Famous economist Max Keizer made remarkable statements about an altcoin project. According to Keizer, the SEC, a US regulatory agency, needs to take urgent action against this cryptocurrency. Here are the details…
“SEC must act on this altcoin”
In a recent tweet, renowned economist Max Keiser urged the SEC to take action on an altcoin. Keiser asked the SEC to take action on XRP because of the “illegal incentive” to sell unregistered securities. The economist cited a video posted by an XRP user about the motivation behind holding XRP. The famous altcoin critic blamed XRP and demanded SEC Chairman Gary Gensler to take action against the altcoin.
In December 2020, the SEC claimed that Ripple and its two executives had raised more than $1.3 billion by selling unregistered securities. The lawsuit filed by the SEC with its allegations against XRP is still ongoing today. Meanwhile, the lawyer of XRP holders, John Deaton, reacted to Keiser’s comments. Deaton said that Keiser’s mind should be on XRP.
Buterin also joined the discussion
cryptocoin.com As we reported, Vitalik Buterin, the founder of Ethereum, claimed that XRP has lost its protection. Thus, it fueled a debate in the altcoin community. Buterin supported Ripple’s defense in its ongoing legal dispute with the SEC. According to him, XRP, which is similar to Ethereum and Bitcoin, should not be categorized as a security. Meanwhile, CryptoLaw founder John Deaton also responded to Ethereum creator Vitalik Buterin.
Deaton called Buterin’s post a “hateful comment directed at a community of innocent digital asset owners.” He also noted that even Ripple opponent Ryan Selkis criticized the SEC’s overreach. Ryan Selkis, a loud competitor of Ripple and XRP, has previously commented on the usefulness of XRP. He then defined his overall position by stating that he does not own XRP.
XRP forges new partnerships
Meanwhile, altcoin XRP continues to sign major partnerships. Finally, Ripple became one of the 23 partners of Thallo, a Web3 solution for business. Thallo aims to offer a groundbreaking blockchain-based marketplace for voluntary carbon credits. It also aims to resolve issues with market liquidity and non-transparent price data. Thus, he hopes it will make it easier for buyers and sellers of high-quality carbon credits to find each other. Ripple, which is among the founding partners of Thallo, maintains a close alliance with the project.
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