Ripple CEO Embraces Potential XRP ETFs Amid Circle’s USDC Shift from Tron & Pro-Crypto Senate Campaign Launch
The post Ripple CEO Embraces Potential XRP ETFs Amid Circle’s USDC Shift from Tron & Pro-Crypto Senate Campaign Launch appeared on BitcoinEthereumNews.com.
Ripple’s CEO Brad Garlinghouse expresses support for XRP-based ETFs, citing diversification benefits for investors. Circle announces the cessation of USDC minting on the Tron network, focusing on enhancing trust and safety. John Deaton, a pro-crypto advocate, initiates a Senate campaign without directly mentioning crypto, aiming to dethrone Elizabeth Warren. In today’s dynamic crypto landscape, Ripple’s endorsement of XRP ETFs, Circle’s strategic pivot away from Tron, and John Deaton’s unique Senate bid underscore the complex interplay of innovation, regulation, and political advocacy shaping the future of digital assets. Ripple Advocates for XRP-based ETFs Ripple’s CEO, Brad Garlinghouse, has publicly voiced his support for the creation of exchange-traded funds (ETFs) based on XRP, highlighting the potential for such financial instruments to diversify investment risks. In an interview with Bloomberg, Garlinghouse predicted the inevitability of ETFs encompassing various digital tokens and emphasized the importance of custody solutions in the crypto ecosystem. This comes on the heels of Ripple’s acquisition of Standard Custody & Trust, signaling a strategic move to bolster the foundational infrastructure necessary for the successful adoption of cryptocurrencies. Circle Ends USDC Issuance on Tron In a significant development, Circle, a leading stablecoin issuer in the United States, announced its decision to halt the minting of USD Coin (USDC) on the Tron blockchain. This decision is part of Circle’s broader initiative to ensure the trustworthiness, transparency, and safety of USDC. Although no specific reason was provided for discontinuing Tron support, the company described it as a conclusion drawn from a comprehensive, enterprise-wide review. Circle has pledged to facilitate USDC transfers on alternative blockchains for its business clients through February 2025 and advises retail users to transition their TRON-based USDC to supported networks. John Deaton’s Crypto-Silent Senate Bid John Deaton, an attorney known for his advocacy in the crypto space, has officially launched…
Filed under: News - @ February 21, 2024 7:20 pm