US is the only country behind. Trump knows it. Its why we are here. Lawsuits done. Bills passed. Tomorrow the big one. So many investors institutions waiting for this act. To basically know the limitations of what they can do. Most policy in these firms are not to mess with any investment in litigation or lack of rules. The smart ones know. Seen the work the last 11 years. Its happening
Today, @Ripple announced the acquisition of Hidden Road for $1.25B, one of the largest deals ever in the crypto space. But the price tag isn’t what’s most important – it’s that this deal marks a once-in-a-lifetime opportunity for crypto to access the largest and most trusted traditional markets, and vice versa.
Prime brokers (along with other key functions historically managed by banks for the most part) like Hidden Road have proven themselves as *the* trusted intermediary for the largest hedge funds, market makers, OTC desks, quant traders and more. Ripple has been a customer of Hidden Road for years, and we know their breadth of expertise firsthand, clearing $3 TRILLION annually for 300+ of the top financial institutions globally.
This is the capital and activity that will tap into XRP and the XRP Ledger’s bread-and-butter – instant, efficient, scalable and low cost movement of value. Instead of waiting for <24 hours to settle trades through fiat rails, Hidden Road will be using XRPL for clearing a portion of trades, and most consequentially, using RLUSD as collateral across its prime brokerage services, including cross-asset (crypto and traditional instrument) trades.
With this deal and the backing of Ripple’s significant balance sheet, Hidden Road will exponentially expand its capacity to service its pipeline and become the largest non-bank prime broker globally.
Ripple and Hidden Road combined are a generational leap forward, ready to truly bring the worlds of traditional and decentralized finance together. https://t.co/UYOOyQ21dG
Ripple has secured regulatory approval from the Dubai Financial Services Authority (DFSA), making us the first blockchain payments provider licensed in the DIFC. https://t.co/LnEOSozNB7
This milestone unlocks fully regulated cross-border crypto payments in the UAE, bringing faster, cheaper, & more transparent transactions to a $40B market. 🇦🇪
@_Toomuchfun@KingKaranCrypto Brad Garlinghouse is on the United States White House crypto Council. Along with every member in that row. The rest are looking at them.
@Skullnbonz3@JacobKinge Silk road seizures were sold off and use to fund various government organizations. Maybe @elonmusk should have @DOGE look into the funds. It was billions that government seized.
@Steph_iscrypto This is false. The SEC can not have a close door meeting without announcing it, hence The sunshine act. To date as of just now. The SEC has not posted they are having a closed door meeting. It would be illegal to have one without post such event.