Monica Long, the president of Ripple, has made a bold prediction regarding the future of cryptocurrencies. According to her, the industry will soon experience a significant shift from speculative hype cycles to a new era characterized by on-chain compliance. This suggests that the focus will shift from merely trading and speculating on cryptocurrencies to ensuring compliance with regulations directly on the blockchain. Long’s prediction is indicative of a growing recognition within the crypto community that compliance and regulatory adherence are crucial for the long-term sustainability and mainstream adoption of digital assets. This anticipated shift could potentially bring more stability and legitimacy to the crypto market.
HomeDIGITAL ASSETS REGULATORYworldwide-stablecoinRipple's President Predicts DeFi Compliance as a Major Industry Trend in 2024