Cryptocurrency

Victory

Bitcoin

Spot

<p>The post <a rel="nofollow" href="https://coinpedia.org/news/pro-xrp-lawyer-highlights-two-game-changing-events-ripples-victory-and-blackrocks-bitcoin-spot-etf/">Pro-XRP Lawyer Highlights Two Massive Wins for Crypto</a> appeared first on <a rel="nofollow" href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p><a href="https://coinpedia.org/news/deaton-calls-out-blackrocks-bitcoin-buy-profit-play-or-power-move/">John Deaton</a>, a pro-XRP attorney, has highlighted two monumental events that have left a huge mark on the world of digital finance: Ripple’s recent legal victory and BlackRock’s plan to introduce a Bitcoin exchange-traded fund (ETF).</p> 
<p>Here are his insights. </p> 
<h2 class="wp-block-heading" id="h-larry-fink-a-bitcoin-advocate">Larry Fink – A Bitcoin Advocate!</h2> 
<p>Deaton recently shared some insights on <a href="https://coinpedia.org/news/blackrock-faces-2-5m-fine-along-with-delisting-of-its-btc-etf/">BlackRock’s CEO</a>, Larry Fink, and his role in endorsing Bitcoin. In a tweet, he revealed Fink’s thoughts on Bitcoin’s global appeal from a CNBC interview.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">The two biggest things to happen to Crypto: the Ripple decision and Larry Fink and BlackRock joining the crypto bandwagon. Very difficult for <a href="https://twitter.com/GaryGensler?ref_src=twsrc%5Etfw">@GaryGensler</a> and <a href="https://twitter.com/ewarren?ref_src=twsrc%5Etfw">@ewarren</a> to call their donors “fraudsters, scammers hucksters, tax cheats, and money-launderers. <a href="https://t.co/t3SMqePzA2">https://t.co/t3SMqePzA2</a></p>— John E Deaton (@JohnEDeaton1) <a href="https://twitter.com/JohnEDeaton1/status/1679867197991124992?ref_src=twsrc%5Etfw">July 14, 2023</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
<p>Fink emphasized that BlackRock’s clients are increasingly seeking to invest in Bitcoin, recognizing its value on a global scale.</p> 
<p>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.</p> 
<p>Also Read: <a href="https://coinpedia.org/news/blackrock-bitcoin-etf-hidden-on-dtcc-site-since-august-market-shattering-impact-this-week/">BlackRock’s Bitcoin ETF IBTC Ticker Disappears: Is It Happening or Not?</a></p> 
<p><strong>Hopes are high!</strong></p> 
<p>Furthermore, the influence of BlackRock, a financial powerhouse, has fueled optimism regarding the approval of a <a href="https://coinpedia.org/news/secs-decision-on-bitcoin-etf-approval-john-deaton-shares-two-possible-scenarios-2/">Bitcoin spot ETF</a>. This development represents a significant step toward legitimizing cryptocurrencies within the traditional financial landscape.</p> 
<h2 class="wp-block-heading" id="ripple-s-win-is-a-win-for-crypto">Ripple’s Win Is a Win for Crypto </h2> 
<p>In a separate development, Ripple’s recent <a href="https://coinpedia.org/news/whats-next-for-ripple-vs-sec-lawsuit-with-sec-dropping-charges-against-ripple-executives/">legal success</a> against the SEC is a significant achievement for the entire cryptocurrency industry. <a href="https://coinpedia.org/news/ripple-vs-sec-a-deep-dive-into-the-ongoing-battle-and-key-issues-ahead/">Ripple</a> successfully argued that the sale of XRP on exchanges should not be considered an investment contract, setting a precedent with far-reaching implications. </p> 
<p>This victory also has implications for cryptocurrency exchanges like Binance and Coinbase, which are currently involved in similar securities cases.</p> 
<p>Read More: <a href="https://coinpedia.org/news/the-sec-vs-ripple-lawsuit-john-deaton-explains-why-a-quick-settlement-is-unlikely/">Ripple vs. SEC: $770M Penalty in Question, but Is a Settlement in Sight?</a></p>

Pro-XRP Lawyer Highlights Two Massive Wins for Crypto

Table of Contents

CoinPedia News

Other articles published on Oct 26, 2023

GRT Price Analysis: Tables Turn For GRT, Will It Reach $0.13?

Binance Appoints a New Head for Central and Eastern Europe!

COP Stock: What’s Next in ConocoPhillips Stock $110 And $130?

Bitcoin flips Tesla’s market capitalization amid strong BTC price rally

SEC’s Gensler Highlights $5 Billion in Judgments; Casts Shade on Crypto Compliance

SBF trial day 13: FTX founder claims ignorance in mock testimony

Join our free newsletter for daily crypto updates!