xrp crypto news

SEC’s XRP Lawsuit: Crypto Analyst Says “We Should All Be Rooting for Ripple To Win”

SEC’s XRP Lawsuit: Crypto Analyst Says “We Should All Be Rooting for Ripple To Win”
Written by publisher team

In a recent video full of intriguing predictions for 2022, prominent New Zealand crypto analyst and influencer Lark Davis explained to his more than 476,000 subscribers on YouTube why the crypto community should be “pushing Ripple to win” in the US lawsuit. The Securities and Exchange Commission (SEC) v. FinTech Corporation of California.

This video was about a series of tweets Davis posted on December 16 in which he revealed his top eight cryptocurrency predictions for 2022.

One such prediction was about Ripple. As you may remember, on December 22, 2020, the Securities and Exchange Commission announced that it had “sued Ripple Labs Inc. and two of its executives, who are also significant holders of securities, claiming that they had raised more than $1.3 billion through an unregistered company.” And an ongoing offering of digital assets securities.”




In the video released on December 27, Davis says that Ripple will win this lawsuit or at least sincerely hope that FinTech will do so. Davis says the SEC is behaving like a “schoolyard bully” and that the stance taken by the SEC (and in particular its Chairman Gary Gensler) — that all crypto assets currently listed on exchanges are unregistered — severely limits the Involvement of US-based investors in the crypto space (for example, he says they are not allowed to participate in ICOs).

Davis went on to say that if Ripple wins this case, it will “set a major precedent” and put the SEC “in its place.” He says this is why everyone in the crypto community must “root” Ripple to win. He believes that this will be a “net positive” for the cryptocurrency industry. On the other hand, if the SEC wins against Ripple, he believes that this will give them the confidence to file lawsuits against a variety of tokens.

disclaimer

The opinions and opinions expressed by the author, or anyone mentioned in this article, are for informational purposes only, and do not constitute financial, investment or other advice. Investing or trading in crypto assets involves the risk of financial loss.

image credit

Featured image by “_anaposa_” via Pixabay

.

About the author

publisher team

Leave a Comment