Ripple’s CTO shares insights on the retail sale of XRP, while pro-XRP lawyer calls for an investigation into the anti-crypto stance of the SEC chair.

As the legal battle between Ripple Labs and the US Securities and Exchange Commission (SEC) continues, Ripple’s Chief Technology Officer (CTO), David Schwartz, recently shed light on the retail sale of XRP tokens, addressing concerns over the company’s distribution strategies. Meanwhile, a pro-XRP lawyer has raised concerns about the anti-crypto stance of the SEC chair and has called for an investigation.

David Schwartz took to Twitter to discuss the retail sale of XRP and how Ripple’s approach differs from that of other cryptocurrencies. He explained that Ripple’s distribution strategy aims to maximize the value of XRP by targeting strategic partnerships and collaborations that can drive utility and demand for the digital asset. According to Schwartz, Ripple’s retail sale of XRP is “a tiny fraction of what other projects are doing.”

This statement comes at a time when Ripple Labs faces a lawsuit filed by the SEC, alleging that the company has raised $1.3 billion through an unregistered securities offering by selling XRP tokens. Ripple has maintained that XRP is not a security but a digital currency, arguing that the SEC’s classification is misguided and detrimental to innovation in the crypto space.

In a related development, a pro-XRP lawyer has expressed concerns about the SEC chair’s anti-crypto stance, calling for an investigation into the matter. The lawyer argues that the chair’s views on cryptocurrencies, particularly his reluctance to provide clear classification for Ether, have created confusion and uncertainty in the market. This lack of clarity has hindered innovation and investment in the industry, with many stakeholders unsure about the regulatory framework governing digital assets.

As Ripple Labs continues to fight the SEC lawsuit, the outcome of the legal battle could have far-reaching implications for the entire crypto industry. A decision in favor of Ripple may provide much-needed regulatory clarity and set a precedent for future cases involving digital assets. On the other hand, a ruling against Ripple could further stifle innovation and discourage investment in the crypto sector.

In conclusion, Ripple’s CTO has addressed concerns regarding the retail sale of XRP, highlighting the company’s strategic approach to distribution. At the same time, the legal debate surrounding XRP’s classification continues to spark discussions on the need for regulatory clarity in the crypto space. As the industry eagerly awaits the outcome of the Ripple-SEC lawsuit, it is clear that the final verdict will have a significant impact on the future of digital assets and their regulation.