Corporate Capitulation: Is Ripple’s Buyback A Sign Of XRP Struggles?
November 12th 2020
Now that Trump is likely to leave office, the XRP community have been discussing a lot of things. Some felt that With Trump there were more changes for crypto adoption. However, it is not erasable on how Trump came out and said how he was against Bitcoin. Probably, he said it because Bitcoin was Chinese. Some users think he was mainly against the Chinese cryptos like Bitcoin!
Worthy recollecting what Donald J. Trump tweeted in the past stating that he was not a great fan of Bitcoin and other cryptocurrencies. He also stated that cryptos were not money and that their value is volatile and based on thin air. He also pointed to how Unregulated Crypto Assets can facilitate unlawful behavior, including drug trade and other illegal activity.
Probably, Donald Trump would have accepted cryptocurrencies if they were regulated.
Brad Garlinghouse tweeted: “Democracy wins – regardless of who you voted for, it’s incredible to see the historic voter turnout this election. Congrats to President-elect Joe Biden and Vice President elect Kamala Harris – Its time to come together and turn to the many challenges that lie ahead.”
Uncertainty in Crypto Regulation Ripple XRP Unhappy
Brad Garlinghouse very recently clarified on comments about Ripple “fleeing” the US. He stated that unequivocally that it was not the case. He stated that they were a proud US-based company, and would like to stay in the US, but expressed his concern over the lack of regulatory clarity and level playing field which has been forcing them to evaluate other jurisdictions.
Hopefully a new government might make possible some kind of regulation that the crypto experts think they need to have. However, when regulation comes in the idea of decentralization is going to go out through the window. Though, crypto users wish they do not want to be a part of the political theater, it is not possible to progress beyond a certain stage beyond political intervention.
Onlookers feel that it is kind of funny to reflect on all the different occasions about how Brad and Ripple mention that they are working with the regulators since day one and yet during 2020 where Chris Larsen and Brad Garlinghouse are complaining publicly about regulatory uncertainty.