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#XRP/USDT🔥🔥# 🤷‍♂️🎯👍#HotTrends #BTC

#XRP/USDT🔥🔥# 🤷‍♂️🎯👍#HotTrends  #BTC  

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Ripple CEO Foresees Approval of XRP, Solana, and Cardano ETFs Despite Regulatory Challenges According to CoinDesk, Brad Garlinghouse, the CEO of Ripple, has predicted the inevitable approval of exchange-traded funds (ETFs) for XRP, Solana, and Cardano, despite significant regulatory hurdles. He made these comments following the approval of spot bitcoin ETFs and progress on Ethereum's ether ETFs. Garlinghouse believes that the approval of these ETFs is just a matter of time. Garlinghouse criticized the U.S. Securities and Exchange Commission (SEC) for its unclear crypto regulations, emphasizing the need for better regulatory clarity in the U.S. He expressed his frustration with the perceived lack of regulatory clarity from Washington, particularly from SEC Chair Gary Gensler. Garlinghouse pointed out that Gensler has been called to Congress and has refused to answer whether ether is a security, despite insisting that the rules are clear and do not need updating. Garlinghouse also highlighted the recent progress of ether ETFs, which have seen key filings approved by the SEC. However, final approval is still required before they can begin trading. Cathie Wood, the CEO of ARK Invest, has also commented on these developments, stating that the approval of ether ETFs is due to crypto becoming an election issue. Despite the regulatory challenges, Garlinghouse is optimistic about the future of crypto ETFs. He acknowledged that there will be a significant regulatory approval process, but he views these as 'speed bumps' rather than insurmountable obstacles. Garlinghouse also discussed Ripple's hiring trends, revealing that 75% of the company's hiring last year was outside the U.S., and this year it's about 60%, with major offices in London, Geneva, and Singapore. These trends reflect Ripple's focus on regulatory clarity and customer locations. He concluded by emphasizing the importance of getting the regulatory posture right in the United States.🇺🇸

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Ethereum Co-Founder Sues U.S. Securities Watchdog For Regulatory Clarity According to CoinDesk, Joseph Lubin, co-founder of Ethereum, has initiated a lawsuit against the U.S. Securities and Exchange Commission (SEC). The lawsuit was filed by his firm, Consensys, in Texas, following a Wells notice, which indicates that the SEC is building a case against the firm. Lubin, a long-standing advocate for cryptocurrency, revealed that the lawsuit aims to achieve regulatory clarity, ensure the preservation of free markets in cryptocurrency, and confirm that open-source developers will not be targeted. Lubin expressed his concerns about the SEC's recent interest in Ethereum, stating that the agency has begun to target major players in the Ethereum ecosystem, such as the decentralized exchange Uniswap, the nonprofit Ethereum Foundation, and the major development studio Consensys. He suggested that these entities are being targeted because their efforts challenge the potential authority and vested interests of regulators and legislators. Lubin believes that Ethereum poses a significant threat to those who wish to maintain the current system and its top-down control. In addition to his concerns about regulatory scrutiny, Lubin also commented on the increasing intersection of cryptocurrency and politics. He noted that cryptocurrency has crossed into American politics, a sentiment echoed by other speakers such as CEO Tom Farley of Bullish and New York Stock Exchange President Lynn Martin. Lubin also highlighted former President Trump's embrace of cryptocurrency and recent judicial victories as indicators of a shift in political attitudes towards cryptocurrency. However, he emphasized the importance of engaging with all current power holders, even as many in the cryptocurrency community are keen to move beyond current political constructs through decentralized technology. Lubin concluded by stating that most people empowered by technology recognize that decentralization aligns with American principles like free market capitalism and democracy.

$BTC Bitcoin Options Analyst Expect BTC To Break $70,000 In 24 Hours: Here’s Why Bitcoin remains within a bullish formation but is technically under pressure, as shown in the daily chart. At spot rates, there are hints of weakness, especially considering buyers’ failure to breach $72,000. Over $4.7 Billion Of BTC Options Expiring In 24 Hours However, one CEO of a crypto firm thinks this is about to change. On May 30, over $4.7 billion of Options contracts will expire at 8:00 AM UTC, possibly sparking a rally to lift prices above $70,000, igniting an uptrend continuation. In a post on X, the founder points out that most contracts expiring on May 30 are bullish call options, with strike prices exceeding $70,000. Because of this positioning, there appears to be a strong contingent of investors betting on Bitcoin expanding above the psychological $70,000 liquidation line within the next 24 hours.

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