XRP Lawsuit: Ripple calls Gensler and Clayton meeting “Bad Optics”

The XRP lawsuit appears to be far from resolved as recent events imply that the new year can also be stretched.
The XRP lawsuit appears to be far from resolved as recent events imply that the new year can also be stretched.

The XRP lawsuit appears to be far from resolved, as recent events imply that the new year can also be stretched. What began as SEC’s repression of unrecorded securities has now taken a twist as the case has advanced with SEC seeming like the real defendant, as further findings are revealed. The main topic of conversation in the case is that Ethereum got a free pass with the same business model as Ripple and the meeting between SEC Chair Gary Gensler and former Chief Jay Clayton.

The Chief Executive Officer (CEO) of Ripple, Brad Garlinghouse, during an appearance on Fox called the Gary Gensler and Clayton meeting before the XRP lawsuit as “Bad optics.” He was there to discuss the position of Ripple and its future plans, but he went on to say that Ripple is determined not to settle in the case unless XRP clears off as non-security.

The 10-month long case was filed at the end of December last year. However, the timing of the lawsuit rather than accusations was more debatable. The case came into the picture just days before previous SEC chair Jay Clayton departed the organization. Now, Ripple and several XRP supporters say the lawsuit was well designed to promote Ethereum into the market, with Clayton joining an investment firm focused on Ethereum.

Does the XRP lawsuit include inequality?

While talking about the XRP lawsuit, Brad stressed that instead of picking losers or winners, government agencies should treat everyone equally and enforce the laws equally for everyone. He was indicating the free pass given to Ethereum. He stated:

“But Why is SEC is picking winners and losers….why a government entity deciding this is a winning one… but silence about other things.”

Amidst the chaotic scenes, the XRP coin is performing really well in this bull rally, and TheCoinRise has published the detailed technical analysis and the probable future movements here.