Cardano (ADA) Will Reach New Highs Soon, Says deVere Group CEO

Kavya  |  Sep 22, 2021

According to Nigel Green, the fourth-largest cryptocurrency, Cardano (ADA), might soon reach new highs soon and finally reach $4 by the end of the year.

Green Believes Cardano (ADA) Would Reach New Highs Soon

Cardano is a stronghold for the CEO of deVere Group, one of the world's biggest independent financial advice firms.

Green predicted that Bitcoin will reach $3 last month, and he was accurate.

Cardano, as previously reported, reached the aforementioned threshold for the first time in early September ahead of the much-anticipated introduction of its smart contract.

ADA has dropped more than 36% from its peak on September 2 and has fallen below $2 as a result of the larger market sell-off.

Green believes that Cardano, along with other major cryptocurrencies, will be able to recover while benefiting from its green credentials.

Ripple Is Barred From Viewing The Cryptocurrency Holdings Of SEC Employees

Magistrate Judge Sarah Netburn dismissed Ripple's request for records relating to the Securities and Exchange Commission's preclearance judgments involving cryptocurrency trading, as well as the staff's holdings.

The defendants, according to the court, have failed to explain their intervention into the financial behavior of their workers.

When it comes to SEC workers' crypto holdings, the judge points out that revealing such information is forbidden by Congress to safeguard government employees' privacy:

"Defendants have no right to yearly certificates of XRP purchases, sales, and holdings from SEC personnel."

Ripple wanted to get yearly certificates from SEC employees that would disclose the total quantity of cryptocurrency they held.

The business was particularly interested in learning if the employees were allowed to trade XRP before March 9, 2019, when the formal investigative order in the matter was issued.

Individual trading actions, according to the defendants, might provide insight into the absence of regulatory certainty around digital assets. 

The SEC, on the other hand, said that its employees' trading reports were "probably secret."

The SEC also refused access to Ripple CEO Brad Garlinghouse's and co-founder Chris Larsen's bank records, according to the judge. 

According to the judge, the regulator's preclearance procedure is irrelevant to the case since it does not include assessing whether a specific cryptocurrency is a security.

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