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Riot Platforms’ research head Pierre Rochard has asserted that XRP is not a security despite many critics of the controversial Ripple-promoted coin claiming it is. Rochard, a longtime critic of Ripple, argues that XRP cannot be classified as a security because the San Francisco-based blockchain payments startup does not actually owe investors “utility or anything else.” “They are free to dump on you and you have no right to do anything about it other than join them in dumping XRP. That’s why XRP is not a security,” he opined. Responding to an X user, the mining exec noted that many “worthless” and “harmful” products do not qualify as securities. In July 2023, Judge Analisa Torres granted Ripple a partial victory after declaring in her summary judgement that secondary sales of the Ripple-linked token were not securities. Last Sunday, President Trump said he expects payments-focused XRP to be a part of the strategic digital assets reserve with other cryptocurrencies. Critics argue against XRP as a reserve asset by pointing out that it lacks the real-world presence and the decentralization of Bitcoin or Ethereum. Moreover, the Chicago Mercantile Exchange (CME) Group has not yet announced plans to list XRP futures, which is probably why skeptics are against the coin’s inclusion in the national reserve. Notably, the U.S. Securities and Exchange Commission (SEC) had approved ETFs investing in the CME-regulated BTC and ETH futures before greenlighting the spot BTC and ETH ETFs last year, trusting the exchange’s monitoring system to tackle potential price manipulation. In January, Rochard lambasted Ripple as the biggest obstacle to a Bitcoin-only strategic reserve since the company was aggressively lobbying against it. However, Ripple boss Brad Garlinghouse claimed that the company’s efforts were actually boosting the likelihood of a reserve that includes Bitcoin. The CEO has long advocated for a multi-asset US crypto reserve similar to the one announced by Trump on March 2. SEC Is Challenging XRP’s Classification Meanwhile, some believe including XRP in the reserve signals the imminent conclusion of the U.S. Securities and Exchange Commission’s ongoing enforcement lawsuit against Ripple. The SEC formally filed its appeal-related opening brief on January 15, challenging the court’s previous ruling on the programmatic XRP sales. Since pro-crypto Commissioner Mark Uyeda took over as acting Chair after former SEC Chair Gary Gensler’s exit, speculation has grown over a possible resolution of the Ripple case.

$ELX The world of cryptocurrency is constantly evolving, and the Elrond Network's native cryptocurrency, ELX, is no exception. As a decentralized platform that enables fast, secure, and scalable transactions, ELX has gained significant attention from investors and traders alike. Bitget, a reputable cryptocurrency exchange, lists ELX among its tradable assets, providing users with a seamless trading experience. In this article, we'll delve into the world of ELX on Bitget, exploring the key details, benefits, and risks associated with trading and investing in this promising cryptocurrency. *Key Details about ELX on Bitget* Before diving into the world of ELX on Bitget, it's essential to understand the key details surrounding this cryptocurrency. Here are a few crucial points to consider: 1. *Trading Pairs*: ELX is paired with other popular cryptocurrencies like USDT, BTC, and ETH on Bitget, providing users with a range of trading options. 2. *Deposit and Withdrawal*: Users can deposit and withdraw ELX coins on Bitget, subject to the exchange's fees and regulations. 3. *Spot Trading*: Bitget offers spot trading for ELX, allowing users to buy and sell the coin at market prices. 4. *Leverage Trading*: Bitget also provides leverage trading options for ELX, enabling users to trade with borrowed funds. *Benefits of Trading ELX on Bitget* Trading ELX on Bitget offers several benefits, including: 1. *Liquidity*: Bitget provides a liquid market for ELX, ensuring that users can buy and sell the coin quickly and efficiently. 2. *Security*: Bitget is a reputable exchange that prioritizes security, providing users with a safe and secure trading environment. 3. *Competitive Fees*: Bitget offers competitive fees for trading ELX, ensuring that users can maximize their profits. 4. *User-Friendly Interface*: Bitget's user-friendly interface makes it easy for users to navigate the platform and trade ELX with confidence. *Risks Associated with Trading ELX* While trading ELX on Bitget offers several benefits, it's essential to be aware of the risks associated with trading this cryptocurrency. Here are a few key risks to consider: 1. *Market Volatility*: The cryptocurrency market is known for its volatility, and ELX is no exception. Market conditions can change rapidly, resulting in significant price fluctuations. 2. *Liquidity Risks*: While Bitget provides a liquid market for ELX, there is always a risk that liquidity may dry up, making it difficult to buy or sell the coin. 3. *Regulatory Risks*: The regulatory environment for cryptocurrencies is constantly evolving, and changes in regulations may impact the price of ELX. 4. *Security Risks*: While Bitget prioritizes security, there is always a risk that the exchange may be hacked, resulting in the loss of funds. *Conclusion* Trading ELX on Bitget offers several benefits, including liquidity, security, competitive fees, and a user-friendly interface. However, it's essential to be aware of the risks associated with trading this cryptocurrency, including market volatility, liquidity risks, regulatory risks, and security risks. By understanding the key details, benefits, and risks associated with trading ELX on Bitget, users can make informed decisions and trade with confidence. Always remember to do your own research, set clear goals, and trade responsibly. *Disclaimer* Cryptocurrency trading involves risks, and market conditions can change rapidly. This article is for informational purposes only and should not be considered as investment advice. Always conduct thorough research and consult with a financial advisor before making any investment decisions.

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Weekly market outlook 📊 [10/03 - 16/03] 1. Oracle $ORCL Earnings - Monday 2. JOLTS Job Openings - Tuesday 🔴 3. U.S. CPI Inflation - Wednesday 🔴 4. Adobe $ADBE Earnings - Wednesday  5. U.S. PPI Inflation - Thursday 🔴 6. Initial Jobless Claims - Thursday 🔴 7. Consumer Sentiment - Friday 🔴 U.S. stock index futures fell on Monday as worries persisted that tit-for-tat tariffs could affect the world's largest economy, while electric-vehicle maker Tesla declined following a bearish brokerage forecast. In an interview on Sunday, President Donald Trump declined to predict whether the U.S. could face a recession, at a time when investors are concerned that his fluctuating trade policies on Mexico, Canada and China could dampen consumer demand and corporate investment. Investors are beginning to realize that Trump's policies might have negative consequences, even for people in the U.S. where the prospect of recession is now being talked up On Friday, investors took some comfort from Fed Chair Jerome Powell's comments that the economy was on a strong footing, but he also underscored the need for caution on lowering borrowing costs. The Federal Open Market Committee will convene next week and traders expect policy rates to be left unchanged for the first half of this year, according to data compiled by LSEG.  $BTC $ETH