Famous crypto enthusiast Max Avery discusses the changing landscape of the crypto industry, specifically highlighting the fading suppression tactics against XRP. Avery suggests that SEC Chair Gary Gensler's actions were aimed at delaying the progress of the industry rather than halting it, allowing traditional financial institutions time to prepare. He identifies XRP as a disruptor in cross-border payments and frames the Ripple lawsuit as a strategy to hinder its growth. Avery believes that the Ripple verdict and the asset's focus on real-world utility have helped to destroy the suppression tactic against XRP. With suppression fading, Avery believes that investors who stuck with XRP during tough times are well-positioned to benefit from the transformative shift and the upcoming surge in crypto innovation. The article also mentions the expectation of a pro-crypto SEC chair under the forthcoming Donald Trump administration, which could potentially lead to the resolution of the Ripple lawsuit. This speculation has resulted in a rally for XRP, with the token hitting a two-year high. Currently, XRP is trading at $1.47, showing significant gains in the past seven days and the last 24 hours.
- Content Editor ( thecryptobasic.com )
- 2024-11-28
Expert Says Suppression Tactics Against XRP are Fading