Ripple's Victory, Gensler's Resentment, and Forgotten NFTs: An Overview of Memes
Date: 2023-07-16 Author: Karina Ziganova Categories: CRYPTO PAYMENTS, IN WORLD
The weekend is on the calendar, which means it's time to look back at the main cryptocurrency news of the outgoing week. We tell you what happened. To make the immersion in cryptocurrency news positive, we suggest plunging into the past with the help of memes
The main news of the outgoing week is the long-awaited victory of the Californian crypto project Ripple over the US Securities and Exchange Commission (SEC). The event caused a storm of emotions in the crypto community. Participants in the crypto industry joke that they have been waiting for Ripple's victory for so long (the SEC sued the startup in December 2020) that now they simply have no words - only emotions:
Not without jokes about how funny the head of the SEC, Gary Gensler, who contributed to the pressure on Ripple, looks now:
Also, members of the crypto community did not miss the opportunity to make fun of colleagues who react too emotionally to the growth of the market against the backdrop of Ripple's victory over the SEC.
"An increase of 15%.
I'm going to buy a Lamborghini soon!
In the meantime, the overall result of investments, taking into account the growth of the asset exchange rate by 15%, is minus 75%."
However, many believe that active growth awaits the market ahead, which will improve current results.
"My crypto portfolio is now, and it's in 2025."
In the meantime, investors have gone on the hunt for coins that will allow them to capitalize on the positive movement of the market. Experienced members of the crypto community joke that the singer's security guard Taylor Swift has become an excellent illustration of cryptans who are looking for a potentially profitable project in a bunch of options.
Against the backdrop of growing interest in XRP and a potential solution to the problem of the status of cryptocurrencies in the United States, investors seem to have completely forgotten about NFTs.
"My NFTs when I try to sell them."
Also, members of the crypto community do not let go of the tension around applications for the launch of a spot bitcoin ETF, which the SEC received from a number of large companies. Investors are ironic that the Commission can deal with applications in the same way as in all past times - to reject them.
"Miniature: SEC and Market Participants' Bids to Launch a Spot Bitcoin ETF."
