its feet. However, the table is about to turn around as the SEC has decided to take a friendly and welcome approach to crypto projects in the crypto space.

US SEC Set to Become Friendly to the Fintech Industry – How Will This Cryptocurrency News Impact the Price of XRP

The US SEC just had its first Fintech Forum in Washington DC – where the headquarters of the agency is situated. In the forum, they talked about the series of issues related to distributed ledger technology (DLT) and cryptocurrencies. There were several prominent speakers at the event. The event saw the likes of top SEC officials as well as technical and financial experts. The chairman of SEC – Jay Clayton – was also at the present at the meeting. For quite some time now, Clayton has been showing interest in blockchain technologies. In the cause of the discussion, Clayton said:

“There are many challenges in the digital currency industry and the main way to handle them is via engagement. We should also put into account our earlier achievements and compare them with what we’re trying to accomplish at the moment. At the agency, assessing the industry and competition is what drives innovations.”

According to the chairman, the SEC is committed to enhancing compliance in the digital currency space in all the country. A few months ago, the agency published guidance on how to determine if some digital currencies are investment contracts or not. The SEC is engaging with the digital currency industry, and this is a very promising thing for the industry.

A lot of digital currency projects are going to benefits from this development. Ripple’s XRP is one digital currency that will greatly benefit from it also.

XRP Price Analysis – XRP Price Prediction – XRP Price Forecast – XRP USD Live Price – XRP News Today

XRP is currently trading deep in the green. The digital currency is currently capped on the upside at the $0.48 mark. The immediate support of the coin is at the $0.44 mark. XRP price needs to break over its resistance level to test the short-term XRP price prediction of 50 cents.

Brian Lubin is a Crypto News Reporter for Smartereum. He's well-known for his reports on the crypto markets.

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