👀<4 weeks, and XRP is now the fastest crypto Spot ETF to reach $1B in AUM (since ETH) in the US.
With over 40 crypto ETFs launched this year in the US alone, a few points are obvious to me:
1/ there’s pent up demand for regulated crypto products, and with Vanguard opening up access in traditional retirement / trading accounts for Americans..crypto is now accessible to millions more people who don’t need to be experts in the technology
2/ longevity, stability and community are all underrated themes that matter to this new set of “offchain” crypto holders
HUGE news! @Ripple just received conditional approval from the @USOCC to charter Ripple National Trust Bank. This is a massive step forward - first for $RLUSD, setting the highest standard for stablecoin compliance with both federal (OCC) & state (NYDFS) oversight.
To the banking lobbyists – your anti-competitive tactics are transparent. You’ve complained that crypto isn’t playing by the same rules, but here’s the crypto industry – directly under the OCC's supervision and standards – prioritizing compliance, trust and innovation to the benefit of consumers. What are you so afraid of?
I need to say this openly and honestly.
I have always liked XRP.
I believed in the asset.
I believed in the ledger.
But I was sceptical about Ripple.
About intentions.
About direction.
About whether they would truly align with the long term future of global finance instead of short term optics.
Today that scepticism ends.
Ripple receiving OCC conditional approval to charter a National Trust Bank changes everything.
This is not marketing.
This is not lobbying.
This is not narrative crafting.
This is submission to the highest level of regulatory oversight in the United States.
Federal oversight.
State oversight.
Full accountability.
You do not take this path unless you are serious.
You do not invite this level of scrutiny unless you are building something meant to last decades.
I admit it plainly.
I was wrong.
And because of that I can now wholeheartedly support Ripple with conviction.
Not just XRP the asset
But Ripple the institution.
This is what maturity looks like.
This is what legitimacy looks like.
This is what the future of crypto actually looks like.
Respect where it is due.
@Cobb_XRPL $6-$9 was predicted earlier for this bull run year. So maybe some whales will try to trigger that. Let's go. I'm ready and hopeful until early next year.
‘EZRP’ fit the EZ formula, but the $XRPZ ticker was just too clean to pass up.
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@FamousTonyQuote@DiepSanh Yea, what scam? If you just hold them on a reputable exchange, they're fine. I never got scammed. Experienced a hack, but the exchange then gave me $, and I bought back.
@XRPcryptowolf Absolutely. But it's crypto. This happens always. It's not because it's XRP, it's whale play.
Right now we're going up rapidly. But who knows what tomorrow brings.
The stress is the price you pay for crazy gains, you can not get in any other market.
@stedas I have both, both good crypto, but I have way more XRP. I'm old-school. No meme coins, not chasing hypes, I'm investing in value. And sucking up the volatility that comes with crypto no matter what you invest in.
@XRPcryptowolf True. Problem is speculation/manipulation. Yes, ETF's, Ripple initiatives, winning SEC case, all of that makes XRP shiny enough that buyers will keep coming back. But in the mean time whales are kicking around, and make price action hard to predict. I just wait :-)
@Hamajama362747y@XRPcryptowolf In a few years during the lowest of the bear cycle it will dip deep, like always, but I don't think we'll see dimes again. I don't expect it to go under $1 anymore. But what do I know ;-)