Analysis Crypto by Thebittimes.Com

Gary Gensler, the US SEC chair, will resign from his current position, marking a transformative change within the cryptocurrency sector. Gensler is often touted as a skeptic regarding the crypto domain, and his exit was one of the crucial agendas that the Trump regime wanted to execute from the get-go. Now that Gensler is out of the picture, XRP, the token that fought a massive legal feud with the US SEC, is free to conduct market proceedings, helping it claim its rightful place. Here’s how XRP may dominate the market under the Trump regime, favoring such crypto developments. Also Read: Ripple: AI Predicts How High Can XRP Spike Post Gensler’s Resignation XRP Bound To Soar High As Gensler Exits The Domain Source – Trackinsight XRP is in a position to claim a new ATH now that Gary Gensler is all set to step down from his position as the US SEC chair. This marks a celebratory phase for the token, as Gensler had accused XRP of being a security, an accusation that compelled XRP ...

Securities and Exchange Commission (SEC) Chairman Gary Gensler refused to talk about cryptocurrency after a meeting on the U.S. Treasury market. Bloomberg reporter Kailey Leinz asked Gensler about the current status of various applications for spot Bitcoin (BTC) ETFs. Gensler did not want to talk about #Bitcoin or Crypto with @kaileyleinz today after their meeting where the SEC made changes to the treasury markets haha (admittedly he does have a point but Kailey focused on treasuries for 5 minutes before this question lol) pic.twitter.com/Ll9uCGJYEX — James Seyffart (@JSeyff) December 13, 2023 In response, Gensler dodged a question by pointing out that the U.S. Treasury market is worth $26 trillion and is the basis of all capital markets. “Crypto securities are not only much smaller, it’s not how we fund our government. It’s not how we conduct monetary policy. And for many investors, they’ve been harmed in that market. And they’re being harmed bec...

SEC v. Ripple is one of the most well-known disputes that has been ongoing for more than two years. The SEC accused Ripple of marketing XRP as a sec urity, numbing XRP’s potential to develop an upward price trajectory over time. John E Deaton , the founder of CryptoLaw.US, has recently taken to Twitter to address the recent statement by Gary Gensler . The main point of the lawsuit is the allegation that XRP is a sec urity. The very statement has been upheld by Gensler, who states that every cryptocurrency, except Bitcoin, is sec urity. Also read: Shiba Inu Burn Rate Spikes by 2300%, 82 Million SHIB Burned Not true. Outside of @GaryGensler’s 🧠 and #BTC Maxis, there’s no consensus everything other than #Bitcoin is a security. There certainly isn’t a consensus w/in the legal community. Software code is NOT a security. It, like any other asset, can be offered and sold as a security. https://t.co/MokmwLr7Ok — John E Deaton (@JohnEDeaton1) F...