Team Ripple lets us know what to expect from cryptocurrency and blockchain technology going into 2021.<\/p>\n
The latest post<\/a> from the San Francisco-based fintech giant covers multiple topics, including the ever blurring lines between crypto and banking, as well as expected changes in the DeFi market structure.<\/p>\n But perhaps most pressing, in light of the looming SEC legal action<\/a>, is their statement on regulatory clarity. The report itself didn't address the SEC issue directly. Ripple hopes the Biden administration will be more sympathetic to the crypto cause.<\/p>\n Joe Biden will take office today to become the 46th president of the United States. Biden is in the process of selecting his new cabinet. Already confirmed for the SEC Chairman's role is former Head of the Commodity Futures Trading Commission, Gary Gensler<\/a>.<\/p>\n On the appointment, IOHK CEO Charles Hoskinson<\/a> remarked<\/a> that Gensler, as a professor of blockchain at MIT, is at least knowledgeable about the crypto industry. Adding, nothing suggests that Gensler will take a hardline approach.<\/p>\n “There is no indication at the moment that there is going to be a very anti-crypto SEC.”<\/p><\/blockquote>\n With that, the stage is set for Ripple to forge a collaborative relationship with the new administration.<\/p>\n Ripple CEO Brad Garlinghouse tweeted<\/a> his congratulations to Gensler at the start of the week. He said he is open to working with the new administration to take the U.S. crypto industry forward together.<\/p>\n Congrats to Gary Gensler! We\u2019re ready to work with SEC leadership and the broader Biden administration to chart a path forward for blockchain and crypto innovation in the US. https:\/\/t.co\/EEloq4lwrG<\/a><\/p>\n — Brad Garlinghouse (@bgarlinghouse) January 18, 2021<\/a><\/p><\/blockquote>\nBiden inauguration marks a fresh start for the crypto industry<\/h2>\n
\n