The official X handle of Ripple issues a critical warning to XRP holders following its legal victory against the U.S. Securities and Exchange Commission (SEC).
In an X post yesterday, the leading crypto payments company highlighted a surge in scam attempts targeting XRP community members.
Ripple Issues New Warning
According to Ripple, these malefactors are leveraging Wednesday’s historic victory against the SEC to scam unsuspicious investors.
In particular, Ripple cautioned the community to be wary of fake social media accounts impersonating the company or its executives, often used to promote fraudulent XRP giveaways and airdrops.
Ripple emphasized that it will never ask the community to send funds to participate in such schemes. This suggests that any request for funds from any Ripple-affiliated account should be considered suspicious.
Not New
Notably, Ripple quoted an old tweet from its chief technology officer (CTO) David Schwartz, who also issued a similar warning over a year ago following the release of the summary judgment decision on July 13, 2023.
Recall that after Ripple secured a partial victory in the summary judgment decision last year, bad actors launched numerous fraudulent XRP giveaways to exploit gullible market participants. Besides creating fake social media accounts, these scammers made AI-cloned videos of Ripple CEO Brad Garlinghouse announcing malicious XRP giveaways.
Using a Ponzi scheme strategy, the scam required participants to send XRP to a specific address, promising to return up to 1,000% of any amount sent. This malicious activity reduced drastically after Ripple and other XRP enthusiasts exposed it.
Fraudulent XRP Giveaway Resurfaces Following Recent Court Ruling
However, these scam attempts have resurfaced, with Ripple recently securing another major victory against the SEC. It bears mentioning that Judge Analisa Torres issued the highly anticipated final verdict in the SEC v. Ripple lawsuit on August 7.
This decision ended in a partial victory for the parties. While the judge reduced the penalty amount to $125 million compared to the $2 billion the SEC requested, she imposed a permanent injunction on future XRP sales to U.S. institutions.
The injunction mandates Ripple to obtain a registration statement from the SEC before it can sell XRP to institutional clients. At the moment, there are speculations that the parties could appeal the decision.
Litecoin price rally halted at $60 on Aug 9, having rebounded 25% from the Monday historic crash, however, a key resistance sell-wall now threatens to halt the LTC recovery phase.
LTC Price Hits $60 Roadblock after 25% Rally
Litecoin (LTC) has witnessed a sharp recovery over the past four days, rebounding by nearly 25% from the August 5th market crash. The initial plunge saw LTC prices dip below $50, marking one of the steepest declines in recent weeks. However, a series of bullish catalysts provided significant support, driving the price back up to the $60 range.
The most prominent factor boosting LTC’s price was the renewed interest in cryptocurrency ETFs, which led to fresh inflows into the market. Additionally, the $125 million fine imposed on Ripple by the SEC, though initially perceived as bearish for the broader crypto market, spurred confidence among Litecoin investors, interpreting it as a sign of regulatory clarity.
However, as LTC approached the $60 level, it encountered significant resistance, as seen in the TradingView chart. The price struggled to break above this level, and bearish pressure began to reassert itself, leading to a minor pullback. This resistance zone has proven to be a formidable barrier, halting the momentum of the recent rally and leaving traders cautious.
While the recent rally has been encouraging, the negative funding rate for LTC is a concerning signal that could undermine the bullish sentiment.
The Funding Rate chart shows that on August 9th, the Open Interest-Weighted (OI-Weighted) funding rate dipped into negative territory at -0.0013%, coinciding with LTC’s price stalling around the $60 mark.
Historically, when a mega-cap asset like LTC faces a significant pullback from a key resistance during a broader market rally, it often indicates bearish headwinds in the derivatives market.
Litecoin Funding Rate vs LTC Price | Coinglass
The persistent negative funding rate suggests that short positions continue to outweigh longs, reflecting that bears, who were in control just days ago, still hold significant positions at key price levels.
This dynamic is likely why LTC encountered resistance at $60, as bears defend these levels to prevent further upside.
Despite the recent bullish catalysts, the underlying market sentiment, as reflected in the funding rate, points to a potential challenge in maintaining the upward momentum. If the negative funding rate persists, it could signal a broader bearish trend, leading to further consolidation or a possible retracement in LTC’s price.
Traders should closely monitor these levels, as a failure to break above $60 could cause LTC to revisit lower support zones in the coming days.
LTC Price Forecast: $60 Breakout Could Trigger More Gains
Litecoin price is currently hovering close to the critical $60 resistance level, and the technical indicators suggest that a breakout above this level could potentially open the door for further gains.
The daily LTC/USD chart reveals that after experiencing a sharp decline to around $50, LTC has managed to stage a 25% recovery, bouncing back strongly over the past four days. This recovery is underscored by the Donchian Channel, which shows that the price has moved from the lower bound towards the middle and upper ranges, indicating increasing bullish momentum.
The Chop Zone Indicator (CHOP) is currently at 33.07, which suggests that the market is trending after a period of consolidation. This indicator supports the notion that if LTC can break above the $60 resistance level, it could gather enough momentum to push towards the next significant resistance level around $63.39.
Litecoin Price Forecast (LTC/USD)
However, it’s important to note that this level has previously acted as a strong resistance, and traders should watch for potential profit-taking if LTC approaches this area.
On the downside, the $57 support level is crucial to maintaining the bullish outlook. A drop below this level could signal a potential reversal and expose LTC to further declines, possibly retesting the $50 psychological support level. However, as long as LTC holds above $57 and the current upward momentum continues, the outlook remains cautiously bullish, with the potential for a breakout above $60 leading to further gains.
In summary, Litecoin’s price action indicates that a successful breakout above the $60 resistance level could pave the way for additional upside potential. Traders should monitor the $63.39 resistance and $57 support levels closely as they could provide critical insights into the future direction of LTC in the short to medium term.
Ripple has officially started the private beta testing of its proprietary USD stablecoin project Ripple USD (RLUSD) on the Ethereum mainnet and the XRP Ledger (XRPL).
The firm disclosed this in a recent post on X, sharing a link to an official press release. Interestingly, the disclosure comes two days after Judge Analisa Torres made the final decision on the Ripple v. SEC lawsuit, effectively bringing the legal battle to an end in the absence of any appeals.
Ripple USD Now in Private Beta Testing
According to Ripple, the private beta testing of RLUSD on the XRPL takes them one step closer to enhancing the network with additional digital assets of high value, more institutional use cases, greater liquidity and the prospect of fresh opportunities.
The firm confirmed that its enterprise partners are currently responsible for carrying out the private beta testing. Notably, the tests are part of efforts to ensure that the Ripple USD project is sufficiently reliable and secure.
This is an essential stage of the development phase, as these tests fish out flaws that require correcting. Ripple stressed that the stablecoin has not been released to the public for trading or purchase at press time. They warned of malicious actors that might claim to have the mandate to sell or distribute RLUSD tokens.
Testing, testing…RLUSD! We’re excited to share that Ripple USD (RLUSD) is now in private beta on XRP Ledger and Ethereum mainnet. RLUSD has not yet received regulatory approval and therefore is not available for purchase or trading – please be cautious of scammers who claim they…
Also, Ripple revealed that RLUSD has not received regulatory clearance yet. Recall that the U.S. SEC previously called the token an “unregistered asset.” Amid the ongoing private beta testing phase, the payments company provided the contract addresses of the stablecoin project on the XRP Ledger and the Ethereum mainnet for transparency purposes.
What Next?
Following the private beta testing, available only to select parties, the next development phase for a project involves the public beta testing. In this stage, the general public gets the opportunity to carry out rigorous tests on the project with no risk of real asset loss.
Once the necessary tests are complete, Ripple emphasized that it would also need to obtain regulatory approval for the launch and use of the stablecoin, expected later this year. The firm stressed that once this is out of the way, it would leverage both RLUSD and XRP for its cross-border payment services.
Ripple acknowledged the growing demand for stablecoins. Tether (USDT), the largest stablecoin by market cap, consistently commands the biggest 24-hour volume for any crypto asset. The token also boasts a market cap of $115 billion, making it the third-largest cryptocurrency.
Due to the ongoing demand for stablecoins, experts project the market to hit $2.8 trillion in the next four years. With the imminent launch of RLUSD, Ripple plans to capture a huge chunk of this market. They claim the Ripple USD will get its backing from government treasuries, cash deposits and other equivalents.
Shiba Inu’s price rebounded 25% from the market crash on Monday as it reached $0.000014 on Aug 8. However, on-chain data shows how a 5.83 million SHIB sell-wall threatens to halt the recovery phase.
Shiba Inu’s 25% Price Rebound Halts at $0.000014
Shiba Inu (SHIB) has demonstrated resilience in the face of recent market turbulence, rebounding 25% from the significant market crash on August 5.
Following a low of $0.000011, SHIB surged to $0.000014 by August 8, driven by a combination of bullish catalysts including ETF inflows, a $125 million fine on Ripple, and Russia’s decision to legalize cryptocurrency mining. However, as SHIB approached the $0.000014 resistance, the bullish momentum began to wane.
Shiba Inu Price Action (SHIB/USD) | TradingView
The recent uptick in SHIB’s price can be traced back to these catalysts, which generated optimism across the broader crypto market. Shiba Inu, benefiting from this sector-wide rally, saw its price jump nearly 33% in just three days, from its August 5 low to its August 8 high.
The price chart shows that after this steep rise, SHIB encountered a strong resistance level around $0.000014, where a significant volume of sell orders began to accumulate.
Residual Sell-Orders Stalls Bullish Momentum
Despite the initial bullish sentiment, the high incidence of existing sell-orders that mounted since Monday’s market crash appears to be nullifying the positive momentum. In the last 24 hours, SHIB has seen a 4% correction, pulling back from its recent high of $0.000014. This correction occurred as SHIB was unable to break through the resistance level, which coincided with a broader market retreat led by mega-cap assets hitting resistance points during the rally.
The exchange order books reveal that bears, who were in control just days ago, still hold a substantial volume of sell orders, obstructing SHIB’s advance above $0.000015.
Shiba Inu Order Books (SHIB/USD) | IntoTheBlock
The on-chain market depth chart for Shiba Inu (SHIB) indicates a bearish outlook, with sell orders outpacing buy orders. At an average price of $0.000014, there are about 5.43 trillion SHIB in sell orders compared to 3.03 trillion SHIB in buy orders, leaving a negative difference of 2.4 trillion SHIB, or approximately $17 million.
This demand short-fall suggests a lack of strong buying support, which could lead to further price declines if the trend persists.
Shiba Inu Price Forecast: Breaking $0.00015 Could Lead to More Gains
The Bollinger Bands on the price chart indicate that SHIB is currently trading near the lower band, suggesting it is in an oversold position, which could signal a potential bounce back. The Relative Strength Index (RSI) also hints at a possible bullish reversal, as it hovers near the oversold region.
If SHIB can maintain support at $0.000013 and buyers step in to absorb the selling pressure, the price could retest the $0.000015 resistance level. A successful breach of this level could open the door to further gains, with the next resistance point around $0.000018.
However, failure to hold the $0.000013 support could see SHIB retesting the $0.000012 level, where it previously found strong buying interest.
In conclusion, while the technical indicators suggest that more upside is possible, SHIB’s ability to break through the $0.000015 resistance will likely depend on the broader market sentiment and whether any new bullish news emerges to counteract the existing sell pressure. If these conditions are met, SHIB could see another leg up in its price movement.
Market participants might require very little XRP to make profits of $10,000, $100,000, and $1 million if XRP ever secured a 1,000x price increase.
The crypto market has reached a state of flux following the impressive price run recorded on Aug. 8. Notably, Bitcoin (BTC), the leading crypto asset, spiked to a high of $62,729 before facing resistance. Despite a mild correction that followed, BTC maintained an 11.9% intraday gain.
XRP Accumulation Amid Correction
However, XRP was already on the verge of its own unique retracement at the time the broader market picked up pace, only seeing a mild 2.83% rise on Aug. 8. XRP has now corrected some of the gains it amassed on the back of the final ruling in the Ripple vs. SEC lawsuit on Aug. 7.
At press time, the crypto asset has now dropped below the $0.60 psychological threshold, presenting another opportunity for investors to accumulate more tokens at discounted prices. As recently reported, XRP shark and whale addresses have procured over 662 million tokens in August alone.
This accumulation spree is a product of renewed sentiments, as investors anticipate XRP will eventually stage a breakout rally. Multiple market analysts have projected this rally, with varying growth extents. Earlier this month, market pundit Mickle called attention to factors that could potentially lead to a 1,000x rise for XRP.
While this 1,000x increase is near unimaginable, such a rally is capable of transforming modest holdings to impressive heights. The Crypto Basic recently provided an assessment of how much XRP a market participant would need right now to secure substantial profits if XRP spiked 1,000x.
XRP Needed to Make $10K at a 1,000x Rally
For context, a 1,000x rally would push XRP’s price to an audacious $574. For an investor to secure $10,000 should XRP hit $574, the individual must hold 1.74 XRP tokens. Interestingly, these 1.74 tokens are worth a meager $1 at current prices.
XRP Needed To make $100K at a 1,000x Rally
Meanwhile, those looking to hit higher investment levels, such as $100,000, might need to invest more. To clinch this $100,000 figure if XRP reaches $574, a market participant must hold 174.2 XRP tokens. These XRP tokens are valued at $100 at prevailing rates. Such an investment would present a profit of $99,900.
XRP Needed To Make $1M at a 1,000x Rally
Lastly, to hold $1 million when XRP hits the ambitious $574 target, an investor must possess 1,742 XRP. Notably, such an investor can accumulate these tokens for just $1,001 at current prices. This would mark a return on investment (ROI) of $998,999.
While this assessment reveals the possibility of mouthwatering gains, it is important to note that the chances of this appreciation are incredibly slim. A $574 price would lead to an XRP market cap of $32.2 trillion. This is much greater than the valuation of Gold, the world’s largest asset. Such a market cap is highly improbable.
Veteran analyst Peter Brandt believes Solana could spike 100% against Ethereum, pointing out multiple favorable factors for the former.
Solana’s recent performance against Ethereum has triggered reactions from market watchers, including Brandt. In a recent analysis, Brandt highlighted the potential for Solana to make significant gains against Ethereum.
Solana’s Accumulation Phase
The SOL/ETH weekly chart shows a clear breakout from a prolonged accumulation phase. This accumulation phase, which lasted over a year, featured a range-bound movement, with the price oscillating between approximately 0.0350 and 0.0500 ETH.
SOLETH 1W Chart | Peter Brandt
The breakout occurred as SOL surged past the key resistance level at 0.0500 ETH, which had acted as a ceiling for the cryptocurrency since early 2022.
Market analysts have pointed out the significance of this breakout. Historically, such breakouts from long-term accumulation phases often lead to strong upward movements, as they indicate a shift in market sentiment.
Solana Targets 100% Rise Against Ethereum
The volume profile also bolsters the bullish outlook, with a notable increase in trading volume during the breakout. A massive surge in volume suggests that the breakout is likely to be sustained, as it indicates strong buying interest.
Amid these bullish movements, reports confirm that Brazil has welcomed its first spot Solana ETF products. The report triggered a spike in Solana’s price to $163, contributing to its gains against Ethereum.
Also, the moving averages (MA) on the chart provide additional confirmation of the bullish trend. The 18-week MA has recently crossed above the 8-week MA, a bullish “golden cross.”
The next key level to watch is the 0.1100 ETH mark, which represents a potential price target based on the height of the previous range. If SOL continues its upward trajectory, this level could be reached in the coming months, representing a 100% gain from the current price level.
In addition to the technical aspect, Brandt’s bullish outlook for Solana is based on several positive fundamental factors. First, Brandt pointed out Ethereum’s ongoing issues. He criticized Ethereum for being cumbersome, “flawed” and expensive.
According to him, Ethereum’s claims of decentralization are questionable. Brandt suggested that Ethereum is constantly in need of fixes, implying that it might not be as robust as its supporters believe. He compared Ethereum’s frequent need for upgrades and improvements to U.S.-built automobiles.
On the other hand, Brandt praised Solana for being user-friendly and having a solid foundation. He emphasized that Solana’s technology and infrastructure are better suited to meet the needs of the market.
Meanwhile, in the short term, the SOL/ETH ratio spiked considerably to a peak of 0.0643 yesterday. While this marked its all-time high value, Solana faced intense resistance at this level. Consequently, SOL has recently dropped against Ethereum, down 2.66% today.
Altstein, a widely followed trader who prides himself on swiftly turning $100 to $100K, argues it is high time to abandon the hate around XRP, projecting up to 600% gains.
The seasoned trader expressed this sentiment in a recent post highlighting the current positive developments surrounding XRP, making a bull case for the asset now more likely.
Altstein first emphasized that XRP has fully recovered from its recent significant drop, posting strong gains and outperforming its rivals. Notably, it hit $0.43 on Monday and has since rallied to $0.64, marking a 48% growth in less than a week.
Time to End XRP Hate
Furthermore, the trader highlighted that the long-running Ripple lawsuit, which began in December 2020, concluded this month with Ripple emerging victorious. Ripple secured a 94% reduction from the $2 billion fine the SEC had requested.
Altstein noted that Ripple’s victory solidifies XRP’s status as not being a security, suggesting that the asset may now soar to unprecedented heights.
Moreover, the seasoned trader highlighted that XRP has broken above a solid zone and out of the smaller symmetrical triangle formation that began in 2021. The chart accompanying his update emphasized his anticipation of a 600% price rally, which would add nearly $3 to XRP’s value.
XRP chart
As a result, Altstein stressed that it is time for those who are skeptical about XRP to reconsider their investment strategy toward the coin.
XRP Army Tired of $0.5 Ranging
Reacting to Altstein’s sentiment, X user Ebenezer Edward remarked that he does not hate XRP but is frustrated by its prolonged stagnation around $0.50.
Indeed, XRP has not surged significantly beyond this threshold in recent months. After reaching $0.744 in March, it dropped back and has remained below that level since.
Meanwhile, another commenter noted that XRP’s recent unexpected bounce and breakout from the symmetrical triangle are strong bullish signals supporting further gains.
Notably, following the announcement of Ripple’s victory, XRP briefly spiked to $0.64 but has since lost momentum to break higher resistance. At press time, XRP has slipped back below $0.60, trading at $0.584.
Regardless of recent fluctuations, XRP analysts remain confident that better days are ahead, supported by repeated instances of unexpected price surges. They believe more significant pumps are on the horizon, especially if XRP ultimately reverses its 7-year downtrend. Analysts like Javon Marks predict that in such a scenario, XRP could experience a surge of up to 42,000%.
Vitalik Buterin, the co-founder of Ethereum, has been making waves in the crypto community with recent high-profile transactions.
His Ethereum address has shown increased activity, leading to speculation and discussion among observers. Earlier today, Buterin’s wallet executed a significant transfer of 3,000 ETH, valued at around $8.05 million, to a multi-signature wallet. According to the crypto surveillance Lookonchain, this transaction could potentially indicate a donation, though interpretations vary.
Significant Transfers and Wallet Activities
The transaction, recorded at 12:39:23 AM UTC, raised eyebrows as Lookonchain reported it as a possible donation. However, a critical voice emerged, arguing that all three signatories of the receiving wallet are linked to Buterin, suggesting this could be an internal reallocation rather than an outward donation.
Following this transaction, the receiving wallet now holds 3,000 ETH, with a value calculated at $7,907,204 based on the current Ethereum price of $2,635 per ETH. The wallet also contains a small amount of other tokens, valued at $118.02.
Notably, Buterin’s address continued its activity, later transferring 199.9 ETH, worth approximately $521,469.37, to a different address.
Contextualizing Historical Transfers
It is also important to note that on August 5, a wallet known as “Vb 3” transferred 3,000 ETH, approximately $7 million, to Buterin’s wallet. At the time, Buterin held 245,223 ETH, equating to $571.72 million.
These recent transactions follow a pattern of large Ethereum movements, with Wallet “Vb 3” previously transferring 1,001 ETH 184 days ago and 6,000 ETH 571 days ago. Each of these transactions is linked to Buterin’s address, suggesting a series of strategically timed transfers.
Buterin’s Recent Token Sale
In a separate event, Buterin recently conducted a notable sale of Neiro tokens. His wallet sold 17.15 billion Neiro in exchange for 44.53 ETH, valued at approximately $112,448, on Uniswap V2. This sale initially triggered a dip in Neiro’s value, although the market quickly rebounded with a 15% surge.
The Neiro team publicly responded to the sale, suggesting Buterin consider donating part of the proceeds to a stray dog shelter. They clarified that the distribution of Neiro tokens to Buterin was not an endorsement but rather a decision made by the original developer, who has since exited the project.
The Cardano network is about to welcome its most significant upgrade in history, and various stakeholders are showing readiness.
Remarkably, Bitfinex has emerged as the first crypto exchange to signal readiness for the Cardano Chang hard fork.
First Exchange Ready for Cardano Technical Upgrade
Data from a dedicated tracking site reveals that out of over 55 centralized exchanges being monitored, Bitfinex is the only entity prepared for the Cardano network upgrade.
Cardano Chang hard fork readiness for Bitfinex
On the other hand, 11 exchanges are currently in the process of supporting the Cardano blockchain upgrade, while 43 have yet to commence.
As of the latest update, Binance, the largest crypto exchange with the highest ADA token liquidity, is among those making progress. Other exchanges with ongoing efforts include Coinbase, the largest U.S.-based exchange, Bitget, Gate.io, KuCoin, and MEXC.
Exchanges that have not started but are aware of the requirements include WhiteBIT, Changelly, Upbit, Bitrue, HTX, and Crypto.Com. Notably, HTX and WhiteBIT have high ADA token liquidity, even higher than Coinbase.
To be ready, Stake Pool Operators (SPOs) must install the latest Cardano Node 9.1.0. software. This update is a prerequisite for the Chang hard fork, which can only be initiated once at least 70% of Cardano SPOs have adopted the new node software.
Yesterday, NBX announced on its social media channel that it had successfully upgraded its exchange to Cardano Node 9.1.0, preparing it for the Chang hard fork. However, it is worth noting that NBX’s readiness status is not being tracked on the dedicated portal.
Other Ready Stakeholders
Beyond crypto exchanges, other stakeholders within the Cardano ecosystem are largely prepared for the upcoming upgrade.
Notably, the Core Infrastructure Components, which comprise the technologies integrated within the Cardano Node and essential tools such as Consensus, Plutus Core, and Cardano CLI, have already completed their preparations and are ready to support the Chang hard fork.
What Cardano Chang Hard Fork Means
Significantly, the Cardano Chang Hard Fork is a pivotal upgrade that will propel the network into its final development phase, the Voltaire era.
The upgrade aims to achieve true decentralization by allowing participants to submit proposals and vote on them. Ultimately, this will transition the network out of IOHK’s management and mark a major milestone in Cardano’s history.
Notably, Cadano enthusiasts anticipate that the upgrade could be crucial in propelling ADA’s price to the moon, as observed in the last occurrence.
Advisers to the Biden administration recently had a conference call with top crypto stakeholders, including Ripple and Coinbase executives.
During the Zoom call yesterday, the crypto stakeholders voiced concerns about the administration’s stringent regulatory policy. Despite the concerns raised, advisers to the Biden administration did not promise any policy changes.
White House and Crypto Participants
The meeting attendees include notable crypto executives such as Ripple CEO Brad Garlinghouse, Anthony Scaramucci of SkyBridge, Circle CEO Jeremy Allaire, Kraken CEO David Ripley, Uniswap CEO Hayden Adams, and top American businessmen Mark Cuban and Chris Dixon.
On the other hand, government representatives include Director of the Vice President’s Legislative Affairs Kristine Lucius, Deputy Chief of Staff Bruce Reed, Deputy Treasury Secretary Wally Adeyemo, National Security Adviser Lael Brainard, and other high-profile officials.
Bloomberg, which claimed to have seen the full list of Zoom Call attendees, reported that a Ripple spokesperson confirmed that Garlinghouse and the company’s chairman, Chris Larsen, were in the meeting.
Ripple and Coinbase Criticize Biden’s Strict Crypto Policies,
For context, Coinbase and Ripple have publicly criticized the Biden administration’s crypto policies, which they characterized as anti-innovation. Notably, both companies are victims of the SEC’s enforcement actions.
The SEC’s lawsuit against Coinbase is still in its early phase. However, the Ripple legal tussle ended this week in the Southern District of New York after the final verdict was issued.
Democrats Seek to Lure Crypto Voters
As the industry faces intense regulatory scrutiny in the U.S., its leaders are hoping to turn things around by supporting pro-crypto politicians from the Republican Party in the upcoming election.
Interestingly, former President Donald Trump is the preferred candidate for crypto enthusiasts. Some of his campaign promises include supporting Bitcoin mining and sound policy for the industry.
Consequently, crypto enthusiasts, including Ripple CLO Stuart Alderoty, have made significant donations to his campaign. As reported earlier, Alderoty supported Trump’s campaign with 624,000 XRP, valued at around $300,000.
Amid Trump’s growing support from crypto stakeholders, the Kamala Harris presidential campaign organizers have been working relentlessly to rebuild the relationship between the Democratic Party and the industry. This has led to a series of meetings as part of efforts to woo crypto voters.
Last month, Garlinghouse revealed that top crypto executives had a roundtable discussion with White House representatives. According to him, the meeting marked the first major step toward transforming words into actual action regarding crypto regulation.
