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SEC Commissioner Joseph Grundfest voiced his fears, stating, "The staff members has articulated no materials difference between the Procedure of Ether and of XRP that's suitable to the application of the federal securities guidelines.

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The SEC inspector basic's report might have major implications for Ethereum and XRP. Should the report confirms conflicts of interest or bias inside the SEC's steps, it could lead to reevaluation of how these cryptocurrencies are controlled.

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Moreover, When you've got large names like BNY Mellon included, it really sets a standard that other cryptocurrencies will wish to adhere to if they ever hope to interrupt into mainstream acceptance.

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Traditionally, this green pattern is a good foundation for the duration of industry rallies, and it’s envisioned to complete a similar now, potentially marking a neighborhood base for TRX's price.

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