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XRP Community Riled up by Bitcoiner Max Keiser's Comments on SEC Lawsuit: Details

Tue, 10/04/2022 - 10:43
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Tomiwabold Olajide
Bitcoiner Max Keiser inflames XRP community with comments on SEC lawsuit
XRP Community Riled up by Bitcoiner Max Keiser's Comments on SEC Lawsuit: Details
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In a recent tweet, Bitcoiner Max Keiser urges the SEC to argue out what he calls an "unlawful inducement" to sell unregistered securities, referring to XRP. Keiser referred to a video posted by an XRP user regarding the motivation behind holding XRP. The well-known altcoin critic called XRP centralized and urged SEC Chair Gary Gensler to take action against it.

In December 2020, the Securities and Exchange Commission charged Ripple and two of its executives, claiming that they raised more than $1.3 billion through an unregistered digital asset securities offering.

CryptoLaw founder and XRP holders' attorney John Deaton waived off Keiser's comments, saying the Bitcoiner must have had XRP on his mind.

As reported by U.Today, Vitalik Buterin, the founder of Ethereum, inflamed the XRP community by claiming that XRP has lost its protection. Buterin was alluding to the defense put up by Ripple in its ongoing legal dispute with the SEC, that XRP should not be categorized as a security because Ethereum and Bitcoin are comparable.

The founder of CryptoLaw, John Deaton, responded to Ethereum creator Vitalik Buterin, calling the tweet "an immature, hateful comment directed at a community of innocent digital asset holders." He also stated that Ryan Selkis, Ripple's most outspoken detractor, has criticized the SEC's overreach.

Ripple's Biggest Critic Makes U-Turn, Calls Out SEC's Overreach

Ryan Selkis, a vociferous opponent of Ripple and XRP, previously discounted XRP by casting doubt on its usefulness. Then, he defined his overall position by stating that he does not own XRP.

Ripple scores new partnership

Ripple is one of 23 initial partners that Thallo, a Web3 climate for business, has selected for its groundbreaking blockchain-based marketplace for voluntary carbon credits.

Thallo makes it simpler for buyers and sellers of high-quality carbon credits to locate each other by resolving issues with market liquidity and opaque price data. Ripple, being a founding partner, maintains a close strategic alliance with Thallo across the value chain to support the development and execution of the flagship Thallo carbon marketplace.

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About the author

Tomiwabold is a cryptocurrency analyst and an experienced technical analyst. He pays close attention to cryptocurrency research, conducting comprehensive price analysis and exchanging predictions of estimated market trends. Tomiwabold earned his degree at the University of Lagos.