$XRP LAWSUIT SHOCKER: SEC, Competitors, and Industry Leaders Aligned Against Ripple.

The legal battle between Ripple and the SEC continues to shake the crypto world, with startling revelations about potential conflicts of interest and the massive impact on Ripple's business. Attorney John Deaton, a prominent XRP supporter, has shed light on how Ripple's competitors and certain industry players may have influenced the case, raising serious questions about fairness and motive.

Ripple’s Strategic Choices: A Missed Opportunity?

In 2012, Ripple’s founders faced a pivotal decision: focus on smart contracts or cross-border payments. Opting for payments seemed logical, given the absence of stablecoins and the vast potential of the global remittance market.

Fast forward to 2019, Ripple was thriving:

Coinbase promoted XRP as a fast, low-cost international payment solution.

MoneyGram utilized XRP for transfers, showcasing its real-world utility.

But the SEC’s lawsuit in late 2020 changed everything:

Coinbase delisted XRP.

MoneyGram switched to XLM.

Attorney Deaton questions the legal rationale, arguing there’s no meaningful distinction between XRP and XLM for payments, especially considering XLM's creator, Jed McCaleb, was a Ripple co-founder.

A Case Marred by Controversy

Deaton raises troubling points about the lawsuit:

Conflict of Interest: Key figures behind the lawsuit later worked with Ripple's competitors, casting doubt on the SEC's impartiality.

Ripple’s Landmark Victory and SEC Appeal

A critical milestone occurred on July 13, 2023, when Judge Analisa Torres ruled that XRP is not a security, marking a significant win for Ripple. However, the SEC filed an appeal on October 17, 2023, aiming to overturn parts of this.

Key upcoming dates:

January 15, 2025: The SEC is set to submit its opening brief, ensuring this case remains in the spotlight.

Ripple Vs. SEC: The Bigger Picture.

#BinanceAlphaAlert #Write2Earn #ETHETFsApproved #BTCXmasOrDip? #Megadrop