• Ripple and the SEC are in a legal battle that has reached a critical juncture.
• Ripple’s chief legal officer has challenged the SEC’s actions, while Bitcoin advocate Max Keiser predicts the SEC will bring down Ripple’s alleged “Ponzi scheme.”
• Ripple’s community, led by lawyer Jeremy Hogan, accuses former SEC division director Bill Hinman of benefiting from his controversial 2018 speech claiming Ethereum (ETH) is not a security.
Ripple and SEC Engage in Legal Battle
The Ripple-SEC legal battle has reached a critical juncture, with swirling rumors and conflicting statements creating an atmosphere of uncertainty. Cryptocurrency enthusiasts anxiously await the outcome of the dispute between Ripple and the United States Securities and Exchange Commission (SEC).
Ripple’s Chief Legal Officer Challenges SEC
In response to the SEC’s actions, Ripple’s chief legal officer Stuart Alderoty calls out the agency, citing the US Electronic Code of Federal Regulations (e-CFR) on ethical standards for government personnel. Alderoty argues that SEC employees must act impartially and questions whether their actions align with this requirement.
Max Keiser Predicts Ponzi Scheme Will be Brought Down
Bitcoin advocate Max Keiser believes that the blockchain company will fail against the regulator. He predicts that the SEC will bring down Ripple’s alleged „Ponzi scheme.“
Jeremy Hogan Accuses Bill Hinman
Ripple’s community, led by lawyer Jeremy Hogan, accuses former SEC division director Bill Hinman of benefiting from his controversial 2018 speech claiming Ethereum (ETH) is not a security. They speculate that Hinman may have been paid to attack XRP.
Conclusion Remains Uncertain
The outcome of this legal battle remains uncertain, and it holds significant implications for the future of digital assets. The cryptocurrency community eagerly awaits a resolution that will shape this rapidly evolving industry.