Monica Long, the President of Ripple, took a firm stand against the U.S. Securities and Exchange Commission (SEC) during her speech at the Money20/20 fintech conference in Amsterdam. She criticized the SEC’s enforcement-focused approach to regulating the cryptocurrency industry, which she believes is hindering its progress.
Long highlighted the frustration within the sector regarding the SEC’s rule-making process and its impact on innovation. She emphasized the importance of supporting political candidates who understand and support the needs of the cryptocurrency business. Ripple, along with a16z and Coinbase, recently contributed $25 million to the Fairshake Super Political Action Committee (PAC) to further this cause.
Despite facing legal challenges from the SEC, Ripple remains committed to influencing legislative decisions that benefit the cryptocurrency industry. Long remains optimistic about the sector’s ability to bring about positive changes, despite the current regulatory environment.
In terms of market performance, XRP’s price is currently at $0.5241, experiencing a slight decrease of 0.80% in the last day but showing a bullish trend with a 1.32% increase over the past week. Additionally, there are plans to launch an XRP ETF, as confirmed by Monica Long. Ripple has also partnered with Clear Junction to enhance cross-border payment capabilities in Europe.
For more information on Ripple and XRP, including guides, tutorials, price updates, and news, be sure to check out the latest updates on Crypto News Flash.