Crypto Roundup by U.Today

U.Today is here with your rundown of the top three news stories from the past day.
Ripple CEO on XRP Sales: “Maybe We Won’t Be Selling as Much”
In a recent interview with Bloomberg’s Sonali Basak, Ripple CEO Brad Garlinghouse addressed the ongoing discussion surrounding the company’s XRP sales. He suggested that Ripple might reduce these sales in the future. “You know, at some point, maybe we won’t be selling as much,” he remarked to Basak. Garlinghouse pointed out the seemingly contradictory nature of criticisms leveled at Ripple. He explained that while some accuse the company of hoarding too much XRP, others criticize them for selling too much. “But right now, frankly, we get criticized for owning too much, and then we’re criticized for selling some,” he stated. The CEO also described XRP as “slightly deflationary,” noting that the total supply has decreased to 99.9 billion units. Garlinghouse further mentioned that Ripple currently holds 42% of the total XRP supply.
First CFTC-Regulated XRP Futures Now Live
Just yesterday, on March 19th, Bitnomial, a digital asset derivatives exchange, announced a major step forward: the launch of the very first CFTC-regulated XRP futures in the U.S.! Adding to the news, the exchange has also voluntarily dropped its lawsuit against the SEC. To quickly recap, Bitnomial had taken legal action against the regulator in October of last year, arguing that the SEC was overreaching its authority. They contended that Bitnomial’s XRP futures were not within the SEC’s regulatory jurisdiction. These developments follow the SEC’s recent decision to withdraw its appeal against Ripple, bringing an end to over four years of intense legal battles. Ripple’s CEO, Brad Garlinghouse, celebrated the regulator’s move as a “resounding” victory for the company. The resolution of the Ripple-SEC legal situation, combined with the arrival of regulated XRP futures, is seen by many as a significant boost, with some estimating the chances of an XRP ETF approval now at 80%.
Cardano Community Sentiment Hits Multi-Month High
Fresh data from analytics platform Santiment indicates a surge in positive vibes around Cardano! They’ve reported that Cardano is experiencing its highest level of bullish sentiment in four months. According to Santiment’s analysis, positive comments related to ADA on social media are significantly outweighing negative ones by a ratio of 3.5 to 1. This spike in optimism comes after the debunking of recent rumors suggesting the SEC had classified ADA’s use case as “smart contracts for government services.” It turns out the document circulating online was simply an opinion submitted to the SEC’s website. Interestingly, on March 2nd, ADA saw a massive price jump on news of its potential inclusion in a Bitcoin reserve. However, since that peak, the asset has corrected significantly, losing over 38%. Despite this price correction, positive sentiment within the Cardano community appears to be holding strong. As of now, ADA is trading at $0.7318, down 1.06% in the last 24 hours, according to CoinMarketCap.