The<a href="https://cryptotale.org/xrp-price-surge-expected-rising-trendline-point-to-breakout/" rel="noopener noreferrer nofollow"> XRP</a> community has launched a serious accusation against the U.S. Securities and Exchange Commission (SEC), claiming that the agency is manipulating the cryptocurrency market to favor Bitcoin and Ethereum while targeting Ripple’s XRP. This controversy centers on the SEC’s regulatory approach and recent actions that have intensified scrutiny and debate.<h2 id="header-0">Regulatory Inconsistency and Controversial Statements</h2>The allegations arise from the XRP community’s critical examination of the SEC’s actions and decisions. They argue that the SEC has shown favoritism towards Bitcoin and Ethereum, allowing them to thrive while imposing severe restrictions on XRP. This claim has been fueled by past statements from William Hinman, a former SEC director, who made controversial remarks about Ethereum’s status as a non-security.Crypto enthusiasts have pointed to a revealing video featuring Nancy Wojtas, a former SEC counsel. In her comments, she discussed the mutable nature of cryptocurrencies, which raises questions about the SEC&#39;s regulatory consistency. Wojtas&#39; statements suggest that the SEC may have intentionally created a grey area to benefit certain cryptocurrencies over others.<h2 id="header-1">Discrepancies in Scrutiny and Regulatory Practices</h2>Moreover, the XRP community has questioned why Ethereum co-founder Vitalik Buterin, who <a href="https://finance.yahoo.com/news/ethereum-co-founder-vitalik-buterins-061246173.html#:~:text&#61;On%20August%2031%2C%20he%20took,and%20in%20broader%20charitable%20efforts." rel="noopener noreferrer nofollow">admitted </a>to selling Ether to fund other projects, has not faced similar scrutiny. While Buterin stated that his sales were aimed at supporting valuable projects and charities, the XRP community sees this as inconsistent with the SEC’s stringent approach towards Ripple.Related: <a href="https://cryptotale.org/lawyer-bill-morgan-critiques-krakens-reliance-on-xrp-case/" rel="noopener noreferrer nofollow">https://cryptotale.org/lawyer-bill-morgan-critiques-krakens-reliance-on-xrp-case/</a><a href="https://cryptotale.org/community-accuses-sec-of-favoring-bitcoin-ethereum-over-xrp/" rel="noopener noreferrer nofollow">Read more on Cryptotale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

Community Accuses SEC of Favoring Bitcoin, Ethereum Over XRP

Table of Contents

CryptoTale

Autres articles publiés le 2 sept. 2024

Bitcoin Slides 6% Below $60,000: Key Factors Behind the Recent Drop

OKX Singapore Gains Approval for Crypto Licensei

Binance Exec Denied Access To Legal Counsel By Nigerian Authorities

FLOKI’s Potential Rebound: Bullish Patterns and Whale Influence

The Historically Challenging Month of September Begins, What Will the Crypto Market Yield This Year?

SHIB and WIF Among Worst-Performing Meme Coins

Join our free newsletter for daily crypto updates!