Pro-XRP Lawyer Highlights Two Game-Changing Events: Ripple’s Victory and BlackRock’s Bitcoin Spot ETF

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Ripple Attorney John Deaton’s Take on SEC’s Bitcoin ETF Stance

The post Pro-XRP Lawyer Highlights Two Game-Changing Events: Ripple’s Victory and BlackRock’s Bitcoin Spot ETF appeared first on Coinpedia Fintech News

John Deaton, a pro-XRP attorney, has highlighted two monumental events that have left an indelible mark on the world of digital finance. These important events are Ripple’s recent legal victory and BlackRock’s plan to create a Bitcoin exchange-traded fund (ETF).

John Deaton Says BlackRock’s CEO Embraces Bitcoin’s Global Influence

John Deaton recently made a tweet on the X platform, shedding light on the new role that BlackRock’s CEO, Larry Fink, in promoting Bitcoin.

The two biggest things to happen to Crypto: the Ripple decision and Larry Fink and BlackRock joining the crypto bandwagon. Very difficult for @GaryGensler and @ewarren to call their donors “fraudsters, scammers hucksters, tax cheats, and money-launderers. https://t.co/t3SMqePzA2

— John E Deaton (@JohnEDeaton1) July 14, 2023

Eventually, Deaton shared an excerpt from one of Fink’s interviews with CNBC, where Fink discussed Bitcoin’s international appeal. He emphasized that BlackRock’s clients are increasingly demanding exposure to Bitcoin, recognizing its value on a global scale.

Deaton further underscores the significance of Larry Fink’s endorsement of Bitcoin. He believes that regulatory bodies such as the SEC and lawmakers can no longer dismiss crypto proponents as “fraudsters, scammers, hucksters, tax cheats, and money launderers,” a label that has been unfairly attached to the crypto community.

Furthermore, the influence of BlackRock, a financial powerhouse, has fueled optimism regarding the approval of a Bitcoin spot ETF. This development represents a significant step toward legitimizing cryptocurrencies within the traditional financial landscape.

Monumental Ripple Labs Victory Reshapes Cryptocurrency Legal Landscape

Meanwhile, ripple’s recent legal triumph against the SEC, in which they successfully argued that the sale of XRP on exchanges does not constitute an investment contract, is considered a significant victory for the entire cryptocurrency industry.

This verdict has far-reaching implications, providing a precedent for cryptocurrency exchanges like Binance and Coinbase, which are currently entangled in related securities cases.

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