Ripple CEO urges Democrats to take action on SEC Chair Gensler’s “unlawful war on crypto”

• 
  Ripple
  CEO
  Brad
  Garlinghouse
  called
  the
  majority
  of
  Democrats
  to
  take
  notice
  of
  SEC’s
  war
  on
  crypto
  during
  a
  roundtable
  on
  Wednesday. 
• 
  The
  event
  brought
  together
  Coinbase
  CLO,
  key
  congressional
  leaders,
  and
  Garlinghouse,
  and
  called
  attention
  to
  American
  innovation
  and
  crypto. 
• 
  XRP
  hovers
  around
  $0.45,
  adding
  0.50%
  to
  its
  value
  on
  Thursday. 

Ripple
(XRP)
CEO
Brad
Garlinghouse
spoke
at
a
crypto
roundtable
event
on
Wednesday.
The
Ripple
executive
slammed
Democrats
for
not
taking
notice
of
the
Securities
and
Exchange
Commission
(SEC)
Chair
Gary
Gensler’s
enforcement
actions
on
crypto. 

Garlinghouse
addressed
a
gathering
that
included
Mark
Cuban,
Coinbase
CLO
Paul
Grewal,
and
key
US
Congressional
leaders. 

There
was
no
further
update
in
the
SEC
vs.
Ripple
lawsuit
and
XRP
hovers
around
$0.45,
at
the
time
of
writing. 

Daily
Digest
Market
Movers:
Ripple
executive
slams
democrats
for
lack
of
engagement
with
the
crypto
industry

• 
  Ripple
  executive
  Brad
  Garlinghouse
  thanked
  the
  crypto
  roundtable
  participants,
  early
  on
  Wednesday
  morning,
  after
  addressing
  a
  gathering
  that
  brought
  together
  several
  US
  Congressional
  leaders
  and
  the
  Coinbase
  CLO
  Paul
  Grewal. 
• Garlinghouse
  slammed
  the
  Democrats
  for
  “enabling”
  what
  he
  refers
  to
  as
  an
  unlawful
  war
  on
  crypto. 
• According
  to
  the
  
  Ripple
  CEO,
  the
  SEC
  Chair
  has
  sabotaged
  the
  ability
  of
  Americans
  to
  innovate. 
• Garlinghouse
  noted
  that
  Republicans
  have
  announced
  a
  pro-crypto
  stance
  and
  called
  out
  voters
  to
  take
  note
  of
  the
  issue
  that
  affects
  crypto
  traders
  in
  the
  US. 

• The
  SEC
  vs.
  Ripple
  ruling
  is
  expected
  in
  July.
  Judge
  Analisa
  Torres
  will
  rule
  on
  a
  key
  issue,
  the
  fine
  to
  be
  imposed
  on
  Ripple
  for
  alleged
  securities
  law
  violation.
  While
  the
  SEC
  quoted
  $102.6
  million
  in
  its
  last
  letter,
  Ripple
  has
  put
  forward
  a
  $10
  million
  figure. 
• XRP
  traders
  are
  closely
  watching
  the
  SEC
  vs.
  Ripple
  lawsuit
  and
  the
  US
  Presidential
  election,
  with
  CEO
  Brad
  Garlinghouse’s
  recent
  comments
  on
  Democrats. 

Technical
analysis:
XRP
extends
gains
to
$0.45

Ripple
is
in
an
upward
correction.
The
altcoin
extends
gains
on
Thursday,
rallying
to
$0.4509
at
the
time
of
writing.
Ripple
could
rally
towards
the
next
key
resistance
at
$0.4760,
the
July
2
low.
This
marks
a
5.55%
increase
in
XRP
price. 

The
Moving
Average
Convergence
Divergence
(MACD)
indicator
shows
that
MACD
line
is
about
to
cross
above
the
signal
line.
If
this
occurs,
it
would
support
a
bullish
thesis
for
Ripple. 

XRP/USDT
daily
chart

Ripple
could
find
support
at
$0.4032,
the
July
8
low,
and
$0.3823,
the
July
5
low.