Loading...
12/15 10:03
Loading...
SEC's New Rulemaking Plan: Financial expert Levi Rietveld discusses the SEC's initiative to reform cryptocurrency regulation, which could significantly increase institutional involvement in digital assets and allow traditional financial institutions to raise capital through crypto mechanisms.
Potential for Trillions in Inflows: Rietveld predicts that the regulatory clarity from the SEC could lead to trillions of dollars entering the crypto sector, with XRP positioned to benefit from this influx as institutional projects are expected to utilize major blockchain infrastructures.
Market Skepticism: Despite Rietveld's optimism, some market observers express skepticism, noting XRP's recent price decline and lack of immediate positive reaction to the regulatory developments, with XRP trading at $2.81 and down over the past month.
Future of XRP and Institutional Adoption: The success of XRP in capitalizing on the anticipated regulatory changes will depend on how quickly institutions adopt the SEC's frameworks, highlighting a disconnect between regulatory announcements and market performance.
