BlackRock Passes on XRP ETF Amid Ripple Lawsuit Uncertainty, While CEO Blasts SEC Chair as Innovation Roadblock
• BlackRock not launching a Ripple XRP ETF due to ongoing regulatory uncertainty/lawsuit with the SEC regarding XRP's security status
• Ripple CEO criticizes SEC Chair Gary Gensler as a "political liability" harming crypto innovation and growth
• Technical analyst warns that failure to hold key $0.55 support level could trigger significant XRP selloff to $0.34
• BlackRock decision shows broader institutional caution around crypto assets with unsettled regulatory standing
• Outcome of Ripple-SEC case could set important precedents on how digital assets are treated under US law