Financial expert Levi Rietveld recently analyzed the SEC's new initiative related to cryptocurrency regulation, which may fundamentally change the market.
SEC's New Cryptocurrency Regulation Initiative
Levi Rietveld claims that the SEC has unveiled a rulemaking plan to reform the regulation of digital assets in the U.S. He emphasized that this event is significantly important, as the new regulations could open doors for institutional investors in the cryptocurrency sector.
Integration with Major Blockchains
Rietveld highlighted that institutional projects will be integrated with existing blockchain infrastructures. He noted that while Ethereum may serve as the initial platform for many token launches, over time, assets like stablecoins will adapt to other networks, including the XRP Ledger, Solana, and Binance Smart Chain. He stresses that cross-chain capabilities could lead to significant inflows into these networks.
Community Reaction and Market Dynamics
Despite Rietveld's optimism about the SEC's new regulatory framework, some observers expressed skepticism. One user on platform X pointed to XRP's declining price, stating: 'Meanwhile in the real world XRP is dumping AGAIN.' According to CoinMarketCap, XRP is currently trading at $2.81, reflecting a 5.81% decline over the past 30 days. This highlights the gap between regulatory announcements and immediate market reactions.
The SEC initiative has the potential to change the regulation of digital assets and open new opportunities for Wall Street participation in blockchain projects. However, the current market situation of XRP underscores a significant gap between expectations and reality.
