Popular Bitcoin proponent says Ripple can’t win in XRP lawsuit
Max Keiser claimed that the SEC chairman aimed to kick out Ripple (XRP) from the US market.
Max Keiser is a popular Bitcoin investor & supporter. In the past, this Bitcoin proponent advised El Salvador‘s president Nayib Bukele about Bitcoin. El Salvador is the first country in the world, which adopted Bitcoin as a legal tender under the presidency of Bukele in September 2021.
On 21 June 2023, Bitcoin supporter Keiser took to Twitter to share his views on the current market situation and said that the United States Securities Exchange Commission (SEC) focused to kick out all the dominant crypto exchanges & players from the US market, so that BlackRock, Wisdom Tree, Fidelity can get a better room to evolve in this sector.
On the Ripple vs SEC lawsuit, Keiser said that Ripple will not win the case and also claimed that the Ripple vs SEC fight is not about the laws, instead the SEC chairman is there only to kick Ripple from the market.
“XRP ain’t gonna win their case. This was never about the law. XRP was marked for death and Gary’s job is to take it out,” Keiser said.
Furthermore, Keiser said that crypto investors are out of such unclear American crypto laws, as in El Salvador where Bitcoin is pure money.
This statement came from a prominent Bitcoin supporter just after the increasing efforts of the BlackRock, Wisdom Tree, and Fidelity-like fund managers, which recently filed for Bitcoin ETFs applications with the US SEC agency.
Ripple vs SEC
In Dec 2020, the American securities regulatory body initiated a lawsuit against San Francisco headquartered blockchain firm Ripple.
So far to this date, the Ripple vs SEC legal battle is going on, and people saw several turns.
At present, Ripple is in a better position and it is expected that this legal fight will end soon within the next few weeks.
XRP price action
The current trade price of XRP coin is $0.5224 & this trade price is 5.15% high over the last 24 hours’ trade price as a part of usual positive market sentiments.
Read also: Grayscale’s valuation may face -ve impact after BlackRock ETF launch
