Get 125% / $2,500 on 1st deposit!
New players only. Exclusive Welcome Bonus of up to $2,500
In the heated lawsuit between Ripple and the United States Securities and Exchange Commission (SEC), Max Keiser, a renowned Bitcoin advocate, has given his prediction. Keiser, the self-proclaimed Sr. Bitcoin advisor to El Salvador’s Bitcoin president Bukele, believes Ripple will inevitably face defeat, but his justification differs from common conjecture.
Keiser, who is widely recognized for his unwavering support for Bitcoin and his repeated criticism of various altcoins, including Ripple’s XRP, has publicly expressed his views on Twitter. His prediction is that Ripple will succumb to the SEC, but not for the reasons you might expect.
In his view, SEC’s Chairman, Gensler, operates as an enforcer for the banking industry. Referencing a Wall Street Journal article in which the SEC dismissed Bitcoin ETF filings as “inadequate,” Keiser opined, “As explained, the SEC runs a protection racket for Wall St. crooks so this is no big surprise. It also means XRP will definitely lose their case – as well as everything (not Bitcoin which is untouchable) Not on the basis of law, but because Gary’s a leg-breaker for the banking mob.”
He justifies his standpoint not on legal grounds, but on the assertion that Gensler serves the banking industry.
Keiser has been openly critical of Ripple in the past. Just last week, he described Ripple as a Ponzi Scheme and maintained that the SEC is poised to “kill XRP.” Keiser doesn’t care much about the SEC going after all these “shitcoins” as long as they leave Bitcoin alone: