Ripple To Rebrand as Tsunami After XRP Surges Post SEC Lawsuit
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Crypto company Ripple has announced its upcoming rebrand to ‘Tsunami’ following a surge in XRP after the Securities and Exchange Commission dropped its lawsuit against the company.
“Ripple just really doesn’t suit us anymore,” explained CEO Brad Garlinghouse (yes, that’s his real name). “We thought about ‘Wave’ but that’s too small. No, we needed something that reflects our recent success, something with a much higher death toll, so we’ve gone with Tsunami.”
Ripple’s coin XRP was already on the up as one of the major beneficiaries of Trump’s second term, boosting 400% since the election even though that’s impossible because percent is out of 100.
Donald Trump also said in a Truth Social post that he would create a strategic crypto reserve which would include XRP. This reserve would act a lot like the gold reserve, as in it would be completely pointless.
Now adding to Ripple’s wins, the SEC has dropped their four-year lawsuit and XRP has received another 20% boost. Crazy times.
The lawsuit initially began when the SEC accused Ripple of trading XRP before the coin was registered but now they don’t really care I guess.
This comes alongside other similar recent laxes. The SEC has dropped their case against Coinbase, Robinhood, Uniswap, Gemini, Consensys and Wall Street Memes, thank god. The SEC also redefined meme coins as not securities but just a bit of fun, lol.
It’s almost as if there’s been some kind of political sea change or something.
For more crypto news read this article, why not? It’s not like you have anything better to do today: Area Man Discovers He’s Been Pronouncing “Crypto” Wrong His Entire Life
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