Pro-XRP lawyers challenge weak SEC evidence: is XRP on the verge of victory?
The end of the legal battle between #Ripple and the SEC has brought relief and regulatory clarity to #XRP . However, according to Versan Aljarrach, founder of Black Swan Capitalist, despite the end of the court battle, some critical issues still need to be urgently addressed.
Let's delve into this interesting perspective.
From the beginning, the SEC's approach to Ripple was questionable. Analysts argued that the SEC's actions against Ripple had no legal precedent and suggested a serious conflict of interest. This contrasts with the treatment of other digital assets such as #MarketDownturn , #MarketDownturn , and #Solana , raising doubts about the SEC's true motives.
In addition, the SEC's treatment of various digital assets has been inconsistent. Despite regulatory uncertainty, Bitcoin, Ethereum, Solana and Tether have been treated more leniently than Ripple and XRP. This bias suggests a potential conflict of interest, especially given the SEC's relationship with organizations involved in these assets, such as FTX's Sam Bankman Fried.
In addition, the SEC's actions against Ripple have had a significant negative impact on retail investors, causing millions of dollars in financial losses and delaying the benefits of Ripple's revolutionary technology. The analyst emphasizes that the SEC's approach stifles innovation, creates confusion, and violates laws requiring accountability.
the analyst also calls on Ripple to sue the SEC to conduct an investigation that will publicly expose the regulator's abuse of its authority, fraud, and criminal behavior. Dismissing Ripple's lawsuit will only be the beginning of addressing broader issues and holding unscrupulous industry participants accountable.
the settlement, Ripple paid $125 million in civil penalties and agreed to an injunction against future securities law violations.
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