TokenFi 價格TOKEN

Dogecoin Foundation's new corporate arm launches DOGE reserve with 10 million token purchase

There's not enough utility tokens out there that actually have utility. There should be a reason or benefits for holding the token, not that just price will go higher.

Ripple’s Chief Technology Officer, David Schwartz, has come out strongly against claims suggesting that XRP should be classified as a security under the International Monetary Fund’s (IMF) definition of utility tokens. The IMF recently released the seventh edition of its Balance of Payments and International Investment Manual (BPM7). This latest version is a significant update, being the first revision since 2009, and notably incorporates the growing role of cryptocurrencies in the global economy. However, in this update, the IMF’s attempt to categorize these digital assets has sparked controversy, especially concerning XRP. Related: XRP Not a Security: Ripple Celebrates Landmark Ruling, Warns of SEC Overreach Under this newly updated framework, the IMF classifies crypto assets by whether they create a financial claim or liability on the issuer. In this context, the IMF states that utility tokens, which include many altcoins, provide future access to goods or services and therefore should be classified as “debt securities.” This classification made some humorously predict that XRP could soon be permanently listed as a security. Interestingly, the IMF’s approach to categorizing utility tokens could potentially classify not only XRP but also other leading cryptocurrencies like Ethereum and Solana as “debt securities.” However, Ripple’s CTO, David Schwartz, doesn’t agree with this line of reasoning. He argued that if XRP fits this definition, then other major cryptocurrencies, such as Bitcoin and Ethereum, should also fall under the same category. “If XRP is a utility token or a security according to the IMF’s criteria because it can be used for future transaction fees, then Bitcoin and Ethereum should also be classified the same way,” Schwartz argued. Moreover, Ripple’s CTO also pointed out that, in his opinion, no major token really fits the IMF’s definition of a utility token. “I’m not sure what major token, if any, would be an example of that,” he said . This debate over XRP’s classification comes at a crucial time. Ripple is nearing the end of its ongoing legal battle, where the status of XRP was at the center of the dispute. Related: Ripple’s SEC Victory: Appeal Dropped, But SEC Silence Leaves “Officially Over?” Question Hanging Back in 2020, the U.S. Securities and Exchange Commission (SEC) filed a lawsuit against Ripple, alleging that the company’s sale of XRP violated securities laws. However, in 2023, District Judge Analisa Torres ruled that Ripple’s sales of XRP to the general public did not qualify as securities transactions. She did, however, find that the firm’s direct sales to institutional investors did violate securities regulations. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

The American president Donald Trump has boosted the value of his official crypto ($TRUMP) after publicly endorsing it on social media. This direct promotion of an asset held 80% by his affiliated companies raises significant ethical and constitutional questions. On Sunday morning, Donald Trump praised the $TRUMP token on his social network TruthSocial. At 10:33 AM Eastern time, he sent a message: “I LOVE $TRUMP! So cool! The best of all!!!!!!!!!!!!!“ This statement immediately triggered market reactions, driving the token’s price above $12.25. This crypto, based on the Solana blockchain, recorded a 7.7% increase over the day, reaching $11.67, according to CoinGecko data . However, despite this rise, the token remains down 84% from its all-time high of $73.4 set at its launch in January. Luis Buenaventura, crypto head at GCash, indicated to Decrypt that this price evolution reflects limited market enthusiasm for this token, even though investors perceive its potential to generate short-term profits. This direct presidential support for a crypto asset in which he indirectly holds a significant stake raises serious ethical questions. According to the project’s official documentation, the president’s affiliated companies, CIC Digital LLC and Fight Fight Fight LLC, collectively control 80% of the total token supply. Andrew Rossow, a lawyer specializing in digital media, identified three major constitutional issues related to this situation: This initiative is part of a broader strategy by President Trump, who promised during his campaign to make the United States a global leader in crypto. His plans include the establishment of a strategic bitcoin reserve and a reform of American monetary policy. Earlier this month, World Liberty Financial, another decentralized financial project associated with the Trump family, generated approximately $390 million in revenue through its second series of token sales. Representatives of President Trump did not immediately respond to requests for comments on these issues. Meanwhile, the U.S. Congress is preparing the MEME Act aimed at prohibiting political officials from issuing or promoting cryptos.

2/ Similarly, 22.0% to 43.1% of crypto participants expressed "bearish" or "somewhat bearish" sentiment towards crypto AI token prices.