XRP Army Seizes This Bullish Avenue to Ask SEC Chair about Ending Ripple Case
Main Idea
The XRP community redirected a pro-crypto announcement by the SEC Chair to express frustration over the unresolved Ripple vs SEC lawsuit, while the SEC approved broader crypto market reforms.
Key Points
1. SEC Chair Paul Atkins' pro-crypto announcement about exchange-traded products (ETPs) was overshadowed by the XRP Army demanding answers about the Ripple lawsuit.
2. XRP community members questioned why the SEC continues to pursue the Ripple case while dismissing other lawsuits and favoring Bitcoin and Ethereum.
3. The SEC approved regulatory changes for crypto-based ETPs, aligning them with other commodity-based vehicles to improve market efficiency.
4. XRP supporters remain focused on the August 15 deadline, anticipating a potential settlement in the Ripple case.
5. Despite broader crypto market reforms, the XRP community's primary concern is the resolution of the Ripple lawsuit.
Description
The SEC chair recently shared a notable pro-crypto announcement about exchange-traded products (ETPs) that should have energized the entire digital asset sector. Instead, it became a moment for the XRP Army to express their frustrations about the unresolved Ripple vs SEC lawsuit. Under a post from SEC Chair Paul Atkins, members of the XRP army quickly filled the replies with questions, not about crypto ETPs, but about when the Commission would drop its appeal against Ripple. Community Shifts Foc...
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