Ripple vs SEC or XRP Holders? Ex-SEC Answers Buzzing Question As Case Awaits Final Whistle
Main Idea
The article discusses the ongoing Ripple vs SEC case and its implications for XRP holders, highlighting community reactions to Ripple's political donations and a former SEC lawyer's clarification about the lawsuit's origins.
Key Points
1. Recent developments in the Ripple vs SEC case have caused unease among XRP holders, with Ripple's political donations coming under scrutiny.
2. Chris Larsen, Ripple's co-founder, supported Kamala Harris’ campaign in the 2024 presidential race, which frustrated some in the crypto community who saw Trump as more favorable to the industry.
3. A former SEC attorney, Marc Fagel, clarified that the Ripple lawsuit was initiated under the Trump administration and SEC Chair Jay Clayton, not under Gary Gensler's leadership.
4. The article mentions community debates about whether XRP holders should sell their tokens if XRP reaches $3.5 or invest in Bitcoin if it crosses $125,000.
5. Ripple CEO Brad Garlinghouse recently revealed details about the company's legal strategy, though the specifics were not provided in the excerpt.
Description
Recent developments have triggered unease among XRP holders, not because of any court ruling or regulatory announcement, but due to concerns about Ripple’s political affiliations. Questions about whether Ripple’s actions serve the interests of XRP holders are now gaining traction, as political donations by Ripple’s leadership come under public scrutiny once again. Community Reactions to Ripple’s Political Support Some community members recently drew attention to donations made by Ripple executiv...
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