The Ultimate Source for XRP News & Insights
Recognizing signs of an XRP scamPromises of guaranteed returns, fake celebrity endorsements, urgent investment deadlines, and requests for XRP transfers to “verify” your wallet are red flags signaling a potential…
Market trends and price movementsXRP’s price surged 25% in a week, fueled by bullish breakout patterns and renewed investor optimism, signaling a potential shift in market momentum and heightened trader…
Background of the SEC lawsuitIn December 2020, the U.S. SEC filed a lawsuit against Ripple Labs, alleging the company conducted a .3 billion unregistered securities offering by selling XRP tokens.Ripple's…
Regulatory developments affecting XRPGlobal regulators intensify scrutiny on XRP, with new frameworks emerging in Europe and Asia, potentially reshaping Ripple’s operations and influencing the cryptocurrency’s legal classification across key markets.Recent…
IRS guidelines for reporting XRPThe IRS treats XRP as property, requiring you to report every taxable event—like selling, trading, or spending it—on Form 8949 and Schedule D, including exact dates…
Key arguments in the SEC vs. Ripple caseLegal experts highlight the SEC’s focus on XRP as an unregistered security, while Ripple counters with claims of regulatory ambiguity and the token’s…
Legal framework for XRP in CanadaIn Canada, XRP is classified as a digital asset and is subject to securities and financial regulations. The Canadian Securities Administrators (CSA) oversee the regulatory…
Understanding XRP taxationCryptocurrency taxation can be complex, and XRP is no exception. In the U.S., the IRS treats XRP as property, meaning every transaction—whether buying, selling, or exchanging—can trigger a…
Understanding XRP taxationCryptocurrency taxation can be complex, and XRP is no exception. In many jurisdictions, XRP is considered a taxable asset, meaning transactions like purchases, sales, and trades may trigger…