- Ben Armstrong claims that the SEC vs. Ripple lawsuit was orchestrated in order to promote XRP, the first regulated cryptocurrency and its integration within the global financial system.
- Bitboy Crypto pointed out that the legal fight has given XRP acceptance and legitimacy among banks. financial institutions.
Ben Armstrong aka Bitboy Crypto stated that after Ripple paid $125 million to settle charges of violating securities law with XRP’s institutional sales, the 3-year battle had been set up in order for XRP become the first regulated currency on the market. Bitboy Crypto made his comments during a recent interview Thinking Crypto.
XRP is the clear winner of this case, despite $125 million being paid by the US SEC. CNF reports that SEC sources have stated they may appeal the decision of the court, extending the XRP litigation. report.
Bitboy Crypto made an intriguing revelation when he said he believed that the case had never been genuinely true. He also said the result was orchestrated in order to make XRP into the first regulated asset digital, paving the path for its integration with the global banking system.
He said that people are often misled by what they see when these cases make headlines. According to Bitboy Crypto both parties planned carefully the lawsuit in order to legitimize XRP and position it as a major player within 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”
XRP’s Future Is Looking Bright
You can also use Market analysts are optimistic about XRP’s future, as the long-running Ripple vs. SEC dispute is almost over. CNF reports the settlement reached in recent court proceedings. reportXRP is expected to reach new highs, according to analysts.
Bitboy Crypto brought up the issue of regulation. He said that regulators classify Bitcoin and Ethereum commodities but view XRP through a different perspective. The legal fight gave XRP legitimacy and allowed it to be adopted by banks. financial institutions. He added that the whole legal case made XRP seem like it underwent a rigorous examination, giving the altcoin a greater significance in the financial system.
Bitboy thinks that the XRP potential has become much more apparent now that we are past the SEC lawsuit. The XRP’s potential is much more apparent now that the SEC litigation has ended. “dark cloud,” XRP’s growth path is now clearer. It’s important to note that XRP has managed to remain in the top ten despite being delisted by several cryptocurrency exchanges and facing a lawsuit.
The XRP market cap was $32.3 billion at the time of publication. The XRP value is still visible on the weekly chart. Gains of 14%.
Please read:
No spam, no lies, only insights. Unsubscribe anytime.
“This article is not financial advice.”
“Always do your own research before making any type of investment.”
“ItsDailyCrypto is not responsible for any activities you perform outside ItsDailyCrypto.”
Source: www.crypto-news-flash.com