24/7 Cryptocurrency News

XRP Proper Party, Gary Gensler Hearing: Key Crypto Events This Week

Crypto news is set to be dominated by key events Ripple's XRP Proper Party, Gary Gensler Hearing; Will BTC Price take upside path?
Published by
XRP Proper Party, Gary Gensler Hearing: Key Crypto Events This Week

With the second deadline for the US SEC’s spot Bitcoin ETF scheduled for the third week of October 2023, the onus in now on other major events like the XRP Property Party being hosted by Ripple.

Also Read: Chainlink Price Prediction As ETH Whale Makes Huge LINK Transfer

Advertisement

Events To Watch Out For

U.S. Securities and Exchange Commission Chair Gary Gensler is scheduled to testify at a hearing before the House Financial Services Committee on the oversight of the agency on September 27, 2023 at 10 am eastern time. Members of the committee have a history of strongly opposing Gensler’s views especially on the crypto regulatory framework. In an April 2023 hearing, Committee Chairman Patrick McHenry asked the Commission Chair if Ethereum (ETH) was a security or a commodity.

This could yet again be the subject of debate during the upcoming hearing in the context of the XRP lawsuit ruling, which categorized the token sale to retail buyers as not securities. On September 29, 2023, the Bureau of Economic Analysis is set to release the Personal Consumption Expenditures (PCE) Price Index data for August.

Ripple will be hostingThe Proper Party” on September 29, 2023 in New York City. It will be a community celebration of freedom from legal troubles thanks to the recent partial victory in the SEC lawsuit. While the event does not have any direct impact on the XRP demand and supply, it could potentially have an effect on trader sentiment. Also, the company may not make any big announcements in the event, it is expected.

Advertisement

Bitcoin Price: Upside Potential

While Bitcoin price closed last week with around 2% downside, it is likely that the latest dip is a corrective phase before recovering the upside momentum. Crypto analyst CrediBULL believes the downward path may be a bear trap before regaining upside direction. He believes the $27,000 level is there to be recovered going forward. “This latest push down looks to be manipulation to the downside prior to expansion to the upside. 27k incoming,” the analyst said.

Last week, a team of Ripple executives led by chief executive officer Brad Garlinghouse met US Congressmen in  Washington D.C. to discuss regulatory framework around crypto assets.

Also Read: Long-term Bitcoin Hodlers Now Own Over Half the Circulating Supply: Report

Advertisement

Share
Anvesh Reddy

Anvesh reports major crypto updates around U.S. regulation and market moving trends. Published over 1400 articles so far on crypto and blockchain. A proud dropout of University of Massachusetts, Lowell. Can be reached at anvesh@coingape.com or x.com/BitcoinReddy or linkedin.com/in/anveshreddybtc/

Published by
Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Recent Posts

  • 24/7 Cryptocurrency News

Aster Token Crashes 10% On DEX Integrity Issues Ahead of Airdrop, What’s Happening?

BNB-based decentralized exchange (DEX) Aster has come into the limelight recently, this time facing integrity…

October 6, 2025
  • Bitcoin News

Spot Bitcoin ETFs Record 2nd Best Weekly Inflows Ever, Bloomberg Analysts Bullish

Spot Bitcoin ETFs saw nearly $3.3 billion in net inflows last week, the 2nd largest…

October 6, 2025
  • 24/7 Cryptocurrency News

Michael Saylor Says “No New Orange Dots” Pausing Bitcoin Buys as Holdings Hit Record $79B

Michael Saylor hinted that Strategy would not be making its routine Bitcoin purchase this week.…

October 5, 2025
  • 24/7 Cryptocurrency News

Experts Turn Bullish on Pudgy Penguins as PENGU Leads Meme Coin Buys on Solana

Crypto experts have begun to make bullish projections for Pudgy Penguins’ native token, PENGU. This…

October 5, 2025
  • 24/7 Cryptocurrency News

ASTER to Launch Phase 2 Airdrop on October 10 as Open Interest Tops $5B in Two Weeks

ASTER has announced that the roadmap for its second airdrop phase is set to begin…

October 5, 2025
  • 24/7 Cryptocurrency News

El Salvador’s Bitcoin Holdings Hit $475M Profit as BTC Becomes World’s 7th Largest Asset

El Salvador is now sitting on $482 million in unrealized gains in its Bitcoin holdings.…

October 5, 2025