Max Keiser Claims XRP Growth Chances Are Zero

user avatar

by Giorgi Kostiuk

2 years ago

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.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

Thailand's SEC Takes Action Against Bitget for Unlicensed Operations

Thailand's SEC has filed a criminal complaint against BG Limited for allegedly operating the cryptocurrency exchange Bitget without a license.

user avatarAndrew Smith

VanEck Sees Buying Opportunity in Bitcoin Mining Stocks After Market Correction

VanEck sees a buying opportunity in Bitcoin mining stocks after a market correction, citing limited electricity capacity and delays in grid connections as potential advantages.

user avatarZainab Kamara

Bitcoin Mining Stocks Plummet Amid AI Infrastructure Concerns

Bitcoin mining companies that expanded into AI infrastructure saw an average stock price decline of 35% in October 2023 due to market fears about rising borrowing costs and economic uncertainties.

user avatarJacob Williams

Proposed Loss Carryforward Mechanism for Cryptocurrency Investments

South Korean government officials proposed a three-year loss carryforward mechanism for cryptocurrency investments to create a balanced taxation approach.

user avatarTando Nkube

Samsung Wallet Introduces Stablecoin Functionality for Galaxy Users

Samsung Wallet has launched a feature for US Galaxy users to manage stablecoin accounts, allowing them to buy, hold, send, and receive USDC on the Solana blockchain.

user avatarSon Min-ho

Evernorth Registers 737 Million Shares, Raising Concerns Over Stock Pressure

Evernorth has registered up to 737 million shares for potential resale, raising concerns about selling pressure on its stock.

user avatarAyman Ben Youssef

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.