I get the feeling they’ve settled. The timing is when Gensler would end it, David said 2 days ago, ‘today was a good day’, and massive XRP transfers happening from Ripple to all the major exchanges. Plus, the price has held well over this latest dip. Someone knows something.
Binance isn’t banned in the UK. They just won’t be allowed to offer derivatives trading. And, they’re launching a Binance.UK site within a couple of weeks that will be fully FTA compliant (like they did with Binance.US). This is just a big FUD campaign.
Very happy with the recent XRP action but remember, BTC is 3x its 2017 high. If XRP matched that it’d be at $11.40 per XRP. So, it is still very undervalued.
If you’re excited about BTC ETFs and also hate on XRP for being a bankers’ coin, you might want to check your bias. The XRP hate stems from the early BTC libertarians misunderstanding what Ripple was trying to do (bankers’ coin vs actually empower small banks over big banks).
How about just approving a physical BTC ETF, like Canada, Switzerland, Germany, the UK and many other countries? Are you saying their financial regulators have overestimated the competence of their population. Or, are you saying the US population is less savvy than theirs?