Gemini‘s XRP Campaign Increases Major Development Speculation
gemini, a US-based cryptocurrency exchange, recently launched a series of social media posts that excited the XRP community. This surge in activity began with a post that cunningly brought the following: XRP followed by increasingly direct messages that appealed to investors and analysts alike. This campaign, marked by the cryptic hint that something exciting about the token was “coming soon,” led to widespread speculation about what Gemini might reveal.
XRP’s Influencers Value Gemini’s Focus
Following Gemini’s intriguing posts, prominent XRP community members quickly offered theories, including Eri, a well-known YouTuber. Eri points to Gemini’s recent appointment as custodian of VanEck’s Bitcoin ETF and its approval to operate as a Digital Asset Service Provider in France as potential indicators of an upcoming significant development; XRP related ETF. Meanwhile, other influencers such as Ashley Prosper suggest that Gemini may be preparing to introduce the token on the recently launched French exchange platform.
While Gemini’s campaign hints at a potential move towards XRP, Black RockThe asset management giant has reportedly decided not to launch an XRP ETF.
This decision is in the ongoing SEC v. Regulatory uncertainty surrounding the token despite the ripple lawsuit and the ruling that it is not an “investment contract.” BlackRock’s cautious stance underscores the complex regulatory environment in which XRP currently operates.
SEC v. Ripple Legal Battle and Its Consequences
SEC’s lawsuit The ongoing fight against Ripple in 2024 plays an important role in the future of XRP. Ripple’s latest response to the SEC’s enforcement request and the progress of the case are being closely watched by the XRP holding community. The outcome of the case is expected to provide much-needed clarity on the token’s regulatory status, which could impact major investment decisions by firms like BlackRock.
In addition to intrigue, Gemini‘s recent social media activity included a riddle that subtly referenced XRP, further fueling speculation among community members.
The nature of the puzzle, which points to XRP’s characteristics, suggests that Gemini’s announcement may be closely linked to the digital asset. This approach mirrors Gemini’s past strategies where social media promotions preceded major platform updates.
Also Read: Grayscale Takes a New Look at the Bitcoin ETF Marketing Battle
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Kelvin is a distinguished author specializing in crypto and finance, with a bachelor’s degree in Actuarial Science. Known for her sharp analysis and insightful content, she is fluent in English and specializes in comprehensive research and on-time delivery.
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