Vocal Bitcoin maximalist Max Keiser has once again criticized XRP, stating that the chances for its growth are zero. This criticism comes amid the recent SEC appeal against Ripple.
Max Keiser's Relationship with XRP
Last week, Max Keiser, a Bitcoin advisor to the president of El Salvador, shared a video on social media, likening XRP holders to a fledging bird unable to catch a worm. He openly criticizes altcoins like XRP, SOL, ADA, and ETH, referring to them as 'centralized tokens'.
SEC's Response to Ripple Case
The Securities and Exchange Commission (SEC) has filed an appeal against a federal judge's decision in the case against Ripple, resulting in a significant drop in XRP's price. On October 2, the agency filed its appeal but has not yet specified which issues it intends to appeal.
Ripple's Response to SEC Appeal
Ripple's CEO, Brad Garlinghouse, called the SEC appeal 'infuriating' and 'misguided', stating that the company intends to continue the fight to achieve ultimate victory. Ripple has spent over $200 million on legal battles with the regulator, including a $125 million fine.
The ongoing conflict between Ripple and the SEC continues to significantly impact the cryptocurrency market and fuels debates among investors and analysts. Time will tell whether this confrontation will lead to changes in regulatory approaches to the crypto industry.
