Ripple CTO Shut Down Kraken Founder Dem XPR Criticism as Dem Dey Do IPO
Ripple CTO David Schwartz explain say di caution wey Kraken co-founder Jesse Powell get for XRP na because of regulatory uncertainty, no be personal bias. Powell talk say XRP get early connection to Ripple Labs and warn say e get 'asymmetrical risk' if US regulators classify XRP as security. Because of dis, Kraken suspend XRP trading for US customers to avoid enforcement. Di debate start afta Schwartz do one informal poll about Ripple IPO wey dey plan raise $100 million with $15 billion valuation. Crypto traders suppose dey watch legal developments for XRP as clear regulatory fit improve liquidity and price stability. But if matter remain clear, e fit cause short term volatility and affect exchange listings.
Neutral
Dis klarifikasin we Ripple CTO and di IPO deta dem no present any immediate bullish or bearish catalyst for XRP price. Short term, traders fit see neutral to small increase in volatility as market dey digest XRP regulatory debate. Long term, di resolution of XRP regulatory status fit be big catalyst; but until then, price movement likely go remain range-bound. Kraken decision to suspend XRP trading for US underline ongoing compliance risk but e don mostly dey priced in.