- Ripple’s CTO David Schwartz is a Ripple influencer. “joined forces” Elon Musk is the owner of X Corp. They are bound by their shared fight against US SEC.
- Ripple’s license portfolio has been expanded through strategic acquisitions. This is to give its clients, and especially those in the institutional sector, more products.
According to an old saying, the enemy of my opponent is my friend. This common enemy in the case of Ripple CEO David Schwartz and tech millionaire Elon Musk is the US Securities and Exchange Commission.
According to a XRP Influencer, the two have “joined forces…in fighting against the SEC, the first time it’s actually done publicly! “
Amelie, as she is known by her 35,000 X followers, believes that this could spark greater partnerships between XRP and the social media platform X.
Ripples CTO joins Elon Musk in the fight against SEC. First time this has been done publicly!
Does this mean an X? #XRP Partnership on the way? This seems to be a good beginning!
XRPL’s going to be crazy in no time! And it’s DeFi on XRPL that’s going to support all these… pic.twitter.com/tqdLbCtHqy
— 𝓐𝓶𝓮𝓵𝓲𝓮 (@_Crypto_Barbie) March 4, 2024
Amelie didn’t reveal any information about the rumored relationship between the two. Schwartz has recently taken to X in order to criticize the SEC. As Crypto News Flash reportedHe made a comment about an article CNN’s investigation of Musk’s constant promises that the value of Tesla vehicles would increase.
Tesla prices are dropping despite Musk’s assurances and bold claims. Major automakers have been flooding the market for electric vehicle alternatives.
“I’d love to hear the SEC explain why Tesla isn’t selling unregistered securities,” Schwartz remarked, referring CNN article.
Ripple’s and Musk’s problems with the SEC are similar. Musk is a critic of SEC and they have attacked the SpaceX chief every time. The most controversial was the infamous “Tesla at $420” incident. Musk claimed to have secured funding for Tesla’s privatization at $420 per share. This didn’t go down well with the agency.
In 2018, the SEC sued Musk in court. The two parties settled soon after with Musk promising to let his attorneys vet all of his tweets.
In its latest dispute, the SEC has sued the billionaire over his $44 billion takeover Twitter. Experts say that this time the SEC will win. might actually win.
Musk to partner with Ripple?
The partnership between Ripple and Musk could have a profound impact on the XRP ecosystem. Dogecoin, the crypto-currency of the Tesla boss, is a perfect example. Musk is a major factor in the meme currency’s appeal to investors, particularly newbies. He has also been a loyal servant, promoting the meme coin in social media, and even on Saturday Night Live as Crypto News Flash reported In 2021, look back at the past.
Dogecoin, which was at the time of press trading at $0.1539 and had a $22.1 billion market cap, has become a mainstay of the top 10 list. The fact that it is mostly used for speculation, despite its lack of utility, shows how popular Dogecoin has become.
XRP is a very useful currency. Its XRPL is used to power applications for NFTs, decentralized finances and more. Musk could help XRPL to skyrocket, and make it a serious competitor for Ethereum.
In the meantime, XRP currently trades at $0.6256. This represents a 5.4% gain in the past seven days.
“This article is not financial advice.”
“Always do your own research before making any type of investment.”
Source: www.crypto-news-flash.com
