Former SEC official criticizes a distinction between institutional investors and the general public, while XRP gains popularity after the judgment

Former SEC official criticizes a distinction between institutional investors and the general public, while XRP gains popularity after the judgment

Title: XRP experiences an upswing after a groundbreaking judgment, while criticism of the distinction between institutional investors and the general public is loud

subtitle: Despite the price correction after the judgment, the XRP course has still increased by 50 %

XRP, the payment -oriented cryptocurrency of Ripple, has gained popularity after a groundbreaking judgment in one of the longest and most difficult litigation in the company's history. Lunarcrush, a social analytics company, has found a rapid increase in XRP's social engagement. The coin could even overtake Ethereum and Bitcoin. Despite a price correction after the judgment, XRP is still traded 50 % higher than a month ago.

The judgment in XRP legal dispute has not only triggered applause. A former official of the US stock exchange supervision SEC, John Reed Stark, criticized the judgment and pointed out fundamental defects. He expressed concerns that institutional investors and the general public are treated differently. The judgment states that XRP is considered a securities when it is sold to institutional investors, but not if it is sold to the general public.

strongly argued that private investors had as much access to information as institutional investors and therefore knew about Ripple and his intentions. He denies the assumption that private investors were ignorant and demands that they should not be treated condescendingly.

It remains to be seen how the SEC will react to the judgment. Bloomberg reports that the regulatory authority is examining the judgment and considering it.

Despite the criticism and uncertainty about the further steps of the SEC, XRP remains popular with investors and has attracted a lot of attention on social media. With the current increase in price by 50 % in one month, XRP is a cryptocurrency that needs to be observed.