SEC Chairman's Speech Released Concerning XRP Investors

Description from $Gary #Gensler that excites #XRP investors!

The securities lawsuit filed against Ripple deeply affected the XRP price and the price suffered a massive loss. The uncertainty created by the lawsuit is related to the fact that the XRP price has recently been traded at $ 0.77, while the lawsuit has dropped to below $ 0.20.

🚨Date Concerning XRP Investors Has Arrived
In the preliminary hearing on February 22, which XRP investors were waiting for with great excitement and fear, no results came out yet. In fact, experts and lawyers emphasized in the preliminary hearing that there would be no decision that could affect XRP investors.

Although the uncertain expectation for XRP investors seems to continue for a long time, March 2, 2021 is actually a very important date and the course of many things can be evident here. Gary Gensler, who is expected to be appointed after the SEC Chairman who sued Ripple, will appear before the Senate Committee tomorrow. He's guessing that Gensler's candidacy has already been given the green light, and that may be certain at the meeting tomorrow.

🚨Technology Emphasis In Gary Gensler's Statement
In the post published by the Banking Committee, the entire opening speech of Gary Gensler can already be seen. The point that concerns XRP investors here is the statement made by Gensler, who is expected to be SEC Chairman, regarding the rules.

Although Gensler does not directly make a statement about cryptocurrencies, he does refer to them. Emphasizing that the markets are changing with technology, Gensler emphasized that the SEC's rules must comply with them. This brings to mind the idea that the securities test Howey test from years ago could change or that previously unseen steps could be taken in the Ripple case.

🚨Is it Positive for XRP?
In the continuation of his statement, Gensler uses the following statements that concern XRP investors:

“Markets and technology are always changing. Our rules should also change with these. In my current professorship at MIT, I research and teach at the intersection of the technology and finance sectors. I think financial technology can be a powerful tool for good, but it needs to keep the core values ​​of the SEC at the service of investors, the public, and providers of capital. "

Gensler's statement of new rules for technology and SEC is noteworthy. How the XRP price will be affected can be revealed when the March 2 speech is made in person.