VC Claims SEC Will Drop ALL Charges Against Ripple
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October 6, 2023 8:42 pm
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Yasin Mobarak the founder of Dizer Capital a private equity firm made some pretty bold claims recently.
Mobarak claimed the SEC will drop all charges against Ripple and its cEO Brad Garlinghouse.
The founder of Dizer Capital stated “It is not in the regulator’s interest to have a trial where “their corruption can be exposed.”
He continued “They (SEC) will now move to end this case as soon as possible so that they can appeal to the 2nd circuit and continue to sustain this cloud of uncertainty on the whole industry. Litigation, by itself, regardless of the outcome, is the weapon.”
The SEC Will Drop All Charges Against Ripple (XRP) According to This VChttps://t.co/EA5pucPf9h
— John Morgan (@johnmorganFL) October 6, 2023
𝙏𝙝𝙚 𝙎𝙀𝘾 𝙒𝙞𝙡𝙡 𝘿𝙧𝙤𝙥 𝘼𝙡𝙡 𝘾𝙝𝙖𝙧𝙜𝙚𝙨 𝘼𝙜𝙖𝙞𝙣𝙨𝙩 𝙍𝙞𝙥𝙥𝙡𝙚 (𝙓𝙍𝙋) 𝘼𝙘𝙘𝙤𝙧𝙙𝙞𝙣𝙜 𝙩𝙤 𝙏𝙝𝙞𝙨 𝙑𝘾 https://t.co/YI6Q2Quggk
— ANT1 (@ANT159694954) October 6, 2023
Here’s what Crypto Potato shared:
Yassin Mobarak – founder of the private equity firm focused on startups in the tech sector Dizer Capital – believes that the United States Securities and Exchange Commission (SEC) could withdraw all accusations against Ripple and its CEO Brad Garlinghouse.
According to him, it is not in the regulator’s interest to have a trial where “their corruption can be exposed.” Mobarak further claimed that XRP has solidified clarity in the crypto market, which could put the SEC’s agenda at risk.
“They will now move to end this case as soon as possible so that they can appeal to the 2nd circuit and continue to sustain this cloud of uncertainty on the whole industry. Litigation, by itself, regardless of the outcome, is the weapon,” he concluded.
Most X users who commented below the post doubted that such a scenario is in the cards given the SEC’s determination in previous cases. Some predicted that the Commission will not call it quits in favor of Ripple but try to delay the conclusion as long as possible.
Is the SEC About to drop ALL Charges vs. Ripple and $XRP? John Deaton believes so! Could be a massive win for all of #crypto moving forward! pic.twitter.com/iPe4hVxtMZ
— Tim Warren (@Tims_TA) October 6, 2023
The #SEC should really reconsider its stance on #Ripple and lead by example. Dropping all charges against Ripple would send a powerful message of accountability 🌐
It wouldn't be in their best interest to have a trial because they would surely #expose themselves pic.twitter.com/e3DFgIx573
— Black Swan Capitalist (@VersanAljarrah) October 6, 2023
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