• Thu. Oct 5th, 2023

XRP Protests are Intensifying as Clients Demand they should be Included in the Case

Hassan Mehmood

ByHassan Mehmood

May 29, 2021

The adoption of cryptocurrency is on the rise as more and more financial institutions adopt either Bitcoin or Ethereum and make these a permanent payout method. In the near future, the whole world would be acknowledging the crypto revolution, and when it happens, the biggest crypto conflict to date, the XRP vs. SEC, would be written in gold or either digitally in a blockchain record; that was sarcasm. The thing is that Securities and Exchange Commission is not done with Ripple, and the case between the two is still going on in the court with no final or clear outcome to hold out-breaths for.

According to SEC, Ripple is not a cryptocurrency but security, yet Ripple believes and has provided the proof for the time when SEC pointed towards it as a cryptocurrency, so why did they change their statement so suddenly? That is a mystery that is not yet settled. The SEC has also requested the court that Ripple request for a motion to intervene for the XRP users and clients to provide the transaction proof that routed through the XRP blockchain systems, clearly validating the token as a cryptocurrency. But so far, neither the court nor SEC has agreed on this, so people have taken this to themselves to make it happen.

Many people, former clients, and users of the Ripple were seen protesting before the SEC’s headquarters, demanding that the commission take its lawsuit back and end this war against cryptocurrency. So far, they have only received an automated response from the agency after putting in their request to end its lawsuit against Ripple.

The US remains an unconquered turf for Ripple as for the rest of the world, such as Asia and Europe, the cryptocurrency is doing fine and even expanding its business activities without a problem. It seems highly unlikely that SEC will submit to the requests made by ZRP supporters, and what would be the stance of the court on this request is also not known. But one thing is for sure: the case will now definitely be speeding up, and we will have a winner soon enough.

Hassan Mehmood

Hassan Mehmood

Hassan Mehmood, a valued writer at Big Trends Signals, uses his profound online trading expertise to produce in-depth guides and unbiased reviews, enabling traders to navigate digital marketplaces efficiently.

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