Breaking Crypto News

Welcome to our weekend Breaking Crypto News. With so much happening in recent months it's getting harder to keep up with what's occurring so I am adding a weekly Breaking News segment to keep you up to date with the news that's important!

XRP community rallies for a win based on past case

The XRP Community came to life at the end of the week as a past decision against the SEC in a similar situation came to light.

The information surrounds a similar occurrence with investment when Rio Tinto was accused by the SEC of failing to supply accurate information about it's coal mine valuation.

The judge ruled against the SEC in that instance stating that the alleged actions and conduct of the scheme liability were misstatements or omissions so no scheme liability claims were valid.

There is further information circulating that the SEC and Ripple are close to cutting a deal and while the news sounds great for Ripple it will have bigger net wins for the broader crypto market. What will it mean for XRP itself? We will have to wait and see but lets hope XRP doesn't become the sacrificial lamb and it's business now ruined.

Floki and Pepe Suspension

Two new meme coins have taken the Crypto world by storm but only for a short period of time as Floki and Pepe receive a suspension from Binance and have been pulled from trading pairs on the trading exchange.

FLOKI/USDT, FLOKI/TUSD, PEPE/USDT, and PEPE/TUSD pairs were created on Binance only recent and their operating didn't last a day being pulled despite Pepe already amassing 1 Billion Market Cap.

Weak on Regulation but Strong on Tax

The US white house has released a report that will now propose to charge Crypto miners a 30% tax which is the highest mining tax in the mining sector. Fossil fuel and every other mining company doesn't get taxed but digital miners are now expected to pay 30% tax.

I guess everyones scamming crypto these days and the white house wanted in on the action, why buy your own rigs when you can just get someone to pay you for doing it.

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