- XRP community criticizes SEC’s perceived favoritism towards Ethereum.
- Disparity in SEC’s treatment of XRP and Ethereum sparks outrage.
- Regulatory inconsistencies raise concerns about the future of XRP and other cryptocurrencies.
The XRP community is crying foul over the SEC’s perceived favoritism towards Ethereum, sparking outrage and calls for legal action.
The controversy stems from the SEC’s recent decision to drop its lawsuit questioning Ethereum’s security status, shortly after approving a spot Ethereum ETF. This move has drawn stark comparisons to Ripple’s ongoing legal battles with the SEC, fueling accusations of regulatory inconsistency.
Ethereum’s second free pass from the SEC almost exactly 6 years after the Hinman free speech.Ethereum’s and Ripple’s different treatment will forever show how arbitrary the SEC has been in crypto. https://t.co/Coxf6czO9r pic.twitter.com/WNcacVYhNE
— bill morgan (@Belisarius2020) June 19, 2024
Bill Morgan, a prominent figure within the XRP community, has been particularly vocal about the perceived disparity. He argues that the SEC’s decision to give Ethereum a “second pass” nearly six years after the infl…
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