The post Max Keiser Urges SEC To Stand Against Unregistered Securities Referring To XRP appeared first on Coinpedia Fintech News

While the Ripple community is hoping to see an end for Ripple vs SEC lawsuit as soon as possible, a well known Bitcoiner, Max Keiser, stands against XRP.

In a latest Tweet, Bitcoiner Max Keiser claimed is seen quoting SEC to stand against all the unlawful inducement made by unregistered securities which he says while referring to XRP. This was made in reference to the video which was posted by an XRP user where the video is based on the reason for holding XRP.

As he referred to the video, Max Keiser pointed out XRP as centralized and urged SEC chair Gary Gensler to take the necessary action.

The @SECGov can argue, and they should, this XRP video is an unlawful inducement to sell unregistered securities. 15 seconds into it, XRP admits it’s centralized, for one thing. The list of actionable violations is long. #LockThemUpGary https://t.co/ftOS4f2bc2

— ’s Bitcoin Ambassador #Nayib2024 (@maxkeiser) October 3, 2022

The Ripple vs SEC case has been running since December 2020 where the Securities and Exchange Commission charged Ripple and two of its executives for raising more than $1.3 billion through unregistered digital asset securities offering.

Meanwhile, the XRP holder’s lawyer, John Deaton, slashed Keiser’s statement as he claimed that the Bitcoiner would know XRP if he ever had the currency on his mind.

Earlier, Ethereum founder, Vitalik Buterin spoke against the XRP community where he said Ripple’s XRP has lost its trust and protection. Vitalok’s comment comes after the community compared XRP with Bitcoin and Ethereum and claimed that XRP cannot be considered as security.

Even then after Vikalik’s statement, John Deaton was seen calling his tweet as immature and referred to it as a hateful comment.

At the time of writing, XRP is selling at $0.471 with a surge of 5.76% over the last 24hrs.