SEC l-a ajutat pe Ether Surpass XRP, CEO Ripple

Ripple CEO Brad Garlinghouse has said that Ether (ETH) overtook the company’s XRP token by market capitalisation because of the US Securities and Exchanges Commission (SEC).

According to Garlinghouse, the US regulator’s approach towards ETH largely encouraged investors, giving it a free pass that enabled the smart contract platform’s native token to overtake XRP in the market.

  În ultimii câțiva ani, XRP a fost al doilea cel mai valoros activ digital. Pe măsură ce a devenit clar că SEC a dat un permis de sală ETH, ETH evident a explodat și această claritate a ajutat," el a spus.

Ripple’s XRP currently occupies the seventh spot among the largest cryptocurrencies, with a market cap of $52 billion according to data from CoinGecko. Ethereum has held the second spot for the last four years after deposing XRP during the 2017 bull run.  The Ether (ETH) cryptocurrency currently has a market cap of over $490 billion after its price surged to set a new all-time high above $4,000.

In comments made on Thursday 21 October at the DC Fintech Week, the Ripple exec also claimed that the SEC’s approach was based on “outdated” laws. He also wondered why a former official at the agency had found it easier to say Ethereum was not a security, yet SEC Chair Gary Gensler cannot make the same pronouncement.

Garlinghouse’s comments come at a time Ripple is battling the US watchdog’s charge that XRP is a security illegally sold by Ripple Labs and the company’s top brass. The company has also faced class-action lawsuits before.

Despite these events, more XRP holders feel the SEC has unfairly targeted Ripple, a view Garlinghouse also holds. According to him, there almost 50,000 holders of the token “are trying to sue the SEC for ‘protecting them“.“

Lupta a făcut ca instanța să le permită deținătorilor de XRP să devină amicus curiae sau prieteni ai instanței. Cu toate acestea, același judecător care se ocupă de cazul Ripple vs. SEC a decis că deținătorii de token-uri nu pot participa la proceduri în calitate de inculpați.

XRP a pierdut aproximativ 67% din valoarea sa de când a atins un maxim istoric de 3.40 USD pe 7 ianuarie 2018. Cu toate acestea, prețul său actual de aproximativ 1.11 USD înseamnă că valoarea sa a crescut cu peste 27% în ultimele 30 de zile și cu peste 340% de la această dată anul trecut.

Sursa: https://coinjournal.net/news/sec-helped-ether-surpass-xrp-ripple-ceo/