XRP (1) vs SEC (0) - In Ripple We Trust

Let's push the emperors into the ocean. Don't need a goon to flirt with devotion.

With every hour, our number increases. We'll smash your institutions to pieces - Muse

Crypto (1) vs SEC (0). F*ck yeah!

I actually never liked Ripple, and I still don’t. Even though they have been one of the OG coins of the crypto market, they have been too centralized for my appetite.

Nonetheless, what they recently pulled off against the SEC has put a special place in my heart for them. If you missed out on this news, here is the tl’dr - XRP is not a security!

This is an incredible news for the crypto community. Not because we get to 100x degen on any DogeShibaElonInu listed on Uniswap but because now the crypto community gets a fair chance to fight back against biased old money moguls and mafia. I truly hope Coinbase can bring us another win.

Ripple has also brought us a very important point to access. Which is, you may ask? Well, the take-home point for technologists out there is that - it’s not always about engineering or a killer product or some PhD-level research that pioneers innovation. Sometimes, it is overcoming a boring regulatory and operational landscape. Wait, did Slim Satoshi just say that Ripple is pioneering innovation in the crypto space? Damn right, I did. Not the way we want it to be - through technology or by fostering decentralization but through fighting against unfair regulatory hurdles. They have restored a bit of faith in the current US regulatory landscape.

Now, a lot of crypto companies and protocols can continue to innovate and make risky bets in an uncertain market for the betterment of our economic and financial system.

With XRP winning this case against the SEC, we can definitely say that not all days are dark in the cryptoverse. This will have a huge impact on the regulatory environment when it comes to crypto assets. Such as?

• Cryptocurrencies associated with largely decentralized protocols such as BTC, ETH could be considered a commodity within the financial asset class

• L1 and L2 protocols may not be considered as a security even though SEC deemed SOL, BNB, FIL, and ADA (to name a few) to be securities

• More transparency and clarity within the crypto space. This will force the SEC to stop pushing for biased enforcement against our industry

• No choke down on innovations in a fast-moving technology market that has the potential to benefit the many, and not the select few (Goldman Sachs?)

  
  

We will keep fighting the good fight. We will let the ripples become bigger. And I’ll keep sharing humble opinions.