Joe Biden could leak information about the regulatory framework for cryptocurrencies
Hello friends, great news for ripple since Joe biden will reveal a leak that could trigger not only the prices of bitcoin, but I think that the most benefited from all this is the xrp token.
A new leak suggests that President Joe Biden is meeting blockchain technology executives at the White House and if I remember correctly in September I read an article where it said that Ripple executives were going to discuss cryptocurrency bills with members in Washington. of the United States Congress. This news came out in September. And Joe Biden's plans have recently been leaked, in which it is revealed that a new regulation is going to be presented that, according to what will have an indirect effect on the cryptocurrency industry, which gives me to understand that Ripple executives have spoken. in the white house it has given positive results.
According to the CEO of Ripple, he asks Congress to prevent the SEC from abusing its powers in the regulatory framework to sue different cryptocurrencies or different tokens, among others, as they have also done with the Coinbase and Binance exchanges, which are suffering many the consequences of this support for repression by the SEC, which is "Not the anti-crypto agenda" as they call it.
So this leak could potentially skyrocket the price of XRP as well as the price of bitcoin among other cryptocurrencies. But why would it benefit Ripple the most? Because Ripple's xrp executives have had direct contact with the United States Congress so it could be that they have molded that regulatory framework so to speak in their favor. All based on what has happened in the dispute where I imagine that they would be talking to them about how to develop this Regulatory Framework.
For my part, I liked that Ripple executives are doing something so important apart from improving the blockchain system. Since having relations with the government or Congress of the United States to stop the constant threat of the SEC is a great step and boost for the world of cryptocurrencies where each user, exchange, institutions can carry out operations normally and there is no bad news that can constantly manipulate the market. So Joe Biden could give that good news about the regulatory framework at any time.
Weaken the SEC of the United States through this regulatory framework and that will help the cryptocurrency market gain clarity above all, what left certain institutional investors and banks most uncertain was the regulation that was not clear that is why it was not clear. Many banks or many financial institutions still dare to use different services with cryptocurrencies because there is no regulation right now, but later than ever it will surely exist since the United States government is working on it.
This regulatory framework will also help blockchain and cryptocurrency companies comply with said regulation and completely secure banks and financial institutions will be able to use the token of their choice in the way they see fit.
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