hello, Traders/investors in xrp you need to watch this.
Biden Taps Gensler as SEC Chairman, FTC’s Chopra as CFPB Chief President-elect Joe Biden has picked a pair of veteran regulators strongly backed by progressive Democrats to lead two key Wall Street watchdogs, signaling that his administration is planning tough oversight after four years of light-touch policies under appointees of President Donald Trump.
Former Commodity Futures Trading Commission Chairman Gary Gensler will be nominated to lead the Securities and Exchange Commission and Federal Trade Commission member Rohit Chopra is being tapped to lead the Consumer Financial Protection Bureau, Biden’s transition team said Monday.
Gary Gensler, former chairman of CFTC and appointed chief of SEC stated already in 2018 at the MIT Blockchain conference that tokens for ethereum and Ripple may be classified as securities. “There’s a strong case, particularly for Ripple,” he has been quoted. I do not think that is very good news for Ripple, do you?
Legend_yy_chazali
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@WhooperSwan the reality of classifying xrp as security is because ripple leb inc own almost 60% of xrp and if xrp gain it value to $1000 ripple will gai 50trillion or even more and that's the mean logical aspect behind the us government to suit it. for me I am the lawsuit will be dismissed by stopping ripple leb to supply more of xrp and that's more than bullish. if that happens in the long term xrp will worth more than a thousand dollars