The content discusses the negative response from the crypto community to an interview with SEC Chair Gary Gensler. Gensler expressed concerns about the crypto market being filled with fraudsters and stated that US securities laws should apply to crypto. The article also mentions the ruling in the SEC v Ripple case, where Judge Torres declared that XRP is not a security. The uncertain regulatory environment and the possibility of a November Fed rate hike are also discussed. The technical analysis of XRP’s price movement is provided, indicating mixed signals in the short-term and bearish signals in the long-term.
AI Sentiment: Negative
