Altcoins News

Story: Was The Ripple Vs. SEC Lawsuit Just A Distraction? Analyst Claims U.S. Government Owns XRPL

By Evie Vavasseur

1 / 15

The SEC Case As A Smokescreen. Pumpius suggests that the lawsuit was a carefully staged smokescreen that allowed Ripple to expand…

2 / 15

Government and Central Bank Links. To support his argument, Pumpius points to Ripple’s extensive partnerships with governments,…

3 / 15

Quiet Growth During the SEC Fight. While headlines portrayed Ripple as being under constant regulatory pressure, the company was…

4 / 15

XRPL As Washington’s Blockchain. Pumpius goes further, arguing that the U.S. government may see the XRP Ledger (XRPL) not just as a…

5 / 15

From Payments To Identity. Perhaps the most controversial part of Pumpius’ claim is that XRPL could eventually be used to…

6 / 15

Was The Lawsuit A Setup?. For Pumpius, the Ripple vs. SEC case was never the real battle.

7 / 15

Conclusion. The Ripple vs. SEC lawsuit has long been viewed as one of the defining conflicts of the crypto…

8 / 15

The long-running battle between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) has been one of the most high-profile sagas in crypto history.

9 / 15

But according to crypto analyst Pumpius, the entire case may have been less about conflict and more about distraction.

10 / 15

Pumpius suggests that the lawsuit was a carefully staged smokescreen that allowed Ripple to expand globally while appearing to be under attack.

11 / 15

Instead of fighting against the system, Ripple’s technology was always built for the system.

12 / 15

“Ripple was never about retail adoption,” Pumpius claims. “It was about quietly building the next generation of payment rails — rails that could one day replace SWIFT, the…

13 / 15

To support his argument, Pumpius points to Ripple’s extensive partnerships with governments, banks, and financial institutions worldwide. These include:

14 / 15

Federal Reserve pilots exploring faster settlement systems

15 / 15

Central banks in Bhutan, Palau, and Montenegro experimenting with Ripple’s tech

The Currency Analytics

Want the full story?