July 14 BTCUSD BingX Chart Analysis and Today's Headline
BTC reached a new high of $31,800, raising questions about whether it was a genuine breakthrough or a false breakout. Looking at the market, the Bollinger Bands tightened around the midline for about a week before expanding upwards, indicating potential upward momentum. The MACD histogram decreased in length below the zero line, while the KDJ indicator showed a bullish crossover with decreasing volume. If BTC can maintain stability above $31,500, there is a possibility of challenging this year's higher highs.
The US SEC Responds to the Ripple Case: The Court’s Decision Will Still Be Reviewed
The US Securities and Exchange Commission (SEC) has issued a statement regarding a court ruling concerning XRP, expressing satisfaction with some aspects of the decision but also stating that they will review the court's ruling. The SEC stated that they are pleased with the court's finding that certain forms of XRP tokens offered and sold by Ripple violated securities laws. The court agreed with the SEC's view that the Howey test can be applied to analyze whether cryptocurrency transactions qualify as securities. The court rejected Ripple's argument regarding what constitutes an investment contract and emphasized that various tangible and intangible assets have been ruled as subjects of investment contracts in prior cases. Furthermore, the court dismissed Ripple's fair notice argument, stating that the Howey test is clear and claiming ignorance does not serve as a defense against securities law violations. The SEC stated that they will continue to review the decision.
Disclaimer: BingX does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. BingX is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the article.
The US SEC Responds to the Ripple Case: The Court’s Decision Will Still Be Reviewed
The US Securities and Exchange Commission (SEC) has issued a statement regarding a court ruling concerning XRP, expressing satisfaction with some aspects of the decision but also stating that they will review the court's ruling. The SEC stated that they are pleased with the court's finding that certain forms of XRP tokens offered and sold by Ripple violated securities laws. The court agreed with the SEC's view that the Howey test can be applied to analyze whether cryptocurrency transactions qualify as securities. The court rejected Ripple's argument regarding what constitutes an investment contract and emphasized that various tangible and intangible assets have been ruled as subjects of investment contracts in prior cases. Furthermore, the court dismissed Ripple's fair notice argument, stating that the Howey test is clear and claiming ignorance does not serve as a defense against securities law violations. The SEC stated that they will continue to review the decision.
Disclaimer: BingX does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. BingX is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the article.
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