Prominent Bitcoin advocate Max Keiser has once again criticized Ripple, its CEO Brad Garlinghouse, and the company’s cryptocurrency, XRP. Keiser, who serves as the Bitcoin advisor to El Salvador’s President, believes that while the US Securities and Exchange Commission (SEC) is overreaching, this will not prevent them from eliminating XRP and other similar cryptocurrencies. However, Keiser believes that Bitcoin will be the exception to this. He also claims that there is a lack of rule of law in Wall Street and finance for those with money and influence, suggesting that Garlinghouse’s efforts to sustain his “Ponzi scheme” will not be enough to outspend the government and JP Morgan CEO Jamie Dimon. Keiser concludes that it is only a matter of time before XRP is taken down by the authorities.
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