Ripple CEO Brad Garlinghouse announced on Monday that he will address the Senate Banking Committee on the need to pass the crypto market structure legislation ahead of the House’s Crypto Week, scheduled for next week. The announcement failed to impact XRP’s price, which is down 0.7% over the past 24 hours.
The Securities & Exchange Commission (SEC) allegedly plans to introduce new listing standards for issuers to launch crypto exchange-traded funds (ETF), according to reports on Monday. The development comes as regulators asked potential Solana (SOL) ETF issuers to adjust and resubmit their filings before the end of July.
XDC edges higher by nearly 2% on Tuesday, printing its seventh consecutive bullish day. The uptrend nears the 200-day Exponential Moving Average (EMA), close to the $0.067 resistance level, last tested on June 11. Price action indicates a double bottom formation, with the $0.067 level serving as the neckline and the baseline at $0.057, excluding the price movements on June 22 and 23, outliers due to volatility spikes.
