Amid the Trump tariffs and calls for rate cuts, Federal Reserve Chair Jerome Powell has met with US President Donald Trump for the first time in the president’s second term. Trump has heavily criticized Powell these past few weeks, while urging the Fed Chair to cut interest rates. Jerome Powell Meets With Donald Trump According to a Federal Reserve statement, the Fed Chair met with Trump today at the White House at the president’s invitation. The duo discussed economic developments, including growth, employment, and inflation. The statement noted that Jerome Powell didn’t discuss his expectations for monetary policy, except for emphasizing that the path of policy will depend entirely on incoming economic information and what that means for the outlook. Meanwhile, the Fed Chair also mentioned that he and his colleagues on the FOMC will set monetary policy, as required by law, to support maximum employment and stable prices. They… Read More at Coingape.com
Ripple’s Chief Legal Officer, Stuart Alderoty, took to X (formerly Twitter) today to share that Ripple has sent an additional letter to the U.S. SEC’s Crypto Task Force. The letter responds to a recent speech by SEC Commissioner Hester Peirce titled “New Paradigm,” where she raised an important question: When does a cryptocurrency stop being part of an investment contract and become just a digital asset?
In their letter, Ripple thanked the SEC team for meeting with them on May 20, 2025, and offered further thoughts on the issue. Ripple argued that most cryptocurrencies traded today are not securities. They pointed to legal analysis from Lewis Cohen and others, which says that when crypto tokens are sold in secondary markets — like exchanges — they usually don’t meet the legal definition of a security.
Today, @Ripple submitted an additional letter to the SEC’s Crypto Task Force addressing a key question from Commissioner Peirce’s “New Paradigm” speech: When does a digital asset separate from an investment contract?
We appreciate the continued engagement with the Task Force.…
Ripple also opened up about last year’s court ruling by Judge Torres in the SEC’s lawsuit against Ripple. The judge decided that while some of Ripple’s early XRP sales to big investors counted as investment contracts, the XRP token itself is not a security when sold in secondary markets.
Ripple acknowledged the SEC’s concern about bad actors misusing crypto markets but said it’s up to Congress, not the SEC, to change the laws. They warned against vague rules like deciding if a token is “fully functional” or “sufficiently decentralized”, as these can confuse the market.
Instead, Ripple suggested a clearer legal framework. For example, if a crypto token was once sold as part of an investment contract, it should be considered separate from that contract when:
Any promises made by the issuer to the original buyer have been fulfilled.
The current holder has no legal rights to demand anything from the issuer.
Ripple also proposed a safe harbor rule to protect honest crypto projects that are still developing, helping them avoid legal risks while following clear guidelines.
Additionally, Ripple recommended using the maturity of a crypto network — how big and established it is — rather than vague ideas like decentralization, to decide whether it should still be regulated as a security. They suggested that tokens on open, permissionless networks with a large market value, operational for years, and without one party having control, should no longer fall under securities laws.
The post XRP News: Why Did Ripple Submit An Additional Letter To Crypto Task Force? appeared first on Coinpedia Fintech News
Ripple’s Chief Legal Officer, Stuart Alderoty, took to X (formerly Twitter) today to share that Ripple has sent an additional letter to the U.S. SEC’s Crypto Task Force. The letter responds to a recent speech by SEC Commissioner Hester Peirce titled “New Paradigm,” where she raised an important question: When does a cryptocurrency stop being …
Fartcoin price has become one of the best-performing cryptocurrencies this month. It has surged by over 170% in the last 30 days, outperforming the stock market and top coins like Bitcoin and Ethereum. Fartcoin is still showing bullish signs, a trend that may be boosted if Solana price surges to $200.
Fartcoin Price Would Benefit if Solana Surges to $200
The ongoing Fartcoin surge has triggered more upside for some popular Solana meme coins. Dogwifhat has jumped by 37% in the last seven days, while Popcat, Cat in a dogs world, and Gigachad have soared by 20% and 50%, respectively.
The rally has also sparked a substantial Solana price comeback. After bottoming at $94.5 earlier this month, SOL has soared by 40% to $135, outperforming comparable tokens like Cronos and Avalanche.
This Solana rally has excited some crypto investors, some whom expect it to rebound to $200 eventually. Such a move would signal a 50% surge from the current level. Such a rebound is possible since the coin has a history of dropping and rising over time.
For example, Solana price crashed to $168 on January 13 and then recovered by 75% to $295 a few days later. Also, as shown below, Solana plunged to $109 in August last year and then soared by 140% to $265 a few months later.
A renewed Solana surge would be highly bullish for meme coins in its ecosystem like Fartcoin, Bonk, and Dogwifhat.
Solana Price Chart
Fartcoin Technical Analysis and Key Targets
Fartcoin price has soared after bottoming at $0.19 in March. It has soared by over 300%, making it the best-performing major coins in the market, and pushing its market cap close to the $1 billion mark.
The token moved above the key resistance point at $0.6345 on April 9. This was a notable level since it was the upper side of the cup and handle pattern, a highly accurate continuation sign.
This C&H pattern had a depth of 71%. The coin has now moved above the 25-day Exponential Moving Average (EMA), which is a bullish sign.
Therefore, measuring 71% from the upper side of the cup brings the target price at $1.0730, which also coincides with the 61.8% Fibonacci Retracement level. That target would be a 20% above the current level. A move above that target would point to an increase to the 50% retracement point at $1.3732. A recent CoinGape article quoted an analyst who predicted that Fartcoin would soar to $1.29.
Fartcoin Price
The bullish Fartcoin price forecast will be canceled if the price drops below the crucial support at $0.6345, the upper side of the cup. It would signal a potential drop to the lower side of the cup at $0.2125.
