Future

Bank AI

<html>
 <head></head>
 <body>
  <p>The post <a rel="noopener noreferrer nofollow" href="https://coinpedia.org/news/ripple-vs-sec-case-was-meticulously-planned-from-the-beginning/">Ripple Vs SEC Case Was Meticulously Planned From The Beginning?</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
  <p>Crypto enthusiast and commentator, Nick Crypto Crusader, recently provoked a buzz in the digital currency sphere with a bold <a href="https://twitter.com/NCashOfficial/status/1678899637250322432" rel="noopener noreferrer nofollow">claim</a>. In a captivating revelation, he contends that the ongoing legal dispute between Ripple Labs, the company behind the XRP cryptocurrency, and the U.S. Securities and Exchange Commission (SEC), was not a sudden occurrence but rather a meticulously devised strategy that began its inception from the start.</p> 
  <figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
   <div class="wp-block-embed__wrapper"> 
    <blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
     <p lang="en" dir="ltr">In my opinion the <a href="https://twitter.com/hashtag/Ripple?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Ripple</a> v. <a href="https://twitter.com/hashtag/SEC?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#SEC</a> lawsuit has been planned since day one.<br><br>October 2020, Brad Garlinghouse: ‘We’re Asking for a Level Playing Field’ – calling for a “single national regulatory framework.”<br><br>February 2023: FSB, IMF, &amp; BIS working on a global regulatory framework… <a href="https://t.co/YQlQCrjDGB" rel="noopener noreferrer nofollow">pic.twitter.com/YQlQCrjDGB</a></p>— Nick | Crypto Crusader (@NCashOfficial) <a href="https://twitter.com/NCashOfficial/status/1678899637250322432?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 11, 2023</a> 
    </blockquote> 
    <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
   </div> 
  </figure> 
  <h2 class="wp-block-heading" id="strong-a-meticulous-plan-in-action-strong"><strong>A Meticulous Plan in Action?</strong></h2> 
  <p>Nick Crypto Crusader’s unique perspective is grounded in a sequence of key events. He brings attention to October 2020 when Ripple’s CEO, Brad Garlinghouse, sought a comprehensive, unified national regulation for cryptocurrencies.&nbsp;</p> 
  <p>Fast forward to February 2023, the Financial Stability Board (FSB), the International Monetary Fund (IMF), and the Bank for International Settlements (BIS) initiated a collective effort to develop a universal regulation for cryptocurrencies, projected for release between July and September this year.</p> 
  <h2 class="wp-block-heading" id="strong-involvement-in-international-regulations-strong"><strong>Involvement in International Regulations</strong></h2> 
  <p>Intriguingly, the expert further highlights that Ripple had a say in these international regulatory discussions surrounding crypto-assets in December 2022.&nbsp;</p> 
  <p>This involvement happened parallelly as Ripple continued its legal battle with the SEC over whether XRP can be classified as a security. A phrase, “level playing field,” recurrent in Ripple’s responses, encapsulates the vision of a globally consistent crypto regulation, minimizes potential fragmentations, and establishes a robust regulatory framework.</p> 
  <p>Nick’s assertions have elicited diverse reactions from the crypto community. A section of netizens concurred with his viewpoint, arguing that a drawn-out legal wrangle is part of the grand plan and coinciding with a robust bull run could lead to substantial profits.</p> 
  <h2 class="wp-block-heading" id="h-will-ripple-dominate-the-future-crypto-market"><strong>Will Ripple Dominate the Future Crypto Market?</strong></h2> 
  <p>Others expressed skepticism over XRP’s availability to retail investors post-resolution. The notion of Ripple becoming a mammoth capital entity exceeding Apple, should XRP reach all-time highs, stirred up some skepticism. Despite the high transactional utility of XRP, with each token potentially reusable up to 20,000 times per day, some users capped their expectations of XRP’s peak value at $100.</p>
 </body>
</html>

Ripple Vs SEC Case Was Meticulously Planned From The Beginning?

Table of Contents

CoinPedia News

Other articles published on Jul 12, 2023

ThunderCore's Partnership with Algebra Protocol: A New Era of Interoperability in DeFi

XRP Price Poised for a Significant Move, Bitcoin Advocate Anticipates $10 Target Price

BREAKOUT Confirmed: COMP/USDT Signals Strong Bullish Trend! Potential Retracement Expected

Canada’s Largest Crypto Exchange Supported by Shark Tank Star Nears Merger

Dogecoin (DOGE) plunges following the Musk-Zuckerberg Twitter feud!

Conflux Price Dips On The Daily Chart, Traders Are Signing Up For Tradecurve

Join our free newsletter for daily crypto updates!