Ripple vs. SEC Case Is Just a Theater Play, According to Bitboy Crypto

Ripple vs. SEC Case: Behind the Scenes of an Outstanding Legal Battle

Bitboy Crypto, Ben Armstrong, shared his opinions on Ripple’s recent triumph over the SEC in a lengthy court battle. The SEC walked away with a $125 million settlement, but the majority of the triumph went to Ripple and its cryptocurrency, XRP. Bitboy Crypto was candid in an interview with Thinking Crypto about his conviction that the case was contrived from the start.

• He asserted with confidence that he had always thought the Ripple case was never really a court case.
• He claims that the outcome was planned to make XRP the first cryptocurrency to be regulated, opening the door for its incorporation into the international financial system.
• He thought the case was a well-thought-out plot to establish XRP as a major player in the banking industry and give it legitimacy.

Bitboy Crypto: XRP’s Regulation Was Planned to Gain Financial Sector Approval

Regulation was one of Bitboy Crypto‘s main arguments. He claimed that although Ethereum and Bitcoin are categorized as commodities, XRP’s situation was distinct. He believed that the purpose of the legal dispute was to provide XRP with a seal of approval so that banks and other financial organizations would be willing to accept it.

According to Bitboy, the method gives the impression that XRP has passed stringent inspection and has thus earned its position in the financial system. He added that with the SEC lawsuit now behind it, XRP’s potential is much more apparent.

There was 0% chance ever that this was not going to go Ripple’s way. It needed to be regulated. Everything has to look normal. The people that are at the top to control things, they have to make things look normal all the time,

Armstrong 

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