XRP Army Recognises Gary Gensler’s Last Shot at Revenge

XRP community divided over SEC’s $2 billion settlement demand.
Debate: Revenge-driven or strategic move by SEC’s Gary Gensler.
Ripple’s inability to pay shifts the burden to the broader crypto market.

In the ongoing saga between Ripple and the SEC, the XRP community finds itself divided over Gary Gensler’s latest move, interpreting it as either a vengeful act or a strategic maneuver.

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Firstly, some XRP enthusiasts view Gensler’s demand for a $2 billion settlement as a vendetta against Ripple for its legal victories. Despite the SEC’s losses on major arguments, it aims to impose hefty penalties, sparking accusations of revenge rather than investor protection.

On the flip side, others regard Gensler’s actions as calculated and strategic. They credit him as possibly the savviest SEC official, noting his keen understanding of the crypto landscape. Gensler’s proposed settlement, demanding $2 billion from Ripple, could potentially designate XRP as the first regulated altcoin, a significant development for the entire industry.

Analysts dissect the implications, emphasizing Ripple’s inability to pay the settlement in cash but holding substantial XRP reserves. This scenario implies that the burden of payment would shift to the broader crypto market, affecting market makers and hedge funds.

Furthermore, Gensler’s timing aligns with the current crypto boom, positioning the SEC for a substantial windfall amid global economic challenges. With millions worldwide reaping crypto gains and governments facing financial strains, the SEC’s demand arrives amidst a pivotal moment, poised to capitalize on the industry’s exponential growth.

As the community braces for potential volatility and a wealth transfer, the XRP Army anticipates a reevaluation of XRP’s true value post-settlement, marking a significant milestone after years of legal and market turbulence.

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Lauren Cole

A focused and vigilant storyteller for all things blockchain and cryptocurrency. Besides consuming every piece of literature about the metaverse, she can often be found at industry convections looking for the latest scoop.