XRP is the native token of the XRP Ledger, and the cryptocurrency used by the Ripple payment network. 

It's built for enterprise use on a global scale and helps power cost-efficient cross-border payments.

Welcome to Latam Insights, a compendium of Latin America's most relevant crypto and economic news during the last week. In this issue, reports indicate that the Venezuelan government will liquidate the petro, Ripple partners with the Central Bank of Colombia, and Brazil issues a cryptocurrency legal decree.

Latam Insights — Petro Liquidation Imminent, Ripple Partners With Colombian Central Bank

Ripple CEO Brad Garlinghouse is calling out the U.S. Securities and Exchange Commission (SEC), saying that the regulator has essentially weaponized a lack of regulatory clarity in crypto markets against the industry's firms.

SEC Chair Gary Gensler Weaponizing Lack of Regulatory Clarity To Exert Jurisdiction Over Crypto: Ripple CEO

Ethereum

The documents are likely to intensify the move among major cryptocurrencies to become more decentralized and look more like ether, the report said.

Hinman Documents Release in SEC-Ripple Case Is a Boost to Ether: JPMorgan

Ripple CEO Brad Garlinghouse has blasted the enforcement approach of the U.S. Securities and Exchange Commission (SEC) after the release of the Hinman docs, which contain internal discussions that the institution had before the now famous 2018 speech offered by former SEC Division of Corporation Finance Director William Hinman.

Ripple CEO Brad Garlinghouse: Former SEC Official William Hinman Received ‘Millions of Dollars' From Law Firms With a ‘Vested Interest' in His Speech

Cardano

Bitcoin

Dogecoin

Polygon

Solana

Expectations are climbing that an economic stimulus package out of China could "inflate everything"

Forget The Fed—China Is Gearing Up To ‘Rip In Trillions Of Dollars' As The Price Of Bitcoin, Ethereum, BNB, XRP, Cardano, Dogecoin, Tron, Polygon And Solana Swing

Payments firm Ripple is working with Colombia's central bank to test the firm's new platform for central bank digital currencies (CBDCs) and stablecoins.

Ripple Partners With Colombia's Central Bank To Explore Blockchain Use Cases and CBDCs Powered by the XRP Ledger

Ripple (XRP) is falling below the moving average lines from June 14.

Ripple Crashes On Hitting The Low Of $0.41 Again

Ripple CEO Brad Garlinghouse has criticized the role that the U.S. Securities and Exchange Commission (SEC) decided to assume against the cryptocurrency industry. After the release of the Hinman docs, which explain the internal discussions of the institution before the now famous Hinman speech, Garlinghouse stated that the SEC “weaponized the lack of regulatory clarity,” throwing an entire industry into chaos.

Ripple CEO Brad Garlinghouse: SEC ‘Weaponized the Lack of Regulatory Clarity,' Threw ‘an Entire Industry Into Chaos'

John Deaton, a pro-XRP lawyer, is skeptical that the unsealing of documents by former U.S. Securities and Exchange Commission (SEC) official William Hinman will affect the SEC's lawsuit against Ripple. Deaton says in a new Wolf of All Streets interview that the unsealing of the Hinman documents is immaterial to the lawsuit's outcome.

Pro-XRP Lawyer Says Release of Highly Anticipated Hinman Emails Won't Affect Outcome in SEC's Ripple Lawsuit

Ripple chief executive Brad Garlinghouse slammed the U.S. Securities and Exchange Commission (SEC) this week following the public release of long-awaited documents in the company's ongoing legal battle with the regulator.

Ripple CEO Brad Garlinghouse Slams SEC Following Hinman Email Reveal, Says Regulator Acting in Bad Faith

Ripple Labs and the U.S. Securities and Exchange Commission (SEC) seem to be on the same page about the documents known as the Hinman Emails: The former official's past remarks shouldn't govern current policy.

Ripple, SEC Seem to Agree About Not Taking Hinman Speech Seriously

Colombia already makes use of Ripple's technology for land distribution efforts in the country.

Colombia's Central Bank Taps Ripple to Pilot CBDC

Ripple is partnering with Colombia's central bank to explore blockchain technology use cases in the South American country.

Ripple partners with Colombia's central bank to explore blockchain use cases

The Latin American country will conduct a pilot to test Ripple's technology for its high-value payments system.

Colombia's Central Bank Partners with Ripple to Explore Blockchain Use Cases

A widely followed crypto analyst and trader is predicting that XRP could go higher while expressing bearish sentiment on Bitcoin (BTC). The pseudonymous trader known as Altcoin Sherpa tells his 195,900 Twitter followers that XRP is flashing signs of strength amid the current market downturn.

Trader Predicts Over 50% Jump for One Top-10 Altcoin, Says Bitcoin Could Get ‘Violent' if Support Level Crumbles

Losses on major tokens extended to over 7.4% in the past 24 hours, data shows.

XRP, ADA Lead Declines in Major Cryptocurrencies as Bitcoin Drops Below $25K

The token fell to as low as 46.18 cents, its lowest level this month, as crypto markets sold off Wednesday afternoon.

XRP Tumbles 8%, Erasing Price Gains from ‘Hinman Emails' in Ripple Lawsuit

XRP plunged by over 9% on Wednesday, as traders moved to secure profits following a recent ten-week high. This decline comes as overall market sentiment remains bearish, following last week's actions by the U.S. Securities and Exchange Commission (SEC). Cardano was also back in the red today.

Biggest Movers: XRP 9% Lower, as Price Falls From 10-Week High

Bitcoin (CRYPTO: BTC) traded lower, with the cryptocurrency prices trading below the $26,000 level on Wednesday. Investors are awaiting monetary policy decision from the Federal Reserve today, with markets expecting no change in interest rates.

Bitcoin Falls Below $26,000 Ahead Of Fed's Decision; XRP Becomes Top Loser

A day after the so-called Hinman documents were unsealed, XRP hasn't enjoyed the bullish effect that many enthusiasts had hoped.

XRP Drops 5% as Markets Digest Hinman Documents, SEC Court Case

Any “serious discussion” about whether a token is a security should never again refer to Hinman's speech, argued Ripple's legal chief.

Ripple Legal Chief Calls for Investigation Into Former SEC Director Hinman

The SEC's internal discussions about a 2018 speech by its former corporate finance director Bill Hinman have been revealed in new documents.

‘Hinman Docs' Finally Revealed in Ripple's SEC Lawsuit

Ripple Labs' head legal counsel says there should be an investigation into the U.S. Securities and Exchange Commission's (SEC) former Director of Corporation Finance following the reveal of internal emails.

Ripple's Legal Counsel Calls for Investigation into Former SEC Official William Hinman After Release of Emails

Common interpretations of the so-called Hinman document dump misunderstand Ripple's legal strategy.

Ripple Does Not Care Whether XRP Is 'Sufficiently Decentralized'

William Hinman, the former director of the U.S. Securities and Exchange Commission's (SEC) Division of Corporation Finance, discussed with Ethereum (CRYPTO: ETH) co-founder Vitalik Buterin in 2018 about how the Ethereum Foundation operates. Documents show how Hinman, at the time, believed Ethereum's native currency didn't warrant being regulated as a security.

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