XRP vs SEC: Here’s Why the US Regulator Targeted Ripple, According to Coin Bureau Host

Deur The Daily Hodl - 2 jaar gelede - Leestyd: 3 minute

XRP vs SEC: Here’s Why the US Regulator Targeted Ripple, According to Coin Bureau Host

A popular crypto analyst is laying out the possible reasons why the U.S. Securities and Exchange Commission (SEC) went after Ripple with a lawsuit.

In 'n nuwe video vertel Coin Bureau-gasheer Guy vir sy 2.03 miljoen YouTube-intekenare dat baie ander kripto-projekte by die profiel van pas. XRP but the SEC targeted the seventh-largest cryptocurrency due to the fact Ripple is based in the US.

"Dit maak dit baie makliker vir die SEC om na te gaan in vergelyking met ander groot kripto-projekte wat elders gebaseer is. Die ding is dat die SEC blykbaar ook agter hulle aan gaan, soos onthul deur sy verrassende regsgeding teen Terra en sy Mirror-protokol laat verlede jaar. Die SEC het in die verlede ook agter oorsese kripto-maatskappye aan gegaan.” 

Die ontleder sê dit Ripple’s deep pockets are also to blame for the lawsuit.

“The second possible reason is that Ripple has a lot of money and the SEC is trying to secure a sizable settlement that will make for good headlines and potentially be used to fund the expansion of its regulatory operations.”

If this were true, then the SEC would try and maximize settlements by going after many of the other projects with similar approaches to Ripple. Also, they’ve only issued $2.4 billion in crypto-related fines since 2013, which host Guy believes isn’t much, all things considered.

Hy sê dat die derde moontlikheid is dat die SEC 'n presedent nodig het om na ander kripto-projekte te gaan.

"XRP is een van die grootste kripto-geldeenhede wat daar is en deur een van die groot ouens uit te haal, stuur dit 'n sein na die res van die bedryf. Die ding is dat die SEC nie die hulpbronne het om soveel kripto-projekte te dagvaar nie.”

The fourth possible reason is “the threat of RippleNet,” the SWIFT payment system alternative that Ripple geskep.

“As far as I can tell RippleNet was actually seeing some adoption from financial institutions in select regions shortly after it launched in 2019. Given that the SEC likely first engaged Ripple in mid to late 2020, this suggests that it was a response to the threat of RippleNet rather than Ripple’s sales of XRP. It would also explain why the SEC waited so long to crack down on Ripple – but in truth, this timing could just be a coincidence.”

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