Ripple’s legal showdown with the Securities and Exchanges Commission is heating up, with both factions pushing their appeals against last year’s ruling by Judge Analisa Torres. While the SEC is challenging the ruling that XRP programmatic sales don’t qualify as securities transactions, Ripple wants institutional sales decategorized as securities transactions. Meanwhile, new utility memecoin Yeti Ouro (YETIO) is showing bullish momentum in its ongoing presale, breaking $2 Million in funds raised. Investors are now seizing the opportunity to claim a limited-time 20% bonus on YETIO tokens, available until January 31st.
XRP News: The Ripple-SEC Showdown Heats Up
It’s been over four years since the SEC first sued Ripple for securities violations for sales of its XRP token. In 2024, the case seemed destined for a conclusion, with Judge Torres making some rulings, many of which favored Ripple. However, the SEC hasn’t given up yet, and before chairman Gary Gensler left his post, the agency filed appeals at the US Court of Appeals for the Second Circuit, arguing that Judge Torres erred in her classification of retail sales.
The crux of the SEC’s argument is that institutional sales and retail sales should not be treated differently. In her ruling, Judge Torres had determined that retail sales didn’t violate securities laws, but the agency wants the appellate court to reverse this ruling.
In its filing, the SEC argued that separating the two groups of investors “is inconsistent with Howey’s objective investor standard. And it contravenes a fundamental premise of the federal securities laws—that less sophisticated investors are no less deserving of protection than sophisticated investors.”
(Source: James Filan)
Ripple, on the other hand, is pushing to have institutional XRP sales also cleared, just like the retail sales. In its most recent filing, the California company sought an April 16 deadline for its cross-appeal brief.
Meanwhile, XRP continues to shine. After starting the week in the red, XRP price picked up momentum on Tuesday, gaining 9% to trade at $3.18 as per CoinMarketCap data. This brings the token’s gains this month to 49%, adding $67 billion to its market cap.
Since surging two weeks ago as Trump took over the US presidency, the token has been trading in a descending wedge pattern, only breaching the upper trendline this week, which analysts say sets it up to hit $3.967 by early February.
(Source: Trader Mario).
Yeti Ouro Races Past $2 Million In Presale
Yeti Ouro has been one of the standout new crypto projects, with thousands of investors rushing to invest in the token’s ongoing presale in anticipation of massive gains once the YETIO token debuts on exchanges. The project has raised over $2 million, selling over 150,000,000 tokens and completing 50% of the presale. Yeti Ouro is emerging as a serious challenger, with some predicting a $10 price point in the upcoming months. This ambitious projection is based on its fast-expanding ecosystem, and presale success. Having been audited by SolidProof, a reputable company, confirms the project’s reliability and trust for investors to invest into. This has helped to strengthen its legitimacy and investors taking notice of its outstanding fundraising success and strong security policies.
Yeti Ouro has initiated a 20% bonus on all purchases from 29th to 31st January marking the Chinese New Year. This has created a buzz in the crypto market causing investors to increase their Yeti Ouro holdings before the bonus round is over.
Yeti Ouro’s biggest appeal is Yeti Go, a play-to-earn game that offers thrilling and engaging destructive PvP racing, where players must outwit, plot against and attack each other to emerge victorious. Yeti Go is built using the Unreal Engine, making it fully immersive by a team of avid gamers in partnership with a company that has had a hand in developing successful titles such as Call of Duty, Spiderman and The Witcher.
Here is a glimpse into the level 1 map of the game.
The Yeti Go team has been hard at work polishing the game up, including integrating cutting-edge sound techniques for a fully immersive auditory experience, implementing new maps with unique layouts and themes, and creating stunning concept art and 3D models for the game’s characters. Leading in this developing industry is Yeti Ouro because of its capacity to streamline this procedure as well as its presale momentum.
Yeti Go is powered by the YETIO token, whose supply is capped at one billion tokens, with 5% allocated to the token-burning mechanism to reduce the supply and increase the value over time. Investors seeking a high-potential initiative with robust security protocols, Yeti Ouro is a top contender.
Youtube video by analyst suggests $YETIO to be the next 100.
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