{"id":565466,"date":"2021-01-24T11:40:21","date_gmt":"2021-01-24T08:40:21","guid":{"rendered":"https:\/\/en.ethereumworldnews.com\/?p=565466"},"modified":"2021-01-24T11:40:21","modified_gmt":"2021-01-24T08:40:21","slug":"ripple-xrp-could-benefit-from-a-biden-administration-analyst","status":"publish","type":"post","link":"https:\/\/en.ethereumworldnews.com\/ripple-xrp-could-benefit-from-a-biden-administration-analyst\/","title":{"rendered":"Ripple & XRP Could Benefit from a Biden Administration – Analyst"},"content":{"rendered":"
Quick take:<\/strong><\/p>\n Popular Bitcoin and Crypto analyst, MagicPoopCannon<\/a>, is optimistic that President Biden’s picks for the US Treasury, the SEC and OCC, will provide the much needed regulatory clarity<\/a> in the United States. Furthermore, such clarity will ultimately benefit Ripple and XRP that are in the midst of an SEC lawsui<\/a>t claiming that Ripple carried out an unregistered securities offering.<\/p>\n Magic’s exact comments on President Biden’s picks can be found below<\/a>.<\/p>\n With Gary Gensler heading the SEC, Janet Yellen heading the US Treasury, and former Ripple executive Michael Barr poised to lead the US OCC, there is clearly going to be a focus on sweeping crypto regulatory reform in the US, and I’m optimistic for Ripple and XRP<\/a>.<\/p><\/blockquote>\n Earlier this week, the crypto-verse was shaken by comments of President Biden’s pick for the Treasury, Dr. Janet Yellen. In a CNBC interview, Dr. Yellen expressed concern<\/a> that digital assets could be utilized in illicit activities.<\/p>\n\n
US Treasury Nominee, Dr. Yellen, Clarifies Her Comments on Digital Assets<\/h2>\n