Vitalik Buterin View on Ripple (XRP) Losing It’s Right To Regulatory Protection

Some days ago we witnessed some exchange of tweets as regards well, I will put it has whose digital assets is better off than between the Ethereum developer and the ripple. We are pretty much aware about Ethereum pending cases with security exchange commission SEC, and where it’s headed.

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The Ethereum creator Vitalik Buterin tweeted about how ripple XRP lost their protective right by the crypto community from far reach of the government, in the tweet which he was rendering praises to etherum supporters for having a voice within the Etherum community which I totally think if you say is right if you say a project is decentralized.
In he’s tweet which he said;

“Glad to see Ethereum people pushing against regulations that privilege ETH over other legitimate cryptocurrencies.

(I have not dug into the details of what specifically is going on and to what extent. It’s a government thing vs. a compliance decision of one business, but either way…)”

Moreover giving exception to ripple of course which they at some point referred to bitcoin and etherum as Chinese controlled digital currencies.

“XRP already lost their right to protection when they tried to throw us under the bus as ‘China-controlled’ in my opinion.”

In a response to defend itself the chief technical officer of ripple replied in a tweet blasting the Ethereum which is a proof of work digital assets referencing it to eBay shares;

Just as eBay stockholders want to leave as much friction between buyers and sellers as they can because that’s their revenue stream, so do miners in ETH and BTC. That’s part of why they have higher fees than XRPL.”

In late 2020, Ripple was sued by the U.S. Securities and Exchange Commission (SEC) for allegedly issuing XRP as an unregistered security.

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