Key Highlights From Ripple CEO's '60 Minutes' Interview; Top Trader Thinks XRP Is Preparing for Round 2; 121 Billion PEPE Stun Binance: Cryp...

Top Crypto News of the Day

1. Ripple CEO's "60 Minutes" Interview: Highlights

• Ripple CEO Brad Garlinghouse emphasized the need for clear regulatory guidelines in the crypto industry, rather than deregulation.
• He highlighted the FIT 21 bill, which aims to establish a regulatory framework for digital assets.
• Former SEC official John Reed Stark criticized cryptocurrency as a "scourge" and argued for its classification as securities.
• Garlinghouse countered that current securities laws are inadequate for digital assets.
• Garlinghouse criticized "60 Minutes" for omitting his statement that XRP is not a security.

2. XRP Poised for "Round 2" of Gains, Says Market Expert

• XRP has experienced significant price growth recently.
• Expert "DonAlt" anticipates further gains, despite XRP's recent surge of over 470%.
• Market participants speculate on the possibility of XRP surpassing Ethereum or even Bitcoin in valuation.

3. Massive PEPE Transaction on Binance Raises Eyebrows

• A smart trader deposited 121.75 billion PEPE tokens to Binance, valuing the transaction at approximately $3.22 million.
• The trader reportedly made a profit of $2.13 million, a 197% increase in just 2.5 months.
• Despite a broader market sell-off, PEPE has shown resilience, although it has declined by 4.97% in the past 24 hours.
• Traders await the Federal Reserve's policy meeting on December 17-18, with expectations for a rate decrease now at 85% due to market uncertainty.