Fox Business, one of the leading media sources in the USA, kept its promise and investigated the case between the US Securities and Exchange Commission (SEC) and Ripple. The research and published report by Fox Business concluded that the case is not just about XRP.
The lawsuit, which has been going on since December of last year, has drawn a lot of backlash from the public and the media. In the case that takes Ripple’s XRP token sales into account and puts it at the center, XRP may not be the real target.
Drawing attention to the date the SEC filed the lawsuit, the researchers stated that the case was opened just a few days after the change of power in the commission.
Noting that a president or leader would not take such important steps or sue for the next government’s decision, especially in regulatory agencies, the researchers agree that the situation is certainly unusual.
The Target Isn’t Just XRP
Stating that Ripple also preferred to fight and did not offer a deal to the SEC, the report states that other interests may have been discussed in this case.
In Fox Business’s page-full report, it is stated that Clayton has launched a general war on the crypto money industry, and with XRP, it is actually intended to send a message to other cryptocurrencies.
According to the report, if XRP loses the case, it will be loaded on cryptocurrencies in a similar position. This reveals that the case is not limited to XRP.