Brad Garlinghouse made his say about Bitcoin touching the $1 trillion.  He stated, Amazing! With the total market cap of crypto only $1b <10 years ago, it seemed inevitable to me that we would see this day – but it’s remarkable that it didn’t even take a decade to get here. I’m even more optimistic for the next 10.

However, the community is more interested in their own affair which is about the SEC issue.

Brad also seemed to be glad to retweet what Stuart Alderoty tweeted about the SEC issue:  As many of you have seen, the SEC filed an amended complaint today. The only legal claim remains: did certain distributions of XRP constitute an investment contract? Disappointing the SEC needed to try to “fix” their complaint after waiting years to bring it in the first place.

Users feel the Ripple (XRP) has the best lawyers on the planet.  Users feel that even with all the effort put in the amended complaint, the complaint is still weak.  The amendment summary reads:  From at least 2013 through the present, Defendants sold over 14.6 billion units of digital asset security called “XRP” in return for cash.

For clarity, “A digital asset is a digital representation of something of value, for which ownership is verified and recorded on a distributed ledger.”

This comes at a point in time a user states:  Just when I think the SEC couldn’t look any more embarrassing or lose more of my respect.

I agree 100%. The SEC is simply putting on a show at this point, trying to create the illusion that they have a case against Ripple and XRP. They don’t! They settle or they lose!

XRP Community user stated that the SEC is incredibly embarrassing right now over this whole situation. He also stated, can’t wait to put it behind us and let XRP have the regulatory clarity it needs to become the best option for transferring value. And, the community are thinking Stuart.

Also, some say, between this and their inability to investigate $GME because of the in-between administrations still. For whatever reasons, the SEC looks terrible right now.

Yet another users pointed to how SEC are already changing the topic by putting “security” or “currency” and by putting individuals’ name on desk and instead clarification.

In summary, they are trying to fix the work of some amateurs and the SEC is just showing the world how far off they’ve fallen from finance and innovation. The world is laughing at them.

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