XRP is completely excluded from the White House’s 166-page crypto report despite being the third-largest cryptocurrency, while SHIB staking exceeds 4.6 trillion tokens, and Ripple hires a VP to accelerate institutional DeFi growth.
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XRP is absent from the White House digital asset policy report, which covers major cryptocurrencies but omits XRP entirely.
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SHIB staking has surged past 4.6 trillion tokens, reflecting strong investor confidence and growing ecosystem participation.
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Ripple is expanding its institutional DeFi efforts by hiring a Vice President of Partnerships to lead growth on the XRP Ledger.
XRP excluded from White House crypto report; SHIB staking hits 4.6 trillion tokens; Ripple hires VP for institutional DeFi growth. Stay informed with COINOTAG.
Why Is XRP Excluded from the White House Crypto Report?
The White House’s comprehensive 166-page digital asset policy report, published on July 30, surprisingly omits any mention of XRP, despite it being the third-largest cryptocurrency by market capitalization at $186 billion. The report extensively covers crypto trading regulations, tokenization, and stablecoin oversight, highlighting projects like Bitcoin, Ethereum, Solana, Chainlink, and Uniswap, but excludes XRP entirely.
What Does the Report Cover and Which Cryptos Are Mentioned?
The report includes 129 mentions of Bitcoin, 36 mentions of Satoshi Nakamoto, and 12 mentions of the proof-of-work consensus mechanism. It focuses on regulatory frameworks and technological advancements but does not reference XRP or Ripple, raising questions about the token’s regulatory and institutional positioning.
How Has SHIB Staking Reached Over 4.6 Trillion Tokens?
Since 2021, Shiba Inu (SHIB) has seen a remarkable surge in staking activity, with over 4.6 trillion tokens locked in DeFi staking contracts. This equates to more than $58.7 million in value, signaling robust investor confidence and active participation in the SHIB ecosystem.
What Does Increased SHIB Staking Indicate?
SHIB holders locking tokens on decentralized finance platforms demonstrate a strong belief in the token’s long-term potential. This staking activity supports network operations and reflects growing community commitment, as investors increasingly engage with SHIB’s DeFi capabilities.
What Is Ripple’s Strategy for Institutional DeFi Growth?
Ripple is intensifying its focus on institutional decentralized finance by recruiting a Vice President of Partnerships for its RippleX division. This strategic hire aims to secure partnerships with asset managers, tokenization platforms, and stablecoin providers to expand the XRP Ledger’s institutional adoption.
What Will the New VP of Partnerships Do?
The VP will negotiate deals to increase asset volume and market capitalization on the XRP Ledger. They will also identify new opportunities for DeFi growth and institutional integration, driving Ripple’s vision to enhance ecosystem impact and broaden market reach.
Frequently Asked Questions
Why was XRP excluded from the White House crypto report?
The White House report focuses on regulatory and technological aspects of major cryptocurrencies but does not mention XRP, possibly due to ongoing regulatory uncertainties surrounding Ripple and its token.
How does SHIB staking benefit investors?
Staking SHIB allows investors to lock tokens to support network operations, potentially earning rewards and signaling confidence in SHIB’s future value and ecosystem growth.
What impact will Ripple’s new VP have on DeFi adoption?
The new VP will lead institutional partnership efforts, aiming to boost asset volume and market cap on the XRP Ledger, accelerating Ripple’s DeFi expansion.
Key Takeaways
- XRP’s absence: The White House report excludes XRP despite its market prominence, highlighting regulatory challenges.
- SHIB staking growth: Over 4.6 trillion SHIB tokens staked, indicating strong investor trust and network support.
- Ripple’s institutional push: New VP role aims to expand DeFi partnerships and increase XRP Ledger adoption.
Conclusion
The recent White House crypto report’s omission of XRP underscores ongoing regulatory complexities, while SHIB’s staking surge reflects growing investor confidence in DeFi. Ripple’s strategic hire signals a focused effort to boost institutional DeFi adoption on the XRP Ledger. Together, these developments highlight dynamic shifts in the crypto landscape, with COINOTAG committed to delivering timely, expert insights.
