Ripley Predicts the SEC Will Lose Its Crypto Enforcement Lawsuits
Dave Ripley · Dave Ripley: Are the SEC Overreaching with its Approach to Crypto? Should Gensler Step Down? | E1108 · 20VC with Harry Stebbings · Jan 26, 2024 · at 8:39
Kraken CEO Dave Ripley addresses ongoing US SEC legal actions against major crypto exchanges following SEC court losses regarding XRP and Grayscale.
0:00 / 0:14exact quote · 14.2s
▶ Watch the full episode on YouTube → 720p mp4 · rendered on demand · StarZero watermark
“They won't be successful, right? They've lost an XRP. They've lost the grayscale thing. They just kind of continue to not see success with these with these actions. So I don't think they, you know, they won't be successful.”
quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →
More from Dave Ripley
Ripley: SEC's Crypto Approach Is Flawed Compared to Canada and Europe
“Their entire approach is off. Right. So it's just completely off. And so the right approach is what we see everywhere, what we see in Canada and in Europe and in UK where parliament or legislatures work, work to put in place proper laws.”
Ripley Predicts Kraken and the Crypto Industry Will 10x in Five Years
“I think we will be at a meaningfully different place as an industry in order of magnitude bigger. I think Kraken will likely be more than an order of magnitude bigger in that timeframe.”
Ripley Claims Most 2024 US Presidential Candidates Are Pro-Crypto
“The majority of the candidates out there are you know, pro Bitcoin, pro cryptocurrency.”
Ripley Predicts the US Will Elect a Pro-Crypto President Soon
“Over the coming set of elections, we will have a pro-Bitcoin, pro-cryptocurrency president, because crypto and Bitcoin are naturally going to grow.”
Ripley: Crypto Exchanges Are Not Commoditizing Due to Foundational Complexity
“I think it's going in the opposite direction. It's extraordinarily difficult to get all the foundations right, security, red compliance, all these different pieces. So much so that we've seen a lot of companies come, not just go by the wayside, but completely …”
Ripley: Bitcoin Volatility Trends Upward Long-Term Unlike Depreciating Fiat
“First I'll point out that it's a lot of volatility up and to the right across the, you know, the history of the, you know, of Bitcoin. And it, it's not a lot of volatility and down and to the right as you know, most fiat currencies perform.”