Bitcoin

<p>The post <a rel="noopener noreferrer nofollow" href="https://coinpedia.org/news/crypto-expert-raoul-pal-highlights-ripple-case-as-more-significant-than-grayscale-etf-decision/">Crypto Expert Raoul Pal Highlights Ripple Case as More Significant than Grayscale ETF Decision</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>In a recent interview with Crypto Banter, renowned macro guru Raoul Pal delved into the significance of two pivotal events in the cryptocurrency space: the Grayscale ETF decision and the U.S. Securities and Exchange Commission’s (SEC) stance on Ripple. When asked which of these developments he believed held greater importance for the future of cryptocurrencies, Pal made a compelling case for the Ripple victory.</p> 
<p>The conversation initiated with a crucial question: Which holds more weight – the Grayscale ETF decision or the SEC’s stance on Ripple? Pal proceeded to dissect these events, shedding light on their distinct implications.</p> 
<p>Firstly, Pal acknowledged the significance of the Grayscale ETF decision, describing it as akin to opening a door for an influx of capital into the crypto world. Essentially, it paves the way for mainstream investors to easily access Bitcoin, a development with substantial ramifications for the crypto market.</p> 
<p>However, Pal emphasized a fundamental distinction between the two events. An Exchange-Traded Fund (ETF) functions as a financial instrument facilitating the trading of an underlying asset, such as Bitcoin. Approval of an ETF does not fundamentally alter the nature of cryptocurrencies themselves but rather streamlines the process of capital infusion into the crypto ecosystem.</p> 
<p>Turning his attention to the SEC’s stance on Ripple, Pal articulated why this case bears paramount importance. He underscored that the Ripple case serves as a prototype for future developments in the realm of Web3, a broader concept encompassing blockchain integration across the internet.</p> 
<blockquote class="wp-block-quote"> 
 <p>Pal explained, “An ETF Bitcoin, as you say, this is just a flow of money. What the XRP Ripple case is all about is really about the future of Web3, which is a much bigger concept than just cryptocurrencies. It’s about the integration of blockchain technology.”</p> 
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<p>A pivotal moment in the Ripple case arrived when the presiding judge ruled that XRP does not inherently qualify as a security, asserting that it assumes this classification only when sold to experienced investors. This verdict was celebrated as a significant victory for the cryptocurrency industry.</p> 
<p>Simultaneously, Grayscale Investments achieved a milestone as a U.S. appeals panel granted them permission to convert their Bitcoin trust into an ETF, marking another substantial stride in the cryptocurrency sector.</p> 
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Crypto Expert Raoul Pal Highlights Ripple Case as More Significant than Grayscale ETF Decision

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