Despite the SEC throwing a curveball with the Ripple lawsuit, the crypto market has bounced back.
Meanwhile, the new Crypto All Stars (STARS) project continues to gain traction at ICOs thanks to its unique take on meme coin staking.
SEC vs. Ripple – Round 2 could shake up crypto regulation
The SEC is making noise again with the Ripple lawsuit.
The move came after Judge Annalisa Torres said that while Ripple was wrong to sell XRP to institutional investors, selling it to retail investors on exchanges did not violate any rules. It was done later.
The SEC appears to disagree with this ruling and is now taking the case to higher court.
This is a huge deal as it could change the way cryptocurrencies are regulated in the US.
If the SEC wins its appeal, it could impact how cryptocurrencies are bought and sold.
When this news broke, the price of XRP fell by 13%.
But Ripple won’t go down without a fight.
Ripple’s legal team appears to be preparing for this appeal, with the company’s CEO accusing the SEC of not having investors’ best interests in mind.
After all, this whole situation could take years to resolve.
And the results could have a major impact on the future of cryptocurrencies.
Bitcoin rebounds, market shakes off SEC drama
The crypto market doesn’t seem too worried about the SEC’s latest move.
In fact, things are green across the board.
Bitcoin and Ethereum both rose 2%, while Dogecoin rose 6%.
But it’s Aptos that has been in the spotlight, soaring 12% in the past 24 hours.
The total value of the cryptocurrency market is back at $2.13 trillion, an increase of 2% in the past day.
Spot trading volume is also strong at $77 billion.
This is in contrast to the sharp decline from Monday to Thursday of this week.
Bitcoin’s rebound from the $60,000 support seems to have given investors confidence.
Quinn Thompson, one of Lekker Capital’s investors, even thinks this is a great buying opportunity.
He said things are different this time and that it is “easy” to acquire Bitcoin at current prices.
However, the crypto fear and greed index is still in the realm of fear.
As a result, many investors remain on the sidelines, waiting for clearer signals before making their next move.
Crypto All-Stars’ MemeVault feature provides passive rewards for Meme Coin stakers
While investors are busy debating the whole SEC situation, new projects like Crypto All-Stars continue to impress.
The STARS ICO is gaining momentum and is approaching the $2 million mark.
This is impressive considering the market is still a bit volatile and shows investors are hungry for new ideas.
So why is everyone so excited about Crypto All-Stars?
This is mainly due to MemeVault, a platform that is causing a stir in the meme coin world.
Imagine you have a bunch of different meme coins like DOGE, PEPE, FLOKI, etc. inside your crypto wallet.
Instead of leaving them there, you can bet on MemeVault.
And the best part is that you can earn STARS tokens as a reward. After the ICO ends, you can hold onto it or trade it on the open market.
The exact yield will change over time, but the idea is simple. It’s about combining all these different meme coins under one reward system.
This setup can be revolutionary.
And the crypto community seems to think so, too, with thousands of people currently active in the Crypto All Stars Telegram group.
The STARS official Twitter page also boasts over 14,000 followers.
However, MemeVault is still in development and investors can only obtain STARS tokens through an ongoing ICO.
The current price of these tokens is $0.0014769 each.
Its price increases over time. So, assuming the token rises after its launch, the earliest investors will receive the lowest entry point.
Access the Crypto All Star ICO
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