XRP has spearheaded a robust recovery in the cryptocurrency market, rallying by 20% this week. Meanwhile, the SEC has deferred its decision on the Bitwise 10 Crypto ETF, and XRP has criticized the SEC for its stance on appeals. Gensler has clarified that the SEC never classified BTC and ETH as securities.
Notable market movements include Trump's World Liberty transferring $61 million in ETH, and Emmer being named vice chair of a crypto subcommittee. Analysts predict potential BTC price fluctuations, with forecasts suggesting dips due to inflation concerns, alongside strategic buying opportunities.
Industry developments feature the BoE's progress on CBDC design and the UK proposing a ban on ransomware payments. Meanwhile, Thailand is exploring a BTC ETF, and cross-chain innovations continue at pace.