Professor Gary Gensler vs. SEC Chair Gary Gensler: Crypto Long & Short

CoinDesk reported:

XRP TIME?: For its adherents, the XRP token and its associated blockchain have long typified a core goal of crypto: removing friction in the global financial system. A main proposed use case: cross-border remittances, something that’s not exactly super cheap or easy via conventional banks. Yet, XRP has languished after U.S. regulators said in 2020 that it’s a security. Major exchanges delisted it. But Ripple, the company behind the token, fought that ruling and last week got some qualified good news: XRP sometimes isn’t a security. Major exchanges changed their tune and agreed to list it again. So now the question becomes: Can XRP, whose price shot up after the court ruling, start achieving that goal?

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