Of course the SEC is ‘overreaching’ but that won’t stop them from killing off XRP and every other shitcoin. (Except BTC, of course. It’s untouchable).

Because there is virtually no rule of law whatsoever in Wall St/finance for those with $ and clout. Brad Garlinghouse has been spending a lot to keep his Ponzi scheme going, but he can’t outspend the Feds & Jamie Dimon.

It’s just a matter of when, not if when XRP gets cut down.

Quoting @JohnEDeaton1:

What is inconsistent is that so many #BTC Maxis fancy themselves Libertarians and then applaud or celebrate the massive and gross overreach by the SEC. 🤦