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Is MicroStrategy undervalued?
CryptoSlate's latest market report takes a deep dive into MicroStrategy and its holdings to determine whether the Bitcoin pioneer could see its stock price skyrocket.
Andjela Radmilac · 4 days ago
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Ripple (XRP) CEO Brad Garlinghouse said the United States Securities and Exchange Commission (SEC) has “no infrastructure for a “registered token” to trade nor provided any clarity” on what these tokens are.
Garlinghouse noted that the SEC under Chair Gary Gensler, has severally urged crypto firms to register with the financial regulator. However, the commission has failed to provide a framework for trading registered tokens and what these tokens are.
Several community members also shared Garlinghouse’s view, with many advising Ripple to start rebuilding trust and showing the industry that there are good actors.
A crypto enthusiast Cuzzin Henry said:
“I don’t see anyone bashing the entire stock trading sector because of Bernie Madoff or others alike; the crypto industry just wants the same respect.”
Meanwhile, Garlinghouse’s statement reinforces his view about the US government’s approach to crypto regulation. He previously said this “regulation-by-enforcement” approach would force several crypto companies out of the US.
