Many people who closely follow the case between Ripple and the SEC think that the case will end in Ripple's favor. However, Ripple CEO Brad Garlinghouse made statements about what could happen otherwise.
Following the debate between the CFTC and the SEC about which regulatory watchdog should be best suited to regulate cryptocurrencies, Ripple CEO and founder Brad Garlinghouse has given his opinion on the matter.
Ava Labs, the parent company of smart contract platform Avalanche, has found a new $350 million in funding. With this amount of funds raised, Ava Labs' market capitalization will increase to $5.25 billion.
As well as the comments that Bitcoin will exceed the level of 100 thousand dollars by the end of the year, important predictions continue to be made about the second largest cryptocurrency Ethereum. Arthur Hayes, the former CEO of the BitMEX exchange, joined those who expected a serious price movement, especially after the "2.0 update" or, as the project team said, "Merger". Hayes also targeted the end of the year for ETH and claimed that the price level of 10 thousand dollars will be exceeded. The former CEO also said, "MicroStrategy should buy Ethereum instead of Bitcoin."
The U.S. Securities and Exchange Commission's (SEC) legal watchdog over Ripple says there was evidence that a key SEC official was aware of a conflict of interest in the case at the time of the inception.
Speaking at the Bitcoin 2022 conference in Miami recently, Robinhood Chief Product Officer Aparna Chennapragada said that Bitcoin is the most purchased asset for the company so far this year. Chennapragada stated in his presentation that Bitcoin is the most purchased asset, without giving any figures.
The crypto community and industry favor Ethereum for most blockchain-based decentralized applications. But other chains may be better suited to handle the workload of decentralized autonomous organizations.