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#CryptoLeaks 🚨
$XRP 🚨🚨
🚨🔥BREAKING NEWS🔥🚨: LEAKED RIPPLE EMAILS IN SEC LAWSUIT REVEAL THE COMPANY PUSHED “BITCOIN IS CONTROLLED BY CHINA” FUD. THEY WERE BEHIND THE NARRATIVE👀
What is the latest information regarding Ripple's claims about Bitcoin being controlled by China in the context of the SEC lawsuit?
🕵️♂️ Leaked Emails Unveil Ripple's Strategy: Recent leaks have revealed that Ripple Labs promoted the narrative that Bitcoin is controlled by China, aiming to differentiate XRP from other cryptocurrencies amid regulatory scrutiny.
📜 Historical Claims Resurface: As early as 2018, Ripple's CEO, Brad Garlinghouse, publicly stated that "Bitcoin is really controlled by China," highlighting that four miners in China controlled over 50% of Bitcoin.
⚖️ Legal Arguments Against the SEC: In its defense against the SEC's lawsuit alleging XRP is a security, Ripple argued that Bitcoin and Ethereum are "Chinese-controlled," suggesting that labeling XRP as a security would unfairly favor these cryptocurrencies.
🤝 Community Pushback: Ripple's stance faced criticism from industry leaders, including Ethereum's co-founder, Vitalik Buterin, who described Ripple's claims as "sinking to new levels of strangeness."
🔍 SEC's Internal Communications: Ripple obtained confidential SEC emails related to a 2018 speech declaring Ethereum not a security. Ripple's executives suggest these emails reveal inconsistencies in the SEC's regulatory approach, potentially impacting the lawsuit's outcome.
These developments shed light on Ripple's strategic positioning within the cryptocurrency regulatory landscape and its ongoing legal battle with the SEC.