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XRP is down 3% in the early hours of Thursday as crypto community members anticipate that the Securities and Exchange Commission's (SEC) appeal of the ruling in its case with Ripple will likely not stand following latest developments under the new administration. Ripple vs. SEC case likely over with latest changes within the agency Crypto community members are speculating that the Ripple vs SEC case is potentially over, considering the latest developments in the agency. In a restructuring under acting Chair Mark Uyeda, the SEC is reducing its Crypto and Cyber Unit, which consists of over 50 lawyers and staff members, according to a New York Times report.$XRP Jorge Tenreiro, the former deputy chief of the Crypto and Cyber Unit and a top crypto litigator in the previous administration, was reassigned to the IT department, according to another report by the Wall Street Journal. Tenreiro was involved in over half a dozen lawsuits against crypto firms, including Ripple and Coinbase. He was moved alongside a lawyer who was "involved in writing controversial accounting guidelines" that prevented banks from providing custody services for digital assets, the report states. With such high-ranking crypto litigators reassigned, it's likely that the agency won't pursue its appeal against Ripple. The recent developments follow the departure of former Chair Gary Gensler from the agency, who spearheaded a "regulation by enforcement" system against the crypto industry. Meanwhile, SEC Commissioner Hester Peirce, head of the agency's new Crypto Task Force, published a statement on Tuesday highlighting new reforms concerning digital assets. Peirce stated that the task force will review crypto assets and activities to determine the ones that fall under securities classification. If the task force doesn't see XRP as a security, it will likely put an end to the SEC's appeal against Judge Analisa Torres's ruling in its case against Ripple. The agency argued that Judge Torres wrongly ruled that XRP sales to retail investors do not constitute securities. Ripple's XRP needs to hold support line of a wedge to stage a recovery XRP experienced $11.68 million in futures liquidations in the past 24 hours, per Coinglass data. The total amount of liquidated long and short positions accounted for $7.90 million and $3.78 million, respectively. XRP is trading within a descending broadening wedge pattern on the daily chart following its recent decline. This wedge is considered a bullish pattern and signals a potential reversal if XRP holds the lower boundary support line. If XRP bounces off the wedge's lower support line and overcomes the upper boundary line, it could rally to a new all-time high of $4.00. The level is obtained by measuring the distance between the highest and lowest point of the wedge and projecting it upward from a potential breakout level. However, the remittance-based token could face key hurdles near the 14-day Exponential Moving Average (EMA) and the $2.72, $2.95, $3.40 and $3.55 resistance levels. On the downside, XRP could find support at $1.35 if it sees a firm close below the wedge's lower boundary line. The Relative Strength Index (RSI), Stochastic Oscillator (Stoch) and Moving Average Convergence Divergence (MACD) momentum indicators are below their neutral levels, indicating dominant bearish momentum. A cross above the neutral level will strengthen the bullish thesis

The post Crypto News: SEC Judge Who Signed Off on Ripple Case Appeal Moves to IT Department appeared first on Coinpedia Fintech News The U.S. Securities and Exchange Commission (SEC) has made a significant shift in its personnel, moving its Chief Litigation Lawyer, Jorge Tenreiro, to a position in the IT department. This department handles the agency’s computer systems. The decision, reported by The Wall Street Journal on February 5, comes after Tenreiro was heavily involved in leading six high-profile lawsuits, particularly in the cryptocurrency space, against major firms such as Ripple, Coinbase, and Tron. Tenreiro was one of the SEC executives who approved the appeal against Ripple. The notice of appeal, filed on October 2, 2024, challenged the court’s ruling by Judge Torres. Background on Tenreiro’s SEC Role Tenreiro, who was promoted to head the SEC’s litigation efforts late last year, had previously been with the SEC’s crypto assets and cyber unit. He joined the unit in October 2022 as deputy chief and became acting chief in June 2023. Under the leadership of former SEC Chair Gary Gensler, Tenreiro played a pivotal role in overseeing enforcement actions targeting prominent cryptocurrency firms. The reassignment to the IT department has raised eyebrows in the crypto community, especially since Tenreiro’s actions and statements regarding the crypto sector have been met with increasing criticism. He was involved in aggressive enforcement against crypto-related companies, making him a central figure in the ongoing regulatory battle between the SEC and the industry. A Shift in SEC’s Crypto Enforcement Strategy? This change in Tenreiro’s position comes amidst growing speculation that the SEC may be reassessing its approach to crypto regulation. Many in the industry have voiced concerns over the SEC’s aggressive stance, which some critics have labeled as overreach. Ripple’s General Counsel, Stuart Alderoty, responded to the news humorously on Twitter and wrote, “Sources say Jorge Tenreiro has been reassigned to Macrodata Refinement.” #SEC #XRP

Fed's Barkin: Fed often suffers from cyber attacks Fed Chairman Barkin said during a fireside chat that the Fed is often attacked by cyber attacks. He also said that inflation is expected to continue to decline and the basic economic conditions of the United States are very he…

--- ### $J Coin: A Promising Contender in the Crypto Market 🚀 As we analyze the cryptocurrency market, $J Coin is emerging as a strong contender. With robust technology and a growing community, its prospects look bright for the next few weeks. #### Reasons to Be Bullish 🐂 1. **Increasing Adoption** 📈: The user base of $J Coin is expanding rapidly, driven by its real-world use cases. In the past month, the number of active users increased by 35%, reaching over 150,000. 2. **Technical Advancements** 💡: The development team is continually upgrading the coin's infrastructure. Recent updates have improved transaction times, now averaging 2.5 seconds, and enhanced security measures, reducing the risk of cyber threats by 50%. 3. **Strategic Partnerships** 🤝: $J Coin is forging partnerships with key industry players. Recently, collaborations with three major blockchain enterprises have increased its visibility and credibility. | Metric | Figure | |--------------------|-------------| | Active Users | 150,000+ | | Transaction Time | 2.5 seconds | | Cyber Threat Risk | -50% | | Strategic Partners | 3 | #### What to Expect 🔮 In the next few weeks, we predict a significant surge in $J Coin's adoption and price. As more investors and users join the ecosystem, we anticipate increased demand and a potential price breakout. Stay tuned and keep an eye on $J Coin as it continues to rise in the ranks of the cryptocurrency market! 🌟 --- Does this revised passage meet your needs? Let me know if there's anything else you'd like to adjust or add!

$J A Strategic Approach for $J" As $J ventures into Decentralized Physical Infrastructure Networks (DePIN), it's essential to acknowledge the execution risks associated with these projects. DePIN initiatives involve the convergence of physical and digital infrastructure, which can be complex and challenging to execute. To mitigate these risks, $J must adopt a strategic approach that prioritizes careful planning, robust risk management, and collaborative stakeholder engagement. Identifying Execution Risks in DePIN Projects Execution risks in DePIN projects can arise from various sources, including: 1. *Technical Complexity*: Integrating physical and digital infrastructure can be technically challenging, requiring specialized expertise and equipment. 2. *Regulatory Uncertainty*: DePIN projects often involve navigating complex regulatory environments, which can be uncertain and subject to change. 3. *Scalability and Interoperability*: DePIN projects require scalable and interoperable solutions that can accommodate diverse infrastructure and technology ecosystems. 4. *Cybersecurity*: DePIN projects involve the convergence of physical and digital infrastructure, which can create new cybersecurity risks and vulnerabilities. 5. *Stakeholder Management*: DePIN projects often involve multiple stakeholders, including investors, regulators, and community groups, which can create complex management and coordination challenges. Mitigating Execution Risks in DePIN Projects To mitigate execution risks in DePIN projects, $J can adopt the following strategies: 1. *Conduct Thorough Risk Assessments*: Conduct comprehensive risk assessments to identify potential execution risks and develop strategies to mitigate them. 2. *Develop Robust Project Plans*: Develop detailed project plans that outline clear objectives, timelines, and resource allocations. 3. *Establish Collaborative Stakeholder Engagement*: Foster collaborative relationships with stakeholders, including investors, regulators, and community groups, to ensure that their needs and concerns are addressed. 4. *Invest in Specialized Expertise*: Invest in specialized expertise and equipment to ensure that DePIN projects are executed with the required technical proficiency. 5. *Prioritize Scalability and Interoperability*: Prioritize scalability and interoperability in DePIN project design and execution to ensure that solutions can accommodate diverse infrastructure and technology ecosystems. 6. *Implement Robust Cybersecurity Measures*: Implement robust cybersecurity measures to protect DePIN projects from cyber threats and vulnerabilities. 7. *Monitor and Evaluate Progress*: Continuously monitor and evaluate progress in DePIN projects to identify areas for improvement and optimize execution strategies. Conclusion Mitigating execution risks in DePIN projects requires a strategic approach that prioritizes careful planning, robust risk management, and collaborative stakeholder engagement. By adopting the strategies outlined in this article, $J can minimize execution risks and ensure the successful delivery of its DePIN projects. Recommendations Based on the analysis, we recommend the following: 1. *Conduct Regular Risk Assessments*: Conduct regular risk assessments to identify potential execution risks and develop strategies to mitigate them. 2. *Develop Comprehensive Project Plans*: Develop comprehensive project plans that outline clear objectives, timelines, and resource allocations. 3. *Foster Collaborative Stakeholder Engagement*: Foster collaborative relationships with stakeholders, including investors, regulators, and community groups, to ensure that their needs and concerns are addressed. 4. *Invest in Specialized Expertise*: Invest in specialized expertise and equipment to ensure that DePIN projects are executed with the required technical proficiency. 5. *Prioritize Scalability and Interoperability*: Prioritize scalability and interoperability in DePIN project design and execution to ensure that solutions can accommodate diverse infrastructure and technology ecosystems.