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Riot Platforms’ research head Pierre Rochard has asserted that XRP is not a security despite many critics of the controversial Ripple-promoted coin claiming it is. Rochard, a longtime critic of Ripple, argues that XRP cannot be classified as a security because the San Francisco-based blockchain payments startup does not actually owe investors “utility or anything else.” “They are free to dump on you and you have no right to do anything about it other than join them in dumping XRP. That’s why XRP is not a security,” he opined. Responding to an X user, the mining exec noted that many “worthless” and “harmful” products do not qualify as securities. In July 2023, Judge Analisa Torres granted Ripple a partial victory after declaring in her summary judgement that secondary sales of the Ripple-linked token were not securities. Last Sunday, President Trump said he expects payments-focused XRP to be a part of the strategic digital assets reserve with other cryptocurrencies. Critics argue against XRP as a reserve asset by pointing out that it lacks the real-world presence and the decentralization of Bitcoin or Ethereum. Moreover, the Chicago Mercantile Exchange (CME) Group has not yet announced plans to list XRP futures, which is probably why skeptics are against the coin’s inclusion in the national reserve. Notably, the U.S. Securities and Exchange Commission (SEC) had approved ETFs investing in the CME-regulated BTC and ETH futures before greenlighting the spot BTC and ETH ETFs last year, trusting the exchange’s monitoring system to tackle potential price manipulation. In January, Rochard lambasted Ripple as the biggest obstacle to a Bitcoin-only strategic reserve since the company was aggressively lobbying against it. However, Ripple boss Brad Garlinghouse claimed that the company’s efforts were actually boosting the likelihood of a reserve that includes Bitcoin. The CEO has long advocated for a multi-asset US crypto reserve similar to the one announced by Trump on March 2. SEC Is Challenging XRP’s Classification Meanwhile, some believe including XRP in the reserve signals the imminent conclusion of the U.S. Securities and Exchange Commission’s ongoing enforcement lawsuit against Ripple. The SEC formally filed its appeal-related opening brief on January 15, challenging the court’s previous ruling on the programmatic XRP sales. Since pro-crypto Commissioner Mark Uyeda took over as acting Chair after former SEC Chair Gary Gensler’s exit, speculation has grown over a possible resolution of the Ripple case.

Pakistan explores blockchain for remittances and Web3 innovation Pakistan is investigating blockchain technology to streamline remittances, according to CoinDesk. Bilal bin Saqib, chief adviser to the finance minister and a member of the Pakistan Crypto Council (PCC), stated that the PCC aims to reduce costs and delays with blockchain-based solutions while also investing in blockchain education, upskilling programs and Web3 development. Additionally, the PCC is exploring tokenization of real-world assets and regulatory sandboxes while ensuring Financial Action Task Force (FATF) compliance. The country ranks among the top 10 in global remittance volumes.

What if this is a real US plan? Saylor will be liquidated, the US will receive all his collateral as BTC, and SBR will instantly get four times more BTC, owning 1 million BTC. No money will be spent on buying BTC for this.

After a brief spike in cryptocurrency prices due to President Trump's announcement about a US Strategic Crypto Reserve, there has been a rapid return to pre-announcement price levels. The crypto market, particularly Bitcoin, initially reacted positively to the news, but a report from CryptoQuant revealed that the real spot demand for Bitcoin is still in decline. The announcement led to a surge in prices, with Bitcoin increasing by 14% and other cryptocurrencies also spiking. However, these gains were quickly lost, and an influx of these digital assets flooded the market as traders sought to capitalize on the temporary price rise. Despite this, CryptoQuant maintains that Bitcoin requires a higher demand for a sustained price rally, despite any economic decisions made by the U.S. government.

4H EMA's: - Downtrend: 200 above 100 - Price is currently below - Crossed bearish early February, rejected multiple times since then and provided perfect resistance - Confluent with $BTC range lows aka Must Reclaim Area - No real uptrend will happen until we reclaim this - EMA's are also spaces apart and heavily pointing down, showing us we're in a sharp downtrend on the LTF