🚀Is Circle's Acquisition for #Ripple ...
The potential acquisition of Circle, issuer of the USDC stablecoin, by Ripple has sparked significant controversy. While Ripple seeks a swift entry into the stablecoin market, legal experts like Gabriel Shapiro warn of a possible "crypto apocalypse." Shapiro argues that this merger could create a disastrous and anti-competitive monopoly, recalling Ripple's history of alleged campaigns against competitors.
The operation would face rigorous antitrust scrutiny, with the possibility that regulators like the DoJ and the FTC may intervene to prevent Ripple from gaining excessive control over the stablecoin business, threatening the decentralization and competition in the sector.
#TradeStorie
The potential acquisition of Circle, issuer of the USDC stablecoin, by Ripple has sparked significant controversy. While Ripple seeks a swift entry into the stablecoin market, legal experts like Gabriel Shapiro warn of a possible "crypto apocalypse." Shapiro argues that this merger could create a disastrous and anti-competitive monopoly, recalling Ripple's history of alleged campaigns against competitors.
The operation would face rigorous antitrust scrutiny, with the possibility that regulators like the DoJ and the FTC may intervene to prevent Ripple from gaining excessive control over the stablecoin business, threatening the decentralization and competition in the sector.
#TradeStorie
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