{"id":52906,"date":"2023-06-22T15:27:12","date_gmt":"2023-06-22T19:27:12","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=52906"},"modified":"2023-06-22T15:27:14","modified_gmt":"2023-06-22T19:27:14","slug":"xrp-attorney-recalls-gary-genslers-interview-for-crypto-blueprint","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/xrp-attorney-recalls-gary-genslers-interview-for-crypto-blueprint\/","title":{"rendered":"XRP Attorney Recalls Gary Gensler’s Interview for ‘Crypto Blueprint’"},"content":{"rendered":"\n

Gary Gensler made some remarks regarding the widespread adoption of cryptocurrencies <\/a>in an interview from the past.<\/p>\n\n\n\n

\"\"
XRP Attorney Recalls Gary Gensler's Interview for ‘Crypto Blueprint'<\/figcaption><\/figure>\n\n\n\n

In response to claims that ‘the great accumulation of Bitcoin' has begun, traders have investigated how the U.S. Securities and Exchange Commission \r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a>(SEC) treated crypto-native enterprises in the past. <\/p>\n\n\n\n

This comes after corporate titans in the United States shifted gears abruptly when it came to taking the next significant step toward entering the digital assets market. In a series of events, major financial institutions such as BlackRock, Invesco, Fidelity Investments, Wisdom Tree, and Valkyrie Funds have joined the cryptocurrency bandwagon.<\/p>\n\n\n\n

Given the immense influence that these major players have in the conventional financial world, it is inevitable that these developments will have a lasting impact on the crypto market. Blackrock, for instance, manages the assets of hundreds of companies across industries and the globe.<\/p>\n\n\n\n

Gary Gensler ‘Crypto Blueprint'<\/h2>\n\n\n\n

John Deaton, the attorney representing XRP Token holders in the Ripple vs. SEC<\/a> litigation, recalled SEC Chair Gary Gensler's old interview with U.S. investor Tim Draper, in which Draper speculated on a potential blueprint for cryptocurrency adoption. <\/p>\n\n\n\n

Draper could be overheard informing Gensler that incumbents (banks) would initially sue crypto businesses, then exert media pressure and leverage government regulators to slow its progress before adopting the space. <\/p>\n\n\n\n

Thus, Deaton indicated that Draper's prediction parallels the recent interest of major corporations in cryptocurrency. Famous crypto influencer Preston Pysh made a similar viral remark, reaching up to 2 million views.<\/p>\n\n\n\n

I'm sorry, but after watching, Blackrock, Fidelity, Citadel, Schwab and now Deutsche Bank, all apply for #Bitcoin<\/use><\/svg><\/span><\/a> ETFs, spot exchanges, etc. only a few days after the SEC drops a TRO on Binance and sues Coinbase… how can't you think this entire past year was a giant inside job\u2026<\/p>— Preston Pysh (@PrestonPysh) June 20, 2023<\/use><\/svg><\/span><\/a><\/blockquote> \n","protected":false},"excerpt":{"rendered":"

Gary Gensler made some remarks regarding the widespread adoption of cryptocurrencies in an interview from the past. In response to claims that ‘the great accumulation of Bitcoin’ has begun, traders have investigated how the U.S. Securities and Exchange Commission (SEC) treated crypto-native enterprises in the past. This comes after corporate titans in the United States […]<\/p>\n","protected":false},"author":53,"featured_media":52910,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[5371,14992,5789],"class_list":["post-52906","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin-2","tag-crypto-blueprint","tag-united-states-2"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2023\/06\/VB.jpeg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/52906","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/53"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=52906"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/52906\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/52910"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=52906"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=52906"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=52906"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}