You Should Know: Ripple Director Calls Out SEC Corruption
Former Ripple director Sean McBride recently reached out to U.S. presidential candidate Robert F. Kennedy Jr. to shed light on perceived corruption within the U.S. Securities and Exchange Commission (SEC). McBride’s message highlighted the lack of transparency and fairness in how the SEC handles cryptocurrencies, specifically XRP. This issue gained attention after the conclusion of the Ripple vs. SEC case in July 2023.
Only RFK Jr Can Stop SEC Overreach, Says Analyst
– The SEC, led by Gary Gensler, is facing backlash for allegedly engaging in corrupt and politically motivated practices.
– McBride emphasized in his message to Kennedy that the issue at hand goes beyond XRP’s regulatory status and extends to questioning the SEC’s integrity, branding it as “corrupt.”
– He urged Kennedy, who has pledged to fight corruption, to address the matter and hinted that if Kennedy were to assume office, the SEC could face increased scrutiny.
– Additionally, McBride highlighted XRP’s eco-friendly attributes in comparison to other cryptocurrencies, noting that it does not require energy-intensive mining practices.
– He sought Kennedy’s input on this matter, citing Kennedy’s background as an environmental advocate.
– However, Kennedy has yet to publicly comment on the Ripple vs. SEC case.
The Truth?
– Despite McBride’s call for Kennedy’s intervention, Kennedy’s support for Bitcoin and SHIB suggests a different stance, as these assets are not subject to the SEC’s ongoing regulatory issues.
– Consequently, halting the SEC’s overreach through Kennedy’s involvement may pose challenges at present.
– The outcome of the Coinbase ruling on the XRP case adds further uncertainty to the situation, with potential implications for the industry’s future trajectory.
Kennedy Hinting SHIB, Crypto Fever on Top?
– Before McBride’s appeal for Kennedy’s perspective, Kennedy had publicly endorsed Shiba Inu, a meme coin, during the ETHDenver 2024 event.
– This endorsement signaled solidarity with the SHIB community and echoed the movement’s slogan, “It’s Not A Meme, It’s A Movement.”
– Kennedy’s backing coincided with Shiba Inu’s rise in popularity, securing a spot among the top 10 cryptocurrencies by market capitalization amid a surge in meme coin interest.
Hot Take: Stay Tuned for Potential Developments
In light of these recent developments involving Sean McBride, Robert F. Kennedy Jr., and the SEC, the cryptocurrency community eagerly anticipates potential shifts in regulatory dynamics and industry trends. How Kennedy’s response—or lack thereof—could influence the SEC’s approach to cryptocurrencies, particularly XRP, remains a point of intrigue and speculation. As the landscape continues to evolve, stakeholders are advised to stay informed and attentive to emerging updates that could impact the sector’s future trajectory.
By
By
By
By
By