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The SEC vs. Ripple case is gaining more attention. The SEC’s actions in this cryptocurrency case are beginning to raise eyebrows.
We first reported on the XRP – Ripple case against the SEC in July. This excellent summary will bring you up to speed on the SEC’s shocking actions and efforts against XRP while SEC leadership aligned with Bitcoin and Ethereum while helping China. “The Financial Story of the Century Continues to be Ignored” The SEC’s case with Crypto Innovator Ripple Labs Heats Up This past weekend Charles Gasparino on FOX News picked up the story.
TRENDING: EXCLUSIVE: Maricopa County Supervisor Steve Chucri on 2020 Election in Leaked Recording: “I Think It Was Done Through DEAD PEOPLE Voting. I Think IT WAS MULTIFACETED – BALLOT HARVESTING” (AUDIO) A seemingly esoteric legal battle involving the Securities and Exchange Commission and fintech startup Ripple Labs could provide clarity on how much authority the SEC has over regulating the $2.2 trillion crypto market. The bad blood between Ripple and the SEC began in December 2020 when the SEC filed a lawsuit alleging Ripple Labs, a global payments platform, had violated securities laws by failing to register its XRP cryptocurrency as a security. The move was one of the last made by then SEC Chair Jay Clayton before he left office following Joe Biden ‘s victory over Donald Trump in the 2020 presidential election . At the time, Ripple was using XRP as a vehicle to finance its core business of seamless cross-border transactions for financial institutions, the SEC charged, something it had been doing for seven years since its founding in 2013. The lawsuit not only caught Ripple by surprise but added even more confusion to an already convoluted regulatory conversation over whether cryptocurrencies should be considered securities, commodities or something else. If cryptos are securities, as defined by court precedent, they must be approved and regulated by the SEC which demands various company disclosures. Ripple believes XRP isn’t a security, thus it doesn’t need the SEC’s green light. Moreover, it says the SEC currently allows other cryptocurrencies like Bitcoin and […]
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They’re Trying to Shut Us Down
Over the last several months, I’ve lost count of how many times the powers-that-be have tried to shut us down. They’ve sent hackers at us, forcing us to take extreme measures on web security. They sent attorneys after us, but thankfully we’re not easily intimidated by baseless accusations or threats. They’ve even gone so far as to make physical threats. Those can actually be a bit worrisome but Remington has me covered.
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Thank you and God bless!
JD Rucker
