THE NEXT LEVEL OF CRYPTOCURRENCY
It is no longer a rumor that the Bank of England is getting ready to introduce the world's first digital pound, and the fact that Ripple is a member of the advisory board shouldn't come as a surprise to you. This is an additional way to inquire about their real goal, which is to introduce their digital money to the RippleNet. CBDCs are predicted to be the next big thing in crypto, facilitating a seamless transition between cash and cryptocurrency. Yet regrettably, this process has been delayed considerably by the confusion. The FTX lawsuit is one of the largest examples that appears to highlight restrictions.
We are all aware that the cryptocurrency exchange corporation has some politicians in its kitty. The day of judgment is now upon them, and FTX has warned these lawmakers to return their funds or face legal action. I didn't see this coming, but these politicians are going to receive what's coming to them. Gary Gensler is the only candidate the FTX should approach directly. With the approach to the cryptocurrency industry, we anticipate nothing but the worst for the market going forward because of this individual.
Gary Gensler's resignation would be the best thing for the crypto market and perhaps the entire IS market. In this approach, we may anticipate new regulations to be implemented more quickly and a safer and friendlier market. Yet, as long as Gary Gensler remains in power, the cryptocurrency market will see a severe crash that will make FTX appear like a minor one. We may anticipate CBDC this year since the rest of the globe appears to support the idea of a financial future for CBDC. The US dollar's status as the world reserve currency, however, may be under jeopardy if CBDCs are introduced in other nations before the US.