{"id":462890,"date":"2024-09-25T16:20:49","date_gmt":"2024-09-25T16:20:49","guid":{"rendered":"https:\/\/www.crypto-news-flash.com\/?p=860329"},"modified":"2024-09-25T16:20:49","modified_gmt":"2024-09-25T16:20:49","slug":"researcher-exposes-how-sec-views-speculations-role-in-xrps-utility","status":"publish","type":"post","link":"https:\/\/e-bitco.in\/index.php\/2024\/09\/25\/researcher-exposes-how-sec-views-speculations-role-in-xrps-utility\/","title":{"rendered":"Researcher Exposes How SEC Views Speculation\u2019s Role in XRP\u2019s Utility"},"content":{"rendered":"<div><img decoding=\"async\" src=\"https:\/\/www.crypto-news-flash.com\/wp-content\/uploads\/2024\/08\/DALL\u00b7E-2024-08-12-14.26.48-A-futuristic-financial-scene-with-the-XRP-cryptocurrency-symbol-prominently-featured-in-the-foreground.-The-background-showcases-a-digital-market-envi.webp\" class=\"ff-og-image-inserted\"><\/div>\n<ul>\n<li><strong>Anderson revealed the SEC acknowledges speculative trading drives XRP\u2019s \u201cflywheel\u201d for utility.<\/strong><\/li>\n<li><strong>Ripple\u2019s CEO stated speculators\u2019 role in enabling XRP\u2019s use in Ripple products.<\/strong><\/li>\n<\/ul>\n<hr>\n<p>Anderson, a prominent member of the XRP community and digital asset researcher, <a href=\"https:\/\/x.com\/X__Anderson\/status\/1838239784055013611\">revealed<\/a> documents from the Ripple vs. SEC lawsuit, which shed light on the regulatory body\u2019s position.<\/p>\n<p>The SEC allegedly agrees that speculative trading and speculators\u2019 actions had a critical part in triggering the \u201cflywheel\u201d effect for <span><a href=\"https:\/\/www.crypto-news-flash.com\/xrp-price-predictions-soar-to-1-million-amid-speculation-over-ripples-rlusd-stablecoin\/\">XRP<\/a><\/span>, allowing the token to be used within Ripple products.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Even the SEC understands the important role of SPECULATORS and speculative volume in starting up the <a href=\"https:\/\/twitter.com\/hashtag\/XRP?src=hash&amp;ref_src=twsrc%5Etfw\">#XRP<\/a> flywheel, so that XRP can be used in Ripple&#8217;s products. <\/p>\n<p>So, if there will be a big speculative rise in the price of XRP, along with a natural rise in trading volume, this\u2026 <a href=\"https:\/\/t.co\/rsLL6tuQX5\">pic.twitter.com\/rsLL6tuQX5<\/a><\/p>\n<p>\u2014 Anders \ud83c\udfc1\ud83c\udf0f (@X__Anderson) <a href=\"https:\/\/twitter.com\/X__Anderson\/status\/1838239784055013611?ref_src=twsrc%5Etfw\">September 23, 2024<\/a><\/p>\n<\/blockquote>\n<h2><strong>Email Evidence Highlights XRP Liquidity Driven by Speculative Trading&nbsp;<\/strong><\/h2>\n<p>One crucial piece of evidence comes from an email made by Ripple CEO <span><a href=\"https:\/\/www.crypto-news-flash.com\/brad-garlinghouse-triumph-leading-ripple-through-legal-victory\/\" target=\"_blank\" rel=\"noopener\">Brad Garlinghouse<\/a><\/span> to Ripple board members on April 9, 2017. In this email, Garlinghouse stated that the increased XRP market activity and price was a significant development for the company.<\/p>\n<p>He stressed the importance of speculative trading and market volume in providing the liquidity required for firms to use XRP. This liquidity, he claimed, served as a main driver for the \u201cflywheel\u201d effect, making XRP more viable for products such as Ripple\u2019s On-Demand Liquidity (ODL) service.<\/p>\n<p>This insight demonstrates that Ripple realized the significance of speculative trading in generating the liquidity required to enable the adoption of XRP in real-world applications.<\/p>\n<p>On the other hand, a prior CNF <span><a href=\"https:\/\/www.crypto-news-flash.com\/xrp-highlighted-in-swifts-recent-collaboration-whats-at-stake\/\">report<\/a><\/span> has highlighted a significant relationship between SWIFT, the worldwide messaging network for financial institutions, and R3, a leading enterprise blockchain software startup.<\/p>\n<p>The agreement intends to connect SWIFT\u2019s Global Payments Innovation (GPI) service into R3\u2019s Corda platform, with XRP serving as a liquidity intermediary. This integration shows that XRP\u2019s role in promoting liquidity may transcend Ripple\u2019s ecosystem and be adopted by traditional financial systems.<\/p>\n<p>The inclusion of XRP in this proof of concept suggests that it could play an important role in future cross-border payments and settlements, confirming its utility in the broader financial landscape.<\/p>\n<p>As of the time of writing, XRP is trading at <strong>$0.5909<\/strong>, up <strong><span>1.35%<\/span><\/strong> over the last 24 hours. Despite this recent rally, the token has been consolidating for the last seven days.<\/p>\n<hr>\n<h6>Recommended for you:<\/h6>\n<div class=\"tve-leads-shortcode tve-leads-triggered tve-tl-anim tl-anim-instant tve-leads-track-shortcode_228374\">\n<div class=\"tl-style\" id=\"tve_tcb2_set-001\" data-state=\"50\" data-form-state>\n<div class=\"tve-leads-conversion-object\" data-tl-type=\"shortcode_228374\">\n<div class=\"tve_flt\">\n<div id=\"tve_editor\" class=\"tve_shortcode_editor\">\n<div class=\"thrv-leads-form-box tve_no_drag tve_no_icons thrv_wrapper tve_editor_main_content thrv-leads-in-content tve_empty_dropzone\" data-css=\"tve-u-185a09262cb\">\n<div class=\"thrv_wrapper thrv_text_element\">\n<p data-css=\"tve-u-185a09262d4\"><span data-css=\"tve-u-185a09262d5\">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; No spam, no lies, only insights. You can unsubscribe at any time.<\/span><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><a href=\"https:\/\/www.crypto-news-flash.com\/\">Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Anderson revealed the SEC acknowledges speculative trading drives XRP\u2019s \u201cflywheel\u201d for utility. Ripple\u2019s CEO stated speculators\u2019 role in enabling XRP\u2019s use in Ripple products. Anderson, a prominent member of the XRP community and digital asset researcher, revealed documents from the Ripple vs. SEC lawsuit, which shed light on the regulatory body\u2019s position. The SEC allegedly [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":462891,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10,11],"tags":[25,101,277,102],"class_list":{"0":"post-462890","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-other","8":"category-ripple","9":"tag-news","10":"tag-ripple","11":"tag-sec","12":"tag-xrp"},"_links":{"self":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/posts\/462890","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/comments?post=462890"}],"version-history":[{"count":0,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/posts\/462890\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/media\/462891"}],"wp:attachment":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/media?parent=462890"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/categories?post=462890"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/tags?post=462890"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}