The post Ripple Strikes Back: SEC Lawsuit Labelled ‘Propaganda’, Stashes 800 Million XRP in Escrow appeared first on Coinpedia Fintech News
Blockchain powerhouse, Ripple, pulls no punches in its recent response to the mixed victory against the U.S. SEC, dismissing the lawsuit as a mere political gambit. Amid the courtroom drama, Ripple moves to secure a colossal sum of XRP, further fueling the intrigue surrounding this crypto heavyweight.
Ripple Fires Back at Misguided Lawsuit
Following a partial triumph against the U.S. Securities and Exchange Commission (SEC) on July 13, Ripple didn’t waste time in expressing their views. Their Q2 market report, which went public on August 2, offered a fresh perspective on the case, with Ripple branding the SEC’s lawsuit as “misguided” and a blatant “quest for political power”.
Also Read – Ripple’s Unravelling: Dispelling Six Lawsuit Misconceptions in Q2 2023 Report
Squaring Up Against Misconceptions
Ripple took the opportunity to
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