Bitboy Crypto contends that Ripple's SEC battle was planned to make XRP the first regulated cryptocurrency.
Armstrong believes the lawsuit was a plan to secure XRP's acceptance by financial institutions.
Bitboy Crypto sees a good future for XRP, considering its conclusion to the nature of the outcome.
Bitboy Crypto's comments on Ripple's battle with the Securities and Exchange Commission have led to new discussions in the crypto community after his comments. He argued that the case was staged in favor of XRP in the financial space.
Allegations of a Staged Legal Battle
According to Bitboy Crypto, the Ripple case was not a genuine legal conflict but a strategic move to secure XRP's place in the global financial system. Armstrong expressed his long-standing belief during an interview that the lawsuit was calculated to provide XRP with regulatory legitimacy.
He argued that high-profile cases often create a narrative that appears normal to the public, masking their true intentions. This is after a $125 million settlement was reached for the SEC, but Armstrong believes the outcome was orchestrated to position XRP as the first regulated cryptocurrency.
Armstrong emphasized that there was never any real chance that the case would not end in Ripple’s favor. He suggested that the regulatory approval of XRP was a predetermined outcome necessary for its acceptance by banks and other financial institutions. "Everything has to look normal," he stated, hinting that the case was merely a plan to ensure XRP's involvement in the financial ecosystem.
XRP's Future Post-Litigation
Despite XRP's challenges, including being removed from several exchanges, Armstrong pointed out that it remained within the top 10 cryptocurrencies. Despite XRP's challenges, including being removed from several exchanges, Armstrong pointed out that it remained within the top 10 cryptocurrencies. He highlighted this to the look of the lawsuit, which, in his opinion, was always intended to end in Ripple’s favor.
Bitboy Crypto's comments about the Ripple vs. SEC case have added new thoughts to the ongoing discussions about cryptocurrency regulation. His claims suggest the case was less about legal conflict and more about securing XRP’s future as a regulated asset. This perspective continues to generate debate within the crypto industry.
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