<ul class="wp-block-list">
 <li>Critics accuse the SEC of intentionally harming XRP retail investors.</li>  
 <li>Key XRP developments were disrupted by the SEC’s strategically timed appeal.</li>  
 <li>Calls for the SEC’s abolition grow as it’s seen as anti-innovation.</li> 
</ul>  
Critics are accusing the U.S. Securities and Exchange Commission (SEC) of intentionally harming retail investors with its recent decision to appeal the Ripple (XRP) case. According to some observers, the timing of the appeal was strategically designed to cause maximum damage, particularly as positive developments for <a href="https://coinmarketcap.com/currencies/xrp/" rel="noopener noreferrer nofollow">XRP</a> were unfolding.  
SEC Appeals Ripple Case  
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 https://twitter.com/NCashOfficial/status/1841639026031263903
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In the 72 hours leading up to the SEC’s appeal, key events occurred, including the minting of RLUSD, a filing for an <a href="https://cryptonewsland.com/bitwise-prepares-for-xrp-etf-launch-xrp-prepares/" rel="noopener noreferrer nofollow">XRP-based ETF</a>, and open interest in XRP surging to over $1 billion. Critics argue that the SEC's decision was not coincidental but aimed at stalling XRP’s momentum, hurting investors who had positioned themselves for these developments.  
This is not the first time the SEC's actions have drawn scrutiny. In December 2020, just before the altcoin market saw a massive rise, the <a href="https://www.sec.gov/" rel="noopener noreferrer nofollow">SEC</a> filed its lawsuit against Ripple, alleging that XRP was an unregistered security. The lawsuit led to a $15 billion loss for retail investors and stifled growth at a critical moment.  
Critic Expects Further Harm for Retail Investors  
Critics say the SEC is acting against innovation and investors, rather than protecting them. Ripple paid $200 million in fines, and the legal battle caused losses in potential partnerships and expansion opportunities. Some are even calling for the SEC to be abolished, viewing it as an obstacle to progress and not a guardian of investor interests.  
The ongoing controversy surrounding the <a href="https://cryptonewsland.com/ripples-legal-fight-rages-on-will-the-sec-appeal-and-whats-next-for-xrp/" rel="noopener noreferrer nofollow">SEC’s handling of the Ripple case</a> highlights a growing divide between regulatory bodies and the cryptocurrency community, with calls for reform continuing to mount. 
The post <a href="https://cryptonewsland.com/sec-appeal-in-ripple-case/" rel="noopener noreferrer nofollow">SEC Appeal in Ripple Case Could Cause More Harm to Retail Investors, Critics Explain</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.

SEC Appeal in Ripple Case Could Cause More Harm to Retail Investors, Critics Explain

Crypto News Land

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