As the US Presidential elections draw near, Ripple, a leading provider of cross-border payment and digital asset custody solutions, has announced a strategic initiative aimed at supporting the development and growth of the crypto industry. This new initiative could see crypto-centric platforms like ETFSwap (ETFS) continue to grow and flourish in the digital asset space, providing access to the tokenized ETF industry.
ETFSwap (ETFS) To Launch Before US Presidential Elections
ETFSwap (ETFS) is among the leading innovative projects that are set to grow more in popularity after the 2024 US Presidential elections in November. As a decentralized exchange, ETFSwap (ETFS) allows users to swap cryptocurrencies for institutional tokenized ETFs.
This platform is set to launch ahead of the US Presidential elections, offering users a wide range of valuable ETF options, including cryptocurrency spot and futures ETFs, commodity ETFs, fixed-income ETFs, and leveraged ETFs. Investors can trade all available ETF options on ETFSwap (ETFS) to potentially generate maximum returns.
These ETFs are backed by ETFSwap’s native token, ETFS, which has been developed on the Ethereum blockchain. By incorporating blockchain technology, ETFSwap (ETFS) ensures transparency, security and stability in its innovative platform.
The platform’s smart contracts have been audited by CyberScope, a renowned blockchain audit and cybersecurity firm. The audit’s result highlighted ETFSwap’s robust security capabilities against cyber threats and underscored its stable infrastructure.
Additionally, ETFSwap (ETFS) bolsters its users’ privacy and streamlines their onboarding process by eliminating KYC requirements on its platform. This allows users to trade and execute transactions anonymously on ETFSwap without compromising their privacy by giving out sensitive information.
Investors also have the chance to enjoy many advantages on this innovative platform, including up to a 10x leverage on all trades, an 87% APR yield, monthly token airdrops for token holders, and much more.
Moreover, ETFSwap’s features allow users to gain access to numerous trading and investment opportunities on the platform. On the platform, users will have 24/7 access, round-the-clock ETF management services, lower trading fees and transaction costs as well as staking options.
Investors are already purchasing ETFS tokens at a rapid pace in its first presale stage, spurred on by the cryptocurrency’s exponential growth in just a few weeks. Each token is being sold for a price of $0.00854 and is predicted to surge as the platform continues to expand.
Ripple Contributes To Crypto Friendly Regulations
Ripple has joined the fray ahead of the US Presidential elections to support policymakers and policies that favor the nation’s growth and development. The crypto payments company’s Chief Executive Officer (CEO), Brad Garlinghouse, has announced that the company will contribute $25 million to FairShake, a pro-crypto political action committee.
Garlinghouse has disclosed that Ripple’s donations were aimed at pushing for clearer regulations for the industry following the fast-approaching US Presidential elections. The CEO revealed that the donation was made to bolster the progress and adoption of crypto and blockchain technology following the US Presidential elections on November 5, 2024.
Responding to the Ripple CEO’s statements, the Chief Legal Officer (CLO) of Ripple, Stuart Alderoty disclosed that Ripple plans to actively support crypto-related efforts ahead of the US Presidential elections. The goal is to ensure the nation can catch up to leading global sectors and economies by advocating for clearer regulatory frameworks.
Currently, the US Federal Government maintains a somewhat hostile stance towards the crypto industry. For one, the United States Securities and Exchange Commission (SEC) has sued multiple crypto companies and labeled various cryptocurrencies like XRP a security.
Due to the lack of regulatory clarity in the crypto industry, Ripple, one of the major victims of the SEC’s lawsuits, has consistently advocated for better laws within the US. Candidates like Donald Trump and Robert F. Kennedy are already showing support for cryptocurrencies, expressing intentions to further develop the industry if elected in the upcoming US Presidential elections.
Conclusion: Crypto Readies For 2024 US Presidential Elections
While Ripple advocates for better crypto regulations following the forthcoming US Presidential election, innovative projects like ETFSwap (ETFS) are set to surge exponentially before the election in November.
Investors are purchasing ETFS tokens ahead of the election process, aiming to acquire tokens early before the price rises to $0.01831 by the second presale stage. Already, ETFSwap has recorded more than 150 million sold tokens and raised $1.5 million in just a few weeks into its presale.
For more information about the ETFS Presale:
Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here.