If Ripple had reconciled with the SEC earlier, would the current crypto landscape be different? Ripple's CEO Brad Garlinghouse recently expressed such regret in public and praised Harris's meticulous approach to digital asset regulation. What hidden implications lie beneath this?
The feud between Ripple and the SEC has lasted for years, like a war without gunpowder. Garlinghouse, on the stage of Washington's Fintech Week, cautiously tried to secure a neutral political position for Ripple, well aware that regardless of who wins the election, now is the right time to win over regulators.
Thus, we see Ripple's executives stepping up one after another to praise Harris's regulatory approach, even risking a stark contrast to Trump's 'radical' stance. Does this mean Ripple is betting on Harris's victory, attempting to repair its tense relationship with the SEC through political donations and improving the industry's image?
However, Garlinghouse's implication also reveals Ripple's helplessness. They acknowledge that failing to engage with the SEC earlier was a mistake, but at the same time, they criticize SEC Chairman Gary Gensler's approach as being too authoritarian. This attitude of both seeking peace and complaining makes one curious about what Ripple is really thinking.
But it is undeniable that Ripple is taking proactive steps. They have not only donated substantial funds to bipartisan political action committees that support economic fairness policies but also tried to show regulators that they are 'serious people doing serious work.' Can this series of actions help Ripple regain some ground in the legal battle?
For $XRP investors, Garlinghouse's remarks seem to bring little substantial good news. Token prices continue to decline, and investors' moods feel like they are on a rollercoaster. However, Ripple's Chief Technology Officer David Schwartz calmly responded, stating that he cannot predict the future price of cryptocurrencies. This may be the best reminder for investors: proceed with caution, as the market carries risks.
However, in this game of the crypto world, every step Ripple takes is worth our attention. Can they turn the tide with political winds? Can they find their way to survive within the regulatory cracks? All of this requires time to provide answers.
In this rapidly changing crypto world, we must not only pay attention to price fluctuations but also gain insights into the underlying logic and trends. Ripple's story may just be a small episode in the crypto saga, but it brings us profound insights: finding the balance in the game between regulation and innovation is key.
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