Can Ripple’s XRP Break the Barrier? Big Moves in the Crypto Arena
- Grayscale Investments has filed for an XRP exchange-traded fund (ETF), potentially drawing institutional investors into the market.
- The Securities and Exchange Commission’s (SEC) acknowledgment of this move could bring significant liquidity and stability to XRP.
- Ongoing debates revolve around XRP’s regulatory classification and its possible alignment with Bitcoin or Ethereum.
- Recent SEC rulings favor Ripple for market transactions but maintain uncertainty about institutional sales.
- Gary Gensler’s departure from the SEC and the arrival of pro-crypto Paul Atkins might benefit Ripple in its regulatory battles.
- Ripple’s website revamp, omitting Central Bank Digital Currencies (CBDCs), hints at a strategic shift towards payment…