As Bitcoin‘s price climbs, the cryptocurrency market is buzzing with anticipation for significant updates, particularly for altcoins that have yet to see similar gains. Many cryptos remain tethered to Bitcoin’s previous peak of approximately $70,000, leading to speculation about a potential market surge. In this landscape, XRP Coin is highlighted as a promising asset for investors.
What Did Ripple’s Legal Director Say?
Ripple‘s Legal Director recently shared thoughts on the expected resignation of SEC Chair Gary Gensler, a matter that has garnered attention among crypto enthusiasts. Ripple’s perspective is seen as pivotal due to its status as a leading company in the cryptocurrency sector.
What Actions Does Ripple Propose?
Stuart Alderoty laid out a six-point strategy aimed at improving the regulatory environment for cryptocurrencies. This includes prioritizing the dismissal of non-fraudulent cases, establishing clear rules between regulators, and enhancing transparency and accountability within the SEC.
- End all non-fraudulent crypto cases immediately.
- Secure commitments from key SEC Commissioners to collaborate with the new chair.
- Work with regulators and Congress to define clear crypto regulations.
- Revoke past SEC guidance that has created confusion.
- Improve public access to information through FOIA transparency.
- Strengthen the Office of Inspector General to foster accountability.
XRP Coin has shown encouraging signs by maintaining price levels above $1. If Ripple’s proposed actions gain traction, analysts suggest XRP could potentially exceed $1.35, despite the risk of a possible downturn to $0.93 if Bitcoin experiences corrections.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
