Ruling against the US regulator causes the value of bitcoin to rise

The price of bitcoin rose this Thursday (13) to its highest level in thirteen months, following the publication of a ruling against the United States market regulator, a precedent seen by some as favorable for cryptocurrencies.

The price of bitcoin rose this Thursday (13) to its highest level in thirteen months, following the publication of a ruling against the United States market regulator, a precedent seen by some as favorable for cryptocurrencies.

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The world's main digital currency, whose global capitalization exceeds US$600 billion (R$2,88 trillion), reached the level of US$31.818 (R$152.828) per bitcoin.

Major cryptocurrencies rose in tandem, including Ethereum and its unit Ether, which gained more than 6% in just a few minutes.

A Manhattan federal judge on Thursday partially dismissed a lawsuit filed by the Securities and Exchange Commission (SEC) against the creators of the XRP cryptocurrency, Ripple Labs, accused of having marketed their currency without previously registering it with Wall Street.

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The SEC has argued for several years that some digital currencies are securities, like stocks or bonds, and are therefore subject to review as an investment product, a position widely held. questionthere is.

Judge Analisa Torres considered that this argument could not be applied to individuals who purchased XRP, although she ruled in favor of the SEC in relation to institutional investors.

This decision is a setback for the SEC, which brought to justice Binance, the largest cryptocurrency exchange platform in the world, and Coinbase, the largest US player in this market.

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Critics of this trend, including lawmakers in Congress, accuse the entity of wanting to fit a new technology into an old and inappropriate regulatory framework.

Consulted by AFP, the SEC did not comment on the sentence.

This decision boosted the entire cryptocurrency and blockchain sector, the technology on which digital currencies are based.

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Coinbase rose 24,49% in Thursday's Wall Street session, while Block, an online payments specialist active in the blockchain field, rose 6,99%.

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