Tether has reduced its paper holdings by 21 percent. That accounts for $6.2 billion. Marching on, Tether has partnered with the Switzerland city of Lugano to transform it into a European Bitcoin City. Ripple recently unsealed documents that show the company sought legal advice as early as 2012 on whether XRP would be a security. That certainly bolsters their case against the Securities and Exchange Commission (SEC). Meanwhile, a former SEC official says the SEC will lose “on the merits of the case.” Russia has ordered troops into two Ukraine regions, declaring them independent states. President Joe Biden has issued sanctions against Russia for doing so. More importantly, crypto prices plunged immediately after Russian President Vladimir Putin’s chess move. The market lost $400 billion in less than a week then went up again upon announcement of the Biden sanctions. Bitcoin’s price is up this morning, to $38,873.67 at 9 a.m. CST. https://cryptocracy.substack.com/p/tether-ripple-and-ukraine-hit-the?utm_source=url
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