Australian Crypto Community Remains Enthusiastic Despite Regulatory Concerns

The crypto community in Australia remains enthusiastic about digital assets, despite regulatory concerns dominating discussions at recent crypto conferences. Attendees are more interested in discussing intelligent questions around regulation and tax rather than the extravagant parties of past events. While regulatory concerns remain high, the rise in the price of Bitcoin is encouraging the crypto-curious to attend conferences and ask beginner-level questions.

At a recent meetup event hosted by Binance Australia, regulation was the most popular point of discussion. Attendees asked intelligent questions about regulation, reflecting a more serious tone at the conference. The bear market did not seem to discourage attendees, with many newcomers showing interest in attending and asking beginner-level questions.

Meanwhile, XRP Las Vegas, a conference for XRP enthusiasts and the “XRP Army,” also saw attendees asking well-thought-out questions about regulation. Attorney John E. Deaton, a social media commentator on the SEC’s lawsuit against Ripple, noted that the frustration among XRP fans was not due to fear but to the lack of regulatory clarity in the United States.

The recent tone of crypto conferences has become more serious, with attendees asking more intelligent questions about regulation and tax. Tiffany Fong, a popular crypto vlogger who attended her first crypto conference this year, noted that the parties and events were much tamer than in previous years. While some attendees may miss the extravagances of past events, the focus on discussing regulation and tax is a positive development for the industry.

In conclusion, while regulatory concerns continue to dominate discussions at crypto conferences, the community remains enthusiastic about the potential of digital assets. Attendees are more focused on asking intelligent questions about regulation and tax, reflecting a more serious tone at these events. The rise in the price of Bitcoin is encouraging the crypto-curious to attend conferences and ask beginner-level questions, indicating that interest in crypto remains high despite ongoing market volatility.

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Crypto Conferences Scale Back

The crypto winter has been long and harsh, and as a result, crypto conferences are toning down the lavishness. Attendees are no longer interested in DJs and parties; they want to focus on discussing regulation and tax issues. Tiffany Fong, a popular crypto vlogger, attended her first crypto conference this year and observed that attendees were more interested in asking intelligent questions and discussing regulatory issues, rather than enjoying the extravagances of past events.

While the XRP Las Vegas conference for XRP enthusiasts and the “XRP Army” took place in the United States gambling capital on May 6 and 7, frustration over regulatory clarity in the United States dominated the discussion. XRP fans asked “well-thought-out, intelligent questions,” but also expressed frustration with the Securities and Exchange Commission’s (SEC) lawsuit against Ripple. Attorney John E. Deaton, an active social media commentator during the SEC’s lawsuit, said that the frustration was not due to fear but because of the length of time it is taking to achieve regulatory clarity.

Regulation was also a top concern at Binance Australia’s recent meetup event on May 3. According to Ben Rose, general manager for Binance Australia and New Zealand, regulation was the most popular point of discussion among attendees. Despite the ongoing bear market, interest in crypto remains strong, and Rose noted that there is still “interest from the crypto-curious” with newcomers asking beginner-level questions.

The frustration and concern over regulation are understandable given the SEC’s recent actions against several crypto firms. Many in the crypto community are frustrated with SEC Chair Gary Gensler’s “regulation by enforcement” approach to crypto. Nevertheless, interest in crypto remains strong, and Australian crowds are starting to get excited about the potential for a bull run as the price of Bitcoin creeps up.

In conclusion, the crypto winter has forced crypto conferences to become more serious and focus on regulatory issues, which is a positive development for the industry. Attendees are no longer interested in the extravagances of past events but are instead asking intelligent questions and discussing regulatory issues. The frustration and concern over regulatory clarity remain high, but interest in crypto remains strong, even in the face of ongoing market volatility.

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XRP Army gets ‘RelistXRP’ trending, demands exchanges comply

Members of the XRP Army — supporters of the XRP token — have started an online movement to pressure crypto exchanges to relist the digital asset amid Ripple facing a lawsuit from the U.S. Securities and Exchange Commission, or SEC.

According to Twitter user MackAttackXRP, the hashtag “RelistXRP” was trending in The Netherlands earlier today, with some users reporting the social media movement was gaining traction in Australia, the United States, and the United Kingdom. Twitter data showed more than 35,000 tweets with the hashtag in The Netherlands, more than 30,000 tweets in the U.S., and roughly 24,000 in Australia.

The campaign is reportedly an attempt to draw attention to crypto exchanges that have delisted or suspended trading for the XRP token. In December, the SEC charged Ripple CEO Brad Garlinghouse and co-founder Chris Larsen with conducting an “unregistered, ongoing digital asset securities offering” for their XRP sales. In response to the lawsuit, many crypto exchanges announced they would suspend the trading of XRP, or delist the token entirely. Global money transfer service MoneyGram has also terminated its partnership with Ripple.

The exchanges that have halted trading for XRP or delisted it include Coinbase, OKCoin, Bittrex, Bitstamp, Binance.US, Crypto.com, iTrustCapital, eToro, Genesis, Nexo, Wirex, Ziglu, CEX, STEX, Abra, Blockchain.com, and Coingate. Other crypto firms have deferred taking action against the token. For example, Uphold said it will not delist XRP until the SEC lawsuit is resolved, while Indonesia crypto exchange Indodax said the token “has a risk of being delisted.”

More than 6,000 XRP holders lost a motion filed on their behalf in the SEC case against Ripple to insert themselves as third-party defendants. The motion to intervene argued that the interests of the XRP token holders were not being adequately represented in the lawsuit against Ripple and its executives.

At the time of publication, the price of XRP is $0.58, having risen 16% in the last 24 hours.