{"id":107368,"date":"2021-01-05T23:58:30","date_gmt":"2021-01-05T23:58:30","guid":{"rendered":"https:\/\/precoinnews.com\/?p=107368"},"modified":"2021-01-05T23:58:30","modified_gmt":"2021-01-05T23:58:30","slug":"xrp-ripple-vs-sec-both-sides-to-blame","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/crypto\/xrp-ripple-vs-sec-both-sides-to-blame\/","title":{"rendered":"XRP, Ripple vs SEC: ‘both sides to blame’"},"content":{"rendered":"

Bill Barhydt<\/span>, CEO of Abra, crypto wallet and exchange service made a bullish case for Bitcoin and said the digital asset\u2019s fundamentals were perfect, especially against the backdrop of governments introducing various monetary policies. <\/span>In a recent <\/span>interview,<\/span> Barhydt explained:\u00a0<\/span><\/p>\n

\n

There\u2019s the fact that you\u2019ve got these underlying fundamentals where you\u2019ve never had a probably scarce asset of some kind, ever, never mind digital\u2026 The fundamentals are perfect.\u00a0<\/span><\/p>\n

Now, we have a relatively small but growing amount of institutional investors who are saying this is digital gold with a backdrop of governments gone insane\u2026<\/span><\/p>\n<\/blockquote>\n

The Abra CEO who holds Bitcoin, Ether and other altcoins explained that Bitcoin\u2019s price recovery, since its 2017 peak, was driven by a relatively \u201csmall amount of speculators with very large holdings.\u201d\u00a0\u00a0<\/span><\/p>\n

Barhydt also believed that a better technology than Bitcoin could become a reality and speculated whether this project could acquire the same network effects – such as its store of value-based solution and popularity and added: <\/span><\/p>\n

\n

I\u2019m super bullish on crypto as the future of money and store of value. Whether it\u2019s Bitcoin plus Bitcoin or something else, I don\u2019t know and I really don\u2019t care that much.<\/span><\/p>\n<\/blockquote>\n

Due to the recent SEC lawsuit against Ripple, Abra decided to suspend trading in XRP for US customers. In that regard, the CEO believed the problem was on both sides. He blamed <\/span>SEC for waiting eight years to regulate the status of XRP and on the other hand, Barhydt thought that Ripple was at fault too and explained: <\/span><\/p>\n

\n

Now you can have something that starts out as a security sale which eventually becomes a commodity. But that\u2019s not what Ripple said they were doing. They said this was a commodity sale alone, so both sides to me have got this completely wrong. They should have worked this out six years ago.<\/span><\/p>\n<\/blockquote>\n

Additionally, Barhydt said that both parties would be forced to reach a settlement, which could be the likely outcome of the case because, in his view, both, SEC regulators and Ripple have made mistakes. <\/span><\/p>\n

Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Bill Barhydt, CEO of Abra, crypto wallet<\/p>\n","protected":false},"author":3,"featured_media":107367,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"\nXRP, Ripple vs SEC: ‘both sides to blame’ - Pre Coin News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/precoinnews.com\/crypto\/xrp-ripple-vs-sec-both-sides-to-blame\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"XRP, Ripple vs SEC: ‘both sides to blame’ - Pre Coin News\" \/>\n<meta property=\"og:description\" content=\"Bill Barhydt, CEO of Abra, crypto wallet\" \/>\n<meta property=\"og:url\" content=\"https:\/\/precoinnews.com\/crypto\/xrp-ripple-vs-sec-both-sides-to-blame\/\" \/>\n<meta property=\"og:site_name\" content=\"Pre Coin News\" \/>\n<meta property=\"article:published_time\" content=\"2021-01-05T23:58:30+00:00\" \/>\n<meta name=\"author\" content=\"mediabest\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/precoinnews.com\/wp-content\/uploads\/2021\/01\/ccryptafotobitcoin-2902690_1280-1000x600-1.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"mediabest\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/precoinnews.com\/crypto\/xrp-ripple-vs-sec-both-sides-to-blame\/\",\"url\":\"https:\/\/precoinnews.com\/crypto\/xrp-ripple-vs-sec-both-sides-to-blame\/\",\"name\":\"XRP, Ripple vs SEC: ‘both sides to blame’ - 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