XRP community outraged as SEC gives Ethereum green light
The Securities and Exchange Commission is likely to close its investigation into Ethereum, according to a recent announcement by Consensys, the developer behind the MetaMask wallet. The company revealed that it sent a letter to the SEC in early June seeking confirmation that the May approval of a spot Shiba Inu and Dogecoin Now Owned by Major VR Gaming Platform
Bitcoin Receives Critical Hit, Shiba Inu in Catastrophe Mode, Can Lose $0.00001 Again, XRP Stronger Than It Should BeThe development has sparked mixed reactions on the crypto market. While Ethereum's apparent regulatory clearance led to a rebound in crypto prices after a prolonged decline, the XRP community has reacted with frustration and skepticism. , a prominent XRP enthusiast and attorney, expressed his dissatisfaction with the SEC's preferential treatment of the main altcoin.
The controversy surrounding the Hinman speech, in which former SEC Director William Hinman stated that Ethereum was not a security, is a key point of contention. Morgan believes that this speech set a precedent that unfairly benefited ETH, while leaving Other XRP supporters echoed these sentiments, with some calling for legal action against the SEC and alleging that the Ethereum community used financial influence to secure favorable regulatory outcomes.
Gamza graduated with a degree in finance and credit with a specialization in securities and financial derivatives. He then also completed a master's program in banking and asset management. He wants to have a hand in covering economic and fintech topics, as well as educate more people about cryptocurrencies and blockchain.Shutter Launches First Threshold Encrypted Mempool for Ethereum-like Networks on Gnosis Chain to Combat US$900M Crypto Trading Problem
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