🤯 Ripple CEO Slams SEC! Will XRP Skyrocket Post U.S. Elections?
🗣️ Ripple’s CEO, Brad Garlinghouse, took a strong stance at a crypto roundtable organized by Congressman Ro Khanna. Held on Wednesday, the meeting discussed future U.S. cryptocurrency regulations. Key attendees included Mark Cuban, Paul Grewal from Coinbase, Dante Disparte from Circle, Senator Kirsten Gillibrand, and Congressman Joe Neguse.
⚖️ Garlinghouse Criticizes SEC’s Gary Gensler: Garlinghouse called SEC Chairman Gary Gensler a “Luddite” and accused him of an “unlawful war on crypto.” This isn't his first criticism of the SEC’s approach.
📜 A Step Towards Robust Crypto Regulations: Congressman Khanna emphasized the meeting as a step toward robust crypto regulations. Despite optimism, many remain skeptical about the Democrats’ support for crypto.
🏛️ Political Stance on Crypto and Upcoming Elections: Garlinghouse noted the Democrats’ resistance to crypto, leading Republicans to adopt a pro-crypto stance. The upcoming U.S. elections could end Gensler’s term, creating a more favorable crypto environment.
👍 Twitter Praise for Congressman Ro Khanna: Garlinghouse praised Khanna on Twitter, calling him an exceptional leader for engaging with the crypto industry. The meeting is seen as a productive step forward, though skepticism remains.
⚖️ Ripple vs. SEC Case and Its Implications: The roundtable is crucial for Ripple, in a four-year fight with the SEC. Ripple hopes to influence the court’s decision using the Binance ruling precedent.
📈 Current XRP Market Analysis: XRP is trading at $0.44848. On the 4-hour chart, the 100 moving average is key resistance at $0.46, while the 20 and 50 moving averages support the price. XRP needs to break $0.55 to regain its rising channel.
