Cryptocurrencies received some good news on Thursday when a court ruling was made in the case of Securities and Exchange Commission (SEC) vs Ripple. The judge ruled that XRP was not a security, sending the token soaring by more than 70% and pushing Bitcoin closer to its year-to-date high. Investors also allocated funds to token sales, particularly the second stage of the AltSignals token sale.
The SEC had filed a lawsuit against Ripple Labs and its executives, alleging that the company had violated capital raising laws and that XRP was a token. However, the judge ruled that while Ripple Labs had broken some laws, XRP was not a financial security. This could have major implications for how the SEC regulates cryptocurrencies, as well as opening the door for financial services companies to include Ripple in their ETF proposals.
At the same time, US inflation is falling, with the Bureau of Labor Statistics reporting that the headline consumer inflation fell to 3%. If this trend continues, consumer inflation could be at the Federal Reserve’s target of 2.0% within the next few months. This could be good news for cryptocurrencies, as the Fed could end its recent rate hiking cycle.
The AltSignals token sale gained traction, with 52.3% of the second stage tokens sold, raising over $1.17 million. The company is using artificial intelligence to provide accurate predictions in the crypto, futures and forex markets. It already has thousands of customers from around the world and positive reviews, so the developers hope to boost its performance with AI.
Overall, Thursday’s ruling and falling US inflation could create the perfect conditions for a strong rally in the crypto market. Investors should consider buying AltSignals tokens, as the company is already profitable and its platform has excellent user reviews.
