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

Minn The Daily Hodl - 2 snin ilu - Ħin tal-Qari: 3 minuti

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.

F'filmat ġdid, l-ospitant tal-Coin Bureau Guy jgħid li 2.03 miljun abbonat tiegħu ta' YouTube li ħafna proġetti kripto oħra jaqblu mal-profil ta' XRP but the SEC targeted the seventh-largest cryptocurrency due to the fact Ripple is based in the US.

"Dan jagħmilha ferm aktar faċli għas-SEC biex isegwi meta mqabbel ma 'proġetti kripto kbar oħra li huma bbażati x'imkien ieħor. Il-ħaġa hija li s-SEC jidher li sejjer wara dawk ukoll kif żvelat mill-kawża sorpriża tagħha kontra Terra u l-protokoll Mirror tagħha tard is-sena li għaddiet. Is-SEC marret wara kumpaniji kripto barranin fil-passat ukoll. ” 

L-analista jgħid hekk 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.

Jgħid li t-tielet possibbiltà hija li s-SEC teħtieġ preċedent biex tmur wara proġetti kripto oħra.

"XRP hija waħda mill-akbar kripto-muniti hemmhekk u billi tieħu waħda mill-kbar, tibgħat sinjal lill-bqija tal-industrija. Il-ħaġa hija li s-SEC m’għandhiex ir-riżorsi biex tħarrek daqstant proġetti kripto.”

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

“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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