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

Por The Daily Hodl - hai 2 anos - Tempo de lectura: 3 minutos

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.

Nun novo vídeo, o anfitrión de Coin Bureau Guy di aos seus 2.03 millóns de subscritores de YouTube que moitos outros proxectos criptográficos encaixan no perfil de XRP but the SEC targeted the seventh-largest cryptocurrency due to the fact Ripple is based in the US.

"Isto fai que sexa moito máis fácil que a SEC vaia tras en comparación con outros grandes proxectos criptográficos que se basean noutro lugar. O caso é que a SEC tamén parece ir tras aqueles, como revelou a súa demanda sorpresa contra Terra e o seu protocolo Mirror a finais do ano pasado. A SEC tamén perseguiu empresas criptográficas no exterior no pasado. 

O analista di iso 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.

Di que a terceira posibilidade é que a SEC necesite un precedente para ir tras outros proxectos criptográficos.

"XRP é unha das criptomoedas máis grandes que existen e, ao eliminar a un dos grandes, envía un sinal ao resto da industria. O caso é que a SEC non ten os recursos para demandar tantos proxectos criptográficos".

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

“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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