The founder of Synthetix, Kain Warwick, considers the recent XRP ruling to be a significant victory for the cryptocurrency industry over the Securities and Exchange Commission (SEC). In an interview, Warwick expressed surprise and delight at the ruling, which validated aspects of decentralized finance (DeFi) that were not expected to succeed. However, he cautioned against premature celebration, emphasizing that the legal process still has a long way to go and the SEC may appeal the ruling. Warwick’s Synthetix is a major player in the decentralized finance arena.
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