SEC vs Ripple The Ongoing Battle

XRP or Ripple has been one of the biggest and longest battles with the SEC. It just goes to show you how not clear cut the government has been in terms of regulations and also how much the government and the arm of it called the SEC continues to over reach in power.

Ripples price has been all over the place due to speculations across the board about how this case is going to turn out. It feels like one day the SEC has the upper hand and then the next Ripple does and the token reacts.

XRP sits #6 on Coin Gecko

Currently there are rumor's going around that the case once again might finally be coming to a close and be in favor of XRP. I distinctly remember here this about five other times and one of the most recent times feels like a month or two ago.

None the less news seems to play an important factor in crypto and stock prices. As of today XRP is up 5.1% while the overall crypto markets are a bit of a flat line.

One of the recent big takeaways from this case is that the SEC simply can't even make up its own mind about what crypto is and this is taken from the judge reads...

It's hard to say how this is positive news for XRP. To me it sounds like either the case gets dismissed and in favor of XRP because the SEC is a cluster F and can't make up their mind on anything. Or it forces the hand of the SEC to be even more aggressive and lay down solid rules about crypto.

Knowing the SEC however they will most likely become more aggressive and once again get slapped in the courts because of their over reaching. It's one of the last few lines of defense the people have vs their government in order to uphold their freedoms. You see even the government is not outside the rules of the law. However my hopes are that these judges hold true what really matters which is the law and freedoms and liberty of the people and that pushes government back. In fact governments need a serious push page.

Executive order after executive order has been signed in which have taken away US citizens freedoms and never restored. Orders from the 2001 terrorist's attack are still in affect to this very day and because of the nature of them still have not go through congress and passed.

I say it again and again that crypto is one of the last few lines of deference people have from an increasingly expressive government and while people might think I'm crazy for saying that you have to realize it's over time the chipping away at those freedoms turns into some of the worst cases humankind has ever seen.

This lawsuit that has been going on with the SEC was filed all the way back in 2020 so you can see how most normal people quickly fall out and just let the SEC have their way and pay the fine. It's crazy because your tax dollars pay for the SEC to legit file lawsuits against you so unless you have millions if not billions of dollar to go up against them in court you're pretty much screwed and it seems the SEC and government know this and simply use it as a way to continue to rake in more and more money to the government and their agency while screwing people over even more.

What are you thoughts on the SEC vs XRP case?

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