2024

Major

Rule

<ul class="wp-block-list">
 <li>The firm's regulatory combat with the SEC may extend into 2025, causing persistence uncertainty for XRP.</li>  
 <li>XRP’s price has stayed below $1 as investors react to its legal issues.</li>  
 <li>Garlinghouse predicts other nations are leading in crypto laws while the U.S. lags behind.</li> 
</ul>  
<p><a href="https://cryptonewsland.com/john-deaton-gains-support-from-ripples-brad-garlinghouse/" target="_blank" rel="noopener noreferrer nofollow">Brad Garlinghouse </a>expects a major change in the U.S. approach to crypto mandates after the 2024 presidential selection. He believes that regardless of the&nbsp; outcome, the next administration will bring more positive policies for the crypto sector. His remarks come as Ripple continues to face a binding fight with the U.S. Securities and Exchange Commission&nbsp; over whether the token should be considered an unofficial security.</p>  
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  https://twitter.com/RippleXrpie/status/1849220885468635214
 </div>
</figure>  
<h2 class="wp-block-heading" id="h-ripple-s-long-term-administrative-dispute"><strong>Ripple’s Long-Term Administrative Dispute</strong></h2>  
<p>The disagreement with the exchange commission began in 2020 when it accused the company of raising $1.3 billion through unregistered sales of XRP. Chair Gary Gensler has taken a strict stance against the crypto industry. Brad has strongly criticized the regulatory board's tactics, which he says are slowing down innovation in the crypto space. He also hinted that Gensler's actions may harm Harris's chances of winning as crypto management becomes an important issue for voters.</p>  
<h2 class="wp-block-heading" id="h-xrp-price-and-market-reactions"><strong>XRP Price and Market Reactions</strong></h2>  
<p>XRP has encountered continuous financial uncertainty as a result of Ripple’s regulatory issues. The token has struggled to rise above $1 for a long period, raising concerns among shareholders. Ripple has taken several constitutional steps to defend its position, but the case may now extend into 2025. This has left investors and traders uneasy as the value of XRP continues to fluctuate.</p>  
<p>While some believe the organization's posture seems chaotic, others see it as a deliberate effort to challenge the SEC’s aggressive actions. Whatever the case, the results of this lawsuit could have lasting effects on the future of electronic currency policies in the U.S.</p>  
<h2 class="wp-block-heading" id="h-global-approach-to-crypto-regulation"><strong>Global Approach to Crypto Regulation</strong></h2>  
<p>The CEO also pointed out that other countries are advancing faster in setting clear crypto regulations. Nations like the<a href="https://cryptonewsland.com/sheffield-united-partners-with-solana-meme-coin-maneki-for-the-2024-25-season/" target="_blank" rel="noopener noreferrer nofollow"> United Kingdom,</a> Switzerland, Singapore, and Japan have already provided strong frameworks that have helped their crypto money grow.&nbsp;</p>  
<p>. He said that an exchange-traded fund&nbsp; tied to XRP is likely to happen. Two asset managers, Bitwise and Canary Capital, have already filed for spot XRP ETFs. This shows there is still a lot of interest in XRP, despite the regulatory hurdles Ripple faces.</p> 
<p>The post <a href="https://cryptonewsland.com/ripple-ceo-expects-major-u-s-crypto-rule-changes-after-2024-election/" rel="noopener noreferrer nofollow">Ripple CEO Expects Major U.S. Crypto Rule Changes After 2024 Election</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

Ripple CEO Expects Major U.S. Crypto Rule Changes After 2024 Election

Table of Contents

Crypto News Land

Other articles published on Oct 24, 2024

DWF Labs Injects 4 Million $FET into Exchange Markets in One Week

MicroStrategy's Saylor Speaks Out After Sparking Strong Backlash

Despite clampdown, Nigeria emerges 2nd in global crypto adoption – Chainalysis

What Made Michael Saylor Backtrack on His Crypto Self-Custody Stance?

Solana again clocks record-breaking fee revenue

Top Cryptos to Buy: Qubetics, Solana, Cardano, and Polkadot—Explore Massive ROI Opportunities!

Join our free newsletter for daily crypto updates!