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  • Writer's pictureDavid Manion

Ripple bullish after SEC win, DigiToads presale attracts crypto whales.


Ripple bullish after SEC win, DigiToads presale attracts crypto whales.
Ripple bullish after SEC win, DigiToads presale attracts crypto whales.

The world of cryptocurrencies is often marked by exciting developments that attract the attention of seasoned investors. One such development is the recent U.S. federal judge ruling that Ripple Labs Inc. did not violate federal securities law by selling its XRP token on public exchanges. This ruling is a significant win for Ripple, which had been accused by the Securities and Exchange Commission (SEC) of selling XRP as an unregistered security. The price of XRP has seen a positive impact since the lawsuit. Additionally, DigiToads (TOADS), a memecoin with ambitious goals, has recently garnered attention from crypto whales due to its highly successful presale.


DigiToads stands out among other crypto platforms due to its innovative TOAD Economics model, which offers various revenue streams for TOADS token holders. This model fosters long-term engagement and value appreciation, as 2% of TOADS tokens are added to the staking rewards pool with each transaction.


By staking their TOADS tokens and participating in the ecosystem, investors not only contribute to its stability but also earn additional rewards. This makes it an attractive investment opportunity for crypto whales seeking profitable ventures.


DigiToads also caters to the gaming community by integrating NFTs and immersive gameplay. Players can collect, trade, and train their TOADS NFTs within the DigiToads gaming ecosystem. The ability to battle, breed, and upgrade their DigiToads creates a captivating gaming experience, incentivizing players to engage actively and strategically in the game. This drives the demand for TOADS NFTs and contributes to the ecosystem's growth.


In addition, DigiToads is committed to environmental sustainability. The project allocates 2.5% of all profits to charities focused on reforestation efforts in the Amazon rainforest. This demonstrates DigiToads' dedication to creating a positive environmental impact and aligning its goals with the broader mission of sustainability. This commitment not only attracts individuals who prioritize eco-friendly investments but also highlights DigiToads' responsible and ethical approach to crypto projects.


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Ripple bullish after SEC win, DigiToads presale attracts crypto whales. Ripple beats the SEC

The recent legal victory against the U.S. Securities and Exchange Commission (SEC) has brought a renewed sense of optimism for Ripple's future. The outcome of the case has strengthened Ripple's position, affirming its stance and raising hopes for a more favorable regulatory environment. Ripple bullish after SEC win, DigiToads presale attracts crypto whales.


Judge Analisa Torres found that the SEC had failed to provide sufficient evidence to classify XRP as a security. Torres acknowledged that the SEC's definition of a security was overly broad and could potentially encompass digital assets that do not meet the criteria of securities.


This ruling represents a significant setback for the SEC, which has been actively pursuing enforcement actions against cryptocurrency companies. The SEC has argued that various cryptocurrencies, including XRP, should be classified as securities, requiring issuers to register with the agency and comply with securities laws.


Furthermore, the ruling is expected to have a substantial impact on the price of XRP. Following the announcement, the token's value surged by over 75%. Although the Ripple case is still ongoing, the SEC has the option to appeal the ruling. Nevertheless, this ruling is a major victory for Ripple and the cryptocurrency industry as a whole.


Conclusion

The recent Ripple ruling is expected to have a significant impact on the cryptocurrency industry. Other companies in the industry may be encouraged to challenge the SEC's enforcement actions, and it may also pose a challenge for the SEC to bring future cases against cryptocurrency issuers.


DigiToads (TOADS) has garnered the attention of crypto whales due to its highly successful presale, with over 367 million tokens sold, accounting for approximately 97.6% of the allocated presale tokens. The current token price of $0.047 per token suggests that the project is on an early growth trajectory and has the potential to attract a substantial following.


Disclaimer: This is a paid release that was not written by Crypto Online News. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of Crypto Online News. Crypto Online News does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.

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