Future

Dark

The post <a href="https://coinpedia.org/news/was-xrp-vs-sec-staged-from-the-beginning-to-make-xrp-the-first-regulated-cryptocurrency/">Was Ripple Vs SEC Staged From The Beginning To Make XRP The First Regulated Cryptocurrency?</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a> 
Ben Armstrong&nbsp; aka Bitboy Crypto shared his thoughts on Ripple’s recent legal victory over the SEC, a case that had dragged on for years. The <a href="https://coinpedia.org/news/ripples-court-win-how-recent-ruling-shields-xrp-institutional-sales-amid-125-mln-fine/" target="_blank" rel="noreferrer noopener">SEC walked away with a $125 million settlement</a>, but Ripple and its cryptocurrency, <a href="https://markets.coinpedia.org/xrp/" target="_blank" rel="noreferrer noopener">XRP</a>, emerged with the lion’s share of the victory. In an interview with <a href="https://www.youtube.com/watch?v=Z-kZi2yozVk">Thinking Crypto</a>, Bitboy Crypto didn’t hold back in expressing his belief that the entire case was staged from the beginning. 
<h3 class="wp-block-heading" id="h-the-case-was-never-real">The Case Was Never Real?</h3> 
He confidently stated that he has always believed the Ripple case was never a genuine legal battle. According to him, the outcome was orchestrated to make XRP the first regulated cryptocurrency, paving the way for its integration into the global banking system. He explained that much of what people see in such high-profile cases isn’t real. In his view, the lawsuit was a carefully planned strategy to legitimize XRP and position it as a key player in the financial world. 
“There was 0% chance ever that this was not going to go Ripple’s way. It needed to be regulated. Everything has to look normal. The people that are at the top to control things, they have to make things look normal all the time,” he said 
The Dark Cloud is Lifted: XRP’s Future Looks Bright 
One of the key points Bitboy Crypto made was about regulation. He said that while Bitcoin is treated as a commodity and Ethereum has also been classified similarly, XRP’s case was different. The legal battle, in his opinion, was designed to give XRP a stamp of legitimacy that would allow it to be accepted by banks and other financial institutions. He described the process as a way to make XRP seem like it had undergone rigorous scrutiny, thereby earning its place in the financial ecosystem. 
Bitboy also said that XRP’s potential is much clearer now that the litigation with the SEC is behind it. The absence of this “dark cloud” means that XRP has a clearer runway for growth. He found it amusing that XRP remained in the top 10 cryptocurrencies despite being delisted from several exchanges and facing a lawsuit. 
Also Read: <a href="https://coinpedia.org/news/xrp-price-prediction-short-term-target-1-long-term-7-10-possible-with-xrp-etf/" target="_blank" rel="noreferrer noopener">XRP Price Prediction: Short-Term Target $1, Long-Term $7; $10+ Possible with XRP ETF</a>

Was Ripple Vs SEC Staged From The Beginning To Make XRP The First Regulated Cryptocurrency?

Table of Contents

CoinPedia News

Other articles published on Aug 12, 2024

Coinbase Lists Gravity and Influences Market Trends

Ethereum gas fees drop to 2 gwei as activity declines on mainnet

Why Bitcoin is still poised to break $74K before end of year

NASENI offers 50% conversion discount to Uber, Bolt drivers who sign up on CNG app

SEC Pushes Back Against Coinbase’s Demand for Gensler Emails on Digital Assets

Do Kwon to be Extradited to South Korea: Montenegro Court Upholds Decision

Join our free newsletter for daily crypto updates!