A top executive at Ripple says that the U.S. Securities and Exchange Commission (SEC) may have helped Ethereum (ETH) usurp XRP as the second-largest crypto by market cap.

US Regulators Helped Ethereum Overtake XRP
US Regulators Helped Ethereum Overtake XRP

In a new interview at DC FinTech Week, Ripple Labs chief executive officer Brad Garlinghouse says that XRP was second only to Bitcoin (BTC) until the SEC stepped in.

“The idea that the United States government… hasn’t helped pick winners in the United States’ ecosystem around crypto is crazy.

Within the last few years, XRP was the second-most valuable digital asset. As it became clear that the SEC had given the hall pass to ETH, ETH obviously has kind of exploded.

I just fundamentally think we should let market forces determine winners and losers, not regulation by enforcement as we’re seeing today.”

In December of 2020, the SEC filed a lawsuit against Ripple Labs claiming the company was selling the crypto asset XRP as an unregistered security. The filing sent XRP’s price tumbling from $0.57 to $0.26, according to CoinGecko. XRP is currently valued at $1.09.

Ethereum met a different fate than XRP, as the SEC declared in 2018 that it, along with Bitcoin (BTC), was not considered a security.

EVIDENCE OF MILLIONS OF DEATHS AND HUNDREDS OF MILLIONS OF SERIOUS ADVERSE EVENTS RESULTING FROM THE EXPERIMENTAL COVID INJECTIONS

The Vaccine Death Report shows all the scientific evidence that millions of innocent people lost their lives and hundreds of millions are suffering crippling side effects, after being injected with the experimental covid injections. The report exposes the strategic methods used by governments and health agencies to hide 99% of all vaccine injuries and deaths. You will also learn who is really behind all of this, and what their true agenda is. 

.