The legal battle between Ripple and the SEC may have ended in a victory for Ripple, but new leaked documents show that the SEC was extremely concerned about the existence of XRP.
Key takeaway:
• Internal emails from 2021 reveal that the SEC had intense debates over the stability of $XRP XRP if Ripple 'disappeared'.
• Many SEC officials could not agree on whether XRP is sufficiently decentralized.
• Besides XRP, the New York Attorney General once suggested that the SEC declare $ETH ETH a security in 2023 — but the SEC... remained silent.
• Documents published by Coinbase under the FOIA Act aim to counter the SEC in its own lawsuit.
Conclusion:
Even the top regulatory bodies are 'wracking their brains' over cryptocurrency. The question is: who really needs to be monitored — crypto or the lawmakers themselves?
