Ripple CTO David Schwartz commented on a post on X social media, referencing the legal overreach of the US SEC regarding crypto and unregistered securities. The XRP community supported Schwartz and trolled the SEC and its chairman. Schwartz mentioned the SEC's classification of altcoins as securities and questioned if his like on a post could be considered a security. This comes after the SEC announced a stronger focus on crypto in 2025. Schwartz's company, Ripple, has been battling the SEC in court and won two major victories. However, the SEC has filed an appeal. Fox Business journalist Eleanor Terrett reported that the SEC has included crypto in its list of 2025 exam priorities, potentially focusing on Bitcoin and Ethereum and companies associated with them.
- Content Editor ( u.today )
- 2024-10-23
Ripple CTO Mocks SEC With Recent Tesla-Themed Tweet: Details