- Ben Armstrong claims that the SEC vs. Ripple lawsuit was orchestrated in order to promote XRP, the first regulated cryptocurrency and its integration within the global financial system.
- Bitboy Crypto stated that the court battle had given XRP credibility and acceptance by banks and financial organizations.
Ben Armstrong aka Bitboy Crypto stated that the 3-year battle to regulate XRP was already underway within a week after Ripple had paid $125,000,000 in fines for breaking securities laws in XRP’s institution sales. Bitboy Crypto made his comments during a recent interview Think Crypto.
Despite receiving $125 million from the US SEC, XRP is still the clear winner of this case. CNF reported that sources familiar with this matter said the SEC could appeal the court decision and drag the XRP case further. report.
Bitboy Crypto made an intriguing revelation when he said that, in his opinion, the case never really happened. He said that the case was orchestrated in order to have XRP become the first regulated asset and pave the way for the integration of XRP into the global financial system.
Adding that the media’s portrayal of these cases, which are often high profile and publicized, is not always accurate. According to Bitboy Crypto both parties planned carefully the lawsuit in order to legitimize XRP and position it as a major player in financial markets.
“There was 0% chance ever that this was not going to go Ripple’s way. It needed to be regulated. Everything has to look normal. The people that are at the top to control things, they have to make things look normal all the time,” “He said”
XRP’s Future Is Looking Bright
Then, you can use the Analysts believe that XRP has a bright future. CNF reports the settlement reached in recent court proceedings. reportXRP is expected to reach new highs, according to analysts.
Bitboy Crypto brought up the issue of regulation. He said that while regulators classified Bitcoin and Ethereum products, they look at XRP from a different perspective. The legal fight, he said, gave XRP legitimacy and allowed it to be recognized by financial institutions. Aside from that, he said the whole legal battle gave XRP the appearance of being thoroughly scrutinized, increasing its importance within the financial system.
Bitboy is convinced that XRP has a much greater potential now that SEC’s litigation is over. This can be removed by removing the XRP. “dark cloud,” XRP’s growth path is now clearer. He said that it is worth noting that XRP was able to maintain its top ten ranking despite the legal action and being removed from many crypto exchanges.
The XRP market cap was $32.3 billion at the time of publication. The XRP value is still visible on the weekly chart. Gains of 14%.
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Source: www.crypto-news-flash.com
