David v. Goliath, How Ripple Is Winning The Case Against The SEC

The market had the perception that the case was going to favor the regulator, but time has proven this idea wrong. Ripple has given the regulator a run for its money, but the true winners seem to be the XRP community, an element that the SEC surely failed to take into account while filing for what some have called a “last-minute” lawsuit.

The CEO of Coinbase Brian Armstrong has followed the case, via Twitter he claimed that it “seems to be going better than expected”. In addition, he commented on the unexpected consequences the SEC is facing due to the pressure exercised by those affected in the Ripple action, the XRP holders. Armstrong said:

The Ripple case seems to be going better than expected. Meanwhile the SEC is realizing that attacking crypto is politically unpopular (because it harms consumers).

Not a Wall Street whale or a big bank, the lawsuit has directly impacted the financial situation of the XRP community as the token was removed from many crypto platforms. Many continue to delist the token as they fear retaliation from the U.S. SEC, as legal expert John Deaton reported.

Source : bitcoinist.com