XRP Experiences Surge in Volume and Price, Ripple CEO Refers to It as “Radioactive”

by | Oct 24, 2023 | Simple IRA | 19 comments

XRP Experiences Surge in Volume and Price, Ripple CEO Refers to It as “Radioactive”




Become An Official Member Of The Digital Asset Investor Channel

Miles Franklin Precious Metals
Use Code: DAIGOLD
info@milesfranklin.com
952-929-7006

Linqto-Private Investing Made Simple

Open iTrustCapital Crypto IRA Get $100

Buy, save and spend real gold and US dollars, digitally with Glint.

Digital Asset Investor Email
digitalassetinvestor2018@gmail.com

#xrp #ripple #bitcoin #ethereum #litecoin
#paid #promotion #sponsorships The above links are either affiliate links or paid promotions and deals.
___________________________________________
Disclaimer:
I am not a licensed financial advisor. All videos on this channel are intended for entertainment purposes only. You should not buy, sell, or invest in any asset based on what I say in these videos. You should know that investing carries extreme risks. You could lose your entire investment. This is not trading advice and I am in no way liable for any losses incurred….(read more)


LEARN MORE ABOUT: IRA Accounts

CONVERTING IRA TO GOLD: Gold IRA Account

CONVERTING IRA TO SILVER: Silver IRA Account

REVEALED: Best Gold Backed IRA


XRP, the popular cryptocurrency associated with Ripple, experienced a tremendous surge in both volume and price recently. This surge has caught the attention of investors and industry experts, igniting discussions and debates about the future of this digital asset. However, amidst the excitement, the CEO of Ripple, Brad Garlinghouse, finds himself facing criticism and negative sentiment.

Let’s first delve into the surging volume and price of XRP. Over the past few weeks, XRP’s trading volume reached unprecedented levels. This surge suggests an increased interest from investors and traders, fueling speculation about the potential for substantial gains in the near future. The price of XRP also skyrocketed during this period, reaching multi-year highs. This remarkable momentum has attracted attention from crypto enthusiasts and those curious about the cryptocurrency market.

See also  New Secure 2.0 Bill Benefits SDIRAs & Adds More Roth Dollars

One of the primary reasons behind this surge is the ongoing lawsuit between Ripple and the U.S. Securities and Exchange Commission (SEC). The SEC alleges that Ripple conducted an unregistered securities offering by selling XRP tokens over the years. This legal battle has caused significant uncertainty amongst investors, causing volatility in XRP’s price.

However, despite the surge in volume and price, Ripple’s CEO, Brad Garlinghouse, finds himself in hot water. In an interview with Bloomberg, he expressed frustration, stating that Ripple has been treated unfairly by the regulators and calling the SEC lawsuit “regulatory chaos.” He went on to say that other countries, such as the United Kingdom, Singapore, and Japan, have provided regulatory clarity for cryptocurrencies, contrasting the SEC’s approach.

Garlinghouse’s comments sparked controversy within the crypto community. Some individuals supported his assertion, arguing that regulatory clarity is crucial for the growth and adoption of cryptocurrencies. They believe that the SEC’s actions hinder innovation and create an environment of uncertainty. On the other hand, critics accused Garlinghouse of shifting blame and undermining the legitimacy of the SEC’s concerns.

Garlinghouse’s choice of words further intensified the backlash against him. Describing XRP as “radioactive,” he acknowledged that the ongoing legal battle has made it difficult for Ripple to conduct business partnerships and attract potential investors. Many interpreted this statement as a lack of confidence in the future of XRP and Ripple.

Despite the negative sentiment surrounding Garlinghouse’s recent statements, some argue that his concerns regarding regulatory clarity are valid. They believe that the SEC’s lawsuit not only affects Ripple but also has wider implications for the entire crypto industry. As regulations continue to evolve, it is essential for both companies and investors to understand the legal framework within which they operate.

See also  The Truth about Who Benefits from Bank Failures | #shorts

In conclusion, XRP’s recent surge in volume and price has generated excitement within the crypto community. However, amidst this positive trend, Ripple’s CEO, Brad Garlinghouse, finds himself facing criticism for his comments on the SEC lawsuit and the challenges it poses for Ripple. The future of XRP remains uncertain as its legal battle continues. As the crypto market evolves, the importance of regulatory clarity cannot be understated, providing guidelines for companies, investors, and regulators alike.

Truth about Gold
You May Also Like

19 Comments

  1. Rod

    Bot armies! Bot armies right through youtube!

  2. Patron Mtrz

    love the grounded reality of this channel!!, Despite the recession, I'm so happy withdrawing my $23k profits out of my investment with a platform in town..

  3. eggdescrambler

    No, Dr Wrong wasn't talking about the same thing! He was talking about a plain DOS attack on servers. LN uses TCP/IP and there are plenty of methods to combat DOS, including SYN cookies. All major servers are facing this type of attack on a daily basis without major issues. Guess what, that could happen as well to the 85% of the list of approved XRP nodes approved via the Proof-of-Authority mechanism by Ripple.

  4. MT K

    I'd like to see a part of the settlement of R'Labs / USSEC that a large part o the fine (>$200M) must be used to go after ALL THE BAD ACTORS BEHIND ETHGATE!

  5. aeromender

    Who the hell has ever heard of APL66K? What a load of nonsense.

  6. aeromender

    You should just turn off comments DAI. About 90% of comments are just scammers trying to get someone to bite the hook.

  7. Infinite Sigma

    NOT Jay Clayton…who did Clayton work for? Who was POTUS?

  8. Infinite Sigma

    Sure is a lot of fraud going on in the crypto space, huh? Sure seems like GG et al are plenty correct about crypto fraud. ETH Gate and SEC v Ripple came from Trump Admin. You’re banned from X because you focus on exposing ETH Gate which Elon Musk and his pals were/are directly involved in. Think a little bit once in a while instead of just reading the materials written for you.

  9. Irish Tiger

    You need Kaspa

  10. Dave Flynn

    Tbh, I hate how on your thumbnail it says 6-7 dollars surge, and then you don't discuss that at all. I get it's for click bait, but it's false advertising.

  11. Michael Monteclaire

    It’s all the same hot, buzz words from Garlinghouse to IMF, BIS everyone says the same things. Which is good so the marketing is very controlled through those specific buzz words

  12. Timo Haikarainen

    if the plummer is making loud noises and your wife is home, you know whats going on

  13. Luke Allen

    Can't get the members only site to play videos.

  14. Damian Nutting

    Imagine all 197'000 listeners signed into his private group, that just over 1.1 million dollars that he can say on YouTube like others talk about but would rather take our money. He's as bad as gensler

  15. shannon dail

    TOM EMMER A SOROS SPOKESPERSON….TRAITOR

  16. DingDongDaddy

    Look at this comment section. Exactly why I don’t subscribe to your website. Sloppy.

  17. Rafael

    I served for 8 years and now my son is serving for a total of 9 and I'm going to tell you that all I want is for his time to come to an end because this country is not what it used to be and you really don't know who you are really serving when you join you could be serving a corporation s best interest

  18. Rafael

    D A I I went with a tankles water. Heater and it what the best thing I ever did

U.S. National Debt

The current U.S. national debt:
$35,350,842,310,771

Source

ben stein recessions & depressions

Retirement Age Calculator

  Original Size