XRP Lawsuit News: The long running intense legal battle between Ripple Labs and U.S. Securities and Exchange Commission (SEC) is moving towards the much anticipated Summary Judgment. However, as the XRP lawsuit verdict closes in several crypto experts are pitching in their predictions around it and pro-XRP lawyer seems not to be in line with it.
Also Read: Ripple Legal Chief Has A Tip For “Bears” On Crypto Rules
XRP Was Marked For Death By SEC?
Max Keiser, a Bitcoin maximalist stated the SEC cleaned out independent crypto exchanges and key players just to make some space for biggies like BlackRock and Wisdom Tree. He claimed that Ripple and defendants are not going to win their case against the commission as this was never about the law.
The Bitcoin supporter added that Ripple’s native crypto, XRP was marked for death and SEC Chair, Gary Gensler’s job is to take it out.
Attorney John Deaton, XRP holder’s lawyer in the SEC Vs Ripple lawsuit agreed with Keiser’s claims of the Commission protecting the incumbents. He stated that “Now we agree on something”. However, the XRP lawyer highlighted that it is inconsistent that numerous Bitcoin Maxis celebrate the massive overreach by the SEC against the crypto industry. Read More XRP News Here…
Ripple CTO, David Schwartz mentioned that like the government suppressing Bitcoin might be good for incumbent banks. However, it sounds selfish and despicable but its effectiveness cannot be denied, he added.
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