NEWS FOR XRP Holders
A very important argument
It is important to avoid the narrative that XRP "won" its case against the SEC, as this claim distorts the facts. If the company had won decisively, it would not have had to pay any financial penalty. The fact that Ripple Labs accepted a financial settlement with the SEC suggests an implicit acknowledgment of irregularities or liability, as penalties are generally imposed when there is a partial or total acceptance of guilt in a legal dilemma.
To illustrate with a simple example: if a traffic officer stops you for speeding and issues you a penalty, it is because you committed an infraction. Similarly, if you do not file your taxes on time and face fines, it is because you broke the rules. The same applies to Ripple Labs; their settlement reinforces the idea that a breach of regulatory rules was identified.
This case also raises questions about the nature of XRP as a cryptocurrency. Although many argue that cryptocurrencies should represent decentralization and transparency, the events surrounding Ripple Labs suggest otherwise.
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XRP is not decentralized because its main owners hold a large majority of the total supply. Currently, approximately 50% of the existing XRP is controlled by Ripple Labs and the original founders of the company.
This calls into question the reliability of an asset that has faced regulatory sanctions, especially when much of the power and profits seem to be concentrated in the hands of a few investors and financial elites. Therefore, it is crucial to avoid misleading the public by claiming that XRP emerged victorious when its legal situation tells a different story: the payment of a financial penalty for a breach of previously established rules.
