In the years-long legal battle between <a href="https://finbold.com/topic/sec/" rel="noopener noreferrer nofollow">Ripple</a> and the U.S. Securities and Exchange Commission (<a href="https://finbold.com/topic/sec/" rel="noopener noreferrer nofollow">SEC</a>), recent updates have sparked renewed optimism among Ripple supporters. Some of the latest developments in the case have led many to believe that Ripple may have a real chance at triumphing against the SEC.However, not all agree with those views. In fact, one prominent member of the <a href="https://finbold.com/category/cryptocurrency-news/" rel="noopener noreferrer nofollow">crypto</a> community thinks that Ripple has no chance of winning this fight stating: “XRP ain’t gonna win their case.”Well-known Bitcoin (<a href="https://finbold.com/cryptocurrency/bitcoin/" rel="noopener noreferrer nofollow">BTC</a>) supporter Max Keiser <a href="https://twitter.com/maxkeiser/status/1671357902295031810?s&#61;20" rel="noopener noreferrer nofollow">tweeted</a> on Wednesday, June 21, that Ripple and <a href="https://finbold.com/cryptocurrency/xrp/" rel="noopener noreferrer nofollow">XRP</a> will not triumph over the SEC, because this battle “was never about the law,” adding that the embattled <a href="https://finbold.com/cryptocurrencies/" rel="noopener noreferrer nofollow">cryptocurrency</a> “was marked for death and Gary’s job is to take it out.”<h2 id="header-0">SEC is making room for TradFi giants, says Keiser</h2>Keiser’s remarks stem from his beliefs that there is a broader SEC plan in place aimed at pushing out independent <a href="https://finbold.com/guide/best-cryptocurrency-exchanges/" rel="noopener noreferrer nofollow">crypto exchanges</a> and firms in order to make room for big Wall Street players such as BlackRock, Wisdom Tree, Fidelity, and so on.<blockquote>– Keiser wrote in the tweet.“As I keep telling you guys, the SEC swept away the independent ‘crypto’ exchanges &amp; players, to make room for BlackRock, Wisdom Tree, Fidelity, etc. to get into #Bitcoin.”</blockquote>His tweet comes after major investment managers, including <a href="https://twitter.com/EricBalchunas/status/1671271876339933184?s&#61;20" rel="noopener noreferrer nofollow">Wisdom Tree</a> and Invesco, filed for launching spot Bitcoin exchange-traded funds (<a href="https://finbold.com/etfs/" rel="noopener noreferrer nofollow">ETFs</a>), just days after  <a href="https://finbold.com/massive-adoption-alert-blackrocks-ceo-once-said-zero-clients-interested-in-crypto/" rel="noopener noreferrer nofollow">BlackRock announced</a> a similar move.Over the past few days, there were rumors circulating that Fidelity Investments also wants to roll out a <a href="https://finbold.com/guide/what-is-bitcoin-etf/" rel="noopener noreferrer nofollow">spot Bitcoin ETF</a>, although there is still no concrete evidence for these claims.While more traditional finance (TradFi) institutions flock to gain crypto exposure, the SEC continues to <a href="https://finbold.com/coinbase-sued-by-sec-in-new-york-federal-court/" rel="noopener noreferrer nofollow">crack down</a> on the industry’s biggest players, most recently <a href="https://finbold.com/review/binance-review/" rel="noopener noreferrer nofollow">Binance</a> and <a href="https://finbold.com/review/coinbase-review/#:~:text&#61;Today%2C%20Coinbase%20is%20thriving.,2021%2C%20according%20to%20Finbold%20analysts." rel="noopener noreferrer nofollow">Coinbase</a>.<h2 id="header-1">XRP price analysis</h2>At press time, XRP’s price was changing hands at $0.49, up 3.86% in the past 24 hours.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/e6cca2458ef241a695e5405e296cf843.jpg" />XRP 1-day price chart. Source: FinboldOver the past month, the crypto token gained more than 6.4%and is up over 46% since the start of the year.In his June 18 analysis, pseudonymous crypto expert Mags <a href="https://finbold.com/xrp-has-one-of-the-cleanest-setups-and-could-rally-to-0-68/" rel="noopener noreferrer nofollow">said</a> XRP currently “has one of the cleanest setups so far,” and its “next stop would be $0.68 &amp; higher” if the crypto asset manages to pierce through the $0.55 resistance.Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.Read more cryptocurrency news on <a href="https://finbold.com/category/cryptocurrency-news/?utm_source&#61;CMC&amp;utm_medium&#61;social&amp;utm_campaign&#61;CMC&amp;utm_content&#61;long" rel="noopener noreferrer nofollow">Finbold.com</a>.

Ripple can’t win against SEC as XRP is ‘marked for death,’ says expert

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