John Deaton a pro-XRP lawyer, highlighted two monumental events that 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).
Larry Fink – A Bitcoin Defender!
Deaton recently shared some thoughts on CEO of BlackRock, Larry Fink, and his role in Bitcoin approval. In a tweet, he revealed Fink’s reflections on the world attraction of Bitcoin during an interview with CNBC.
Fink highlighted that BlackRock clients are increasingly looking to invest in Bitcoin, recognizing its value on a global scale.
Deaton further highlights the importance of Larry Fink’s endorsement of Bitcoin. He believes that regulators such as the SEC and lawmakers can no longer dismiss crypto proponents as “fraudsters, scammers, hucksters, tax evaders, and money launderers,” a label unfairly assigned to the crypto community.
Hopes are high!
Additionally, the influence of financial powerhouse BlackRock has fueled optimism about the approval of a Etf in Bitcoin cash. This development represents an important step towards the legitimization of cryptocurrencies in the traditional financial landscape.
Ripple’s victory is a victory for crypto
In a separate development, the recent Ripple legal success against the SEC is a significant achievement for the entire cryptocurrency industry. Ripple successfully argued that the sale of XRP on exchanges should not be considered an investment contract, setting a precedent with far-reaching implications.
The victory also has implications for cryptocurrency exchanges like Binance and Coinbase, which are currently embroiled in similar securities cases.