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XRP Investors Cry Foul Over SEC’s Ethereum Favoritism

Published 06/19/2024, 04:34 PM
Updated 06/19/2024, 05:15 PM
©  Reuters XRP Investors Cry Foul Over SEC’s Ethereum Favoritism
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  • 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.

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…

The post XRP Investors Cry Foul Over SEC’s Ethereum Favoritism appeared first on Coin Edition.

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