Ripple’s CEO, Brad Garlinghouse, recently voiced strong opinions at a pivotal crypto roundtable organized by Democratic Congressman Ro Khanna. Despite Ripple CEO’s efforts to improve its legal standing, XRP’s price has remained sluggish, prompting some holders to explore more promising alternatives, with ETFSwap (ETFS) emerging as the top choice.
Ripple CEO Blasts SEC At Crypto Roundtable
Ripple CEO Brad Garlinghouse has strongly criticized SEC Chairman Gary Gensler, accusing him of waging an “unlawful war on crypto” and labeling him a “Luddite” for his resistance to new technology. Garlinghouse believes that Gensler’s politically motivated actions could harm the Democratic party in the upcoming US elections.
The timing of this criticism is particularly significant, as Ripple has been embroiled in a legal battle with the SEC for nearly four years. The company has submitted additional legal arguments to the court, aiming to sway the judge’s ruling in its favor. The filing cites the recent Binance case as a relevant precedent that supports the company’s position. However, the SEC has argued that Ripple’s and Binance’s cases are not similar.
XRP supporters believe the upcoming U.S. elections could significantly impact crypto regulations. XRP is currently trading at $0.4915, with the 100 moving average at $0.46 as key resistance and the 20 and 50 moving averages supporting the price. To regain its rising channel, XRP must break the resistance and cross the $0.55 mark.
Crypto enthusiasts are seeking regulatory support, and efforts towards crypto and potential changes in the U.S. political environment could significantly impact XRP’s future. A favorable regulatory environment could lead to a surge in XRP’s price and offer substantial growth opportunities for investors.
ETFSwap (ETFS): A Potential Alternative For Ripple Investors
While Ripple’s XRP faces uncertainty due to its ongoing legal battle with the SEC, ETFSwap (ETFS) has emerged as a potential alternative for Ripple holders. Both the ETFSwap platform and its native ETFS token have been performing well, with the platform boasting nearly 15,000 registered users and the token recording 300 million unit sales.
ETFSwap (ETFS) is a platform for investing in and trading ETFs, and with the booming ETF market enjoying massive attention, the platform has attracted the interest of investors seeking high-return crypto projects. While there are existing ETF platforms, ETFSwap (ETFS) stands out as the first platform to allow users to invest in real-world ETF-class assets, such as technology, health, transportation, and oil & gas, using cryptocurrency and blockchain technologies.
This unique feature enables investors to swap crypto for tokenized ETFs simply. It is able to achieve this through its partnership with investment banks that are MiCa compliant and deal with crypto and securities. Furthermore, as a platform that prioritizes security of its users, ETFSwap (ETFS) has completed its KYC verification and undergone a successful audit by the reputable firm Solidproof.
The ETFSwap (ETFS) platform utilizes AI-powered tools like the ETF Tracker and Screener to collect and analyze big data to deliver predictive and sentiment-based investment recommendations to its users. Beyond the integration of AI, the platform functions as a full-fledged trading platform, offering perpetual trading options with up to 50x leverage and staking options with up to 36% profit.
Holding the ETFS token also entitles investors to an APR yield of up to 87% and monthly airdrop rewards. These earning opportunities and the expected gains from the ETFSwap (ETFS) platform’s launch have led Ripple whales to accumulate the ETFS token ahead of the U.S. presidential elections, which is expected to bring a bull run.
Conclusion
ETFSwap (ETFS) boasts innovative features that are attractive to investors, particularly Ripple holders impacted by XRP’s underperformance. The platform’s native token, ETFS, is currently discounted at $0.01831 and is projected to rise to $0.03846 in the next presale stage. ETFSwap (ETFS) positions itself as a potential growth opportunity for those seeking to invest in a leading DeFi platform.
For more information about the ETFS Presale:
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