It is VERY revealing that Ripple, the currency backed by XRP enjoys decent growth in markets that possess clear guidance on crypto policy unlike the US. It shows that our Federal Reserve harbors serious trepidations on allowing security classifications for that type of asset until the Fed CBDC is up and running.Control is key and no matter what the Fed does it MUST allow for global adoption of their digital currency because the US is still the hub in the global financial wheel. Slippery slope at this point.

Written by Michael E Dehn

Founder and CEO of Metro Pulse a continually running enterprise since May 1980.

August 3, 2023

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