Crypto lawyer John Deaton claimed that the U.S. Securities and Exchange Commission (SEC) attempted to ban Bitcoin. He believes that if Ripple (XRP) wins the ongoing case, it will become the only cryptocurrency with full regulatory clarity, even more than Bitcoin. He also stated that the crypto community is “at war with Warren,” referring to Senator Elizabeth Warren, a critic of the cryptocurrency industry, who advocates for tighter regulations.
Deaton highlighted the challenges of validating transactions on decentralized ledgers, especially regarding compliance with anti-money laundering policies. He speculated that the SEC might differentiate between cryptocurrencies like XRP and Cardano in terms of their status and regulatory treatment.
If Deaton’s predictions are accurate, the legal victory of XRP could significantly alter the competitive landscape in the crypto world.
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<p>The post Crypto Lawyer Says SEC Tried Banning Bitcoin; XRP Is Next! first appeared on CoinBuzzFeed.</p>
