Ripple Labs CEO Brad Garlinghouse has slammed the Securities and Exchange Commission (SEC) for its “absurd” remarks about the recent ruling in the SEC’s case against Ripple. The SEC had argued that Ripple’s sales of XRP constituted an unregistered securities offering. However, U.S. District Judge Analisa Torres ruled in favor of Ripple, finding that XRP is not a security. In the wake of the ruling, the SEC has said that it is considering appealing the decision. However, Garlinghouse has accused the SEC of “blaming the judge for simply applying the law.” The outcome of the SEC’s case against Ripple could have far-reaching consequences for the cryptocurrency industry.
However, amidst the chaos, investors are holding strong in their confidence in the presale, which has been making waves in the crypto market. Let’s explore the growing momentum of the DigiToads presale and why investors remain confident in its prospects.
SEC’s “Absurd” Remarks Spark Ripple CEO’s Backlash
“The SEC’s remarks are absurd,” Garlinghouse said in a tweet. “The judge applied the law as it is written, and the SEC is now trying to rewrite the law after the fact.” Garlinghouse also emphasized the need for clear rules through legislation, rather than “regulation by enforcement.” “The SEC needs to stop its ‘regulation by enforcement’ approach and work with Congress to create clear rules for the crypto industry,” Garlinghouse said. The SEC’s comments have further heightened the uncertainty surrounding the regulatory landscape for digital assets in the United States. It remains to be seen whether the SEC will appeal the ruling, and if so, how the case will ultimately be decided. However, Garlinghouse’s comments suggest that Ripple is prepared to fight the SEC’s efforts to regulate XRP as a security. If the SEC is successful in appealing the ruling, it could set a precedent that would make it more difficult for other cryptocurrency projects to raise capital. However, if the ruling is upheld, it could provide much-needed clarity for the industry and help to attract more institutional investors.Presale Shows Strong Demand as Investors See Long-Term Potential
The DigiToads presale has witnessed an overwhelming demand, reflecting investors’ belief in the long-term potential of this emerging cryptocurrency. With an impressive total of $6.5 million raised so far, the presale has proven to be a promising start for the DigiToads ICO offering. Currently in stage 10, the presale has seen significant price growth, with the current price of 1 TOADS standing at $0.05, resulting in a remarkable 400% increase in value. As the presale progresses towards its culmination, the excitement builds up for the official token launch on August 21, 2023, where it is expected to reach an even more substantial price point of $0.055, marking an extraordinary 450% increase in value. One of the key factors driving the appeal of DigiToads is its well-planned tokenomics. With a total supply of 585 million tokens, the allocation is strategically structured to support various aspects of the project’s growth and development. Notably, 69.29% of the token supply (equivalent to 405.35 million tokens) is exclusively reserved for the presale phase, ensuring that early supporters and investors have ample opportunity to secure their stakes. In addition to that, 13.16% of the tokens (76.99 million) are dedicated to Community Growth & Liquidity, fostering a vibrant and engaged community while ensuring sufficient liquidity for the token. Moreover, 7.29% (42.66 million tokens) have been set aside for Competitions & prizes incentivizing participation and engagement within the DigiToads ecosystem. One of the unique features of DigiToads is its NFT Staking, which has garnered immense interest among investors. NFT staking enables users to earn rewards by staking their TOADS tokens and participating in the growth of the NFT marketplace. As NFTs continue to gain popularity in the crypto space, DigiToads’ NFT staking offers investors a compelling opportunity to not only hold their tokens but also actively participate in the ecosystem and earn rewards for their contributions. Overall, the strong demand observed during the DigiToads presale, along with its well-structured tokenomics and innovative NFT staking feature, solidify its position as the best cryptocurrency to buy now.Conclusion
In conclusion, as Ripple Labs’ CEO fiercely criticizes the SEC’s “absurd” remarks, the crypto community remains vigilant and confident in the potential of DigiToads (TOADS) presale. With its impressive $6.57 million raised, DigiToads has emerged as an alluring option, particularly for beginners seeking the best crypto investment. As the presale continues to make strides towards its launch date, investors are actively accumulating TOADS at the current DeFi coin price.Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of NewsBTC. NewsBTC does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.
