Ripple CTO David Schwartz Compares SEC’s Ethereum Handling to China’s Bitcoin Market Tactics

  • Ripple’s Chief Technology Officer David Schwartz has compared the SEC’s handling of Ethereum to China’s past manipulation of Bitcoin.
  • Consensys, the creator of the MetaMask wallet, hinted that the SEC might soon conclude its investigation into Ethereum.
  • Neil Hartner, a Ripple Payments software engineer, questioned if this resolution is more public relations than regulatory clarity.

The SEC’s Ethereum investigation resolution draws parallels with China’s past Bitcoin market manipulation, raising questions about regulatory consistency.

XRP Community Reacts to SEC’s Ethereum Decision

Within the XRP community, this development has ignited conversations, particularly among those who feel Ethereum has received favorable treatment. Ripple’s Chief Legal Officer, Stuart Alderoty, questioned whether this means Ethereum transactions are not classified as securities and the implications for MetaMask and Ethereum staking.

Comparisons with China’s Bitcoin Strategy

David Schwartz highlighted that China’s historical approach to Bitcoin, alternately banning and unbanning it, was perceived as a market manipulation tactic for Chinese oligarchs’ benefit. He drew a parallel, suggesting the SEC’s inconsistent regulatory stance might similarly favor certain crypto market participants.

Conclusion

The ongoing debate underscores the need for a clear, consistent regulatory framework in the crypto space. Schwartz’s comments stress the importance of transparency and predictably in crypto regulation, a crucial factor for the industry’s growth and stability. As the SEC moves toward potentially closing its Ethereum investigation, the crypto community watches closely, advocating for rules that are clear and fair to all players.

BREAKING NEWS

Solana SOL to Bitcoin: Jump Crypto Converts 1.1 Million SOL to 2,455 BTC, Transfers to Galaxy Digital

According to Lookonchain data dated October 31, Jump Crypto...

Bitcoin Whale With 14-Game Win Streak Holds $3.62B in Longs Across BTC, ETH, SOL Amid $11.4M Unrealized Losses

COINOTAG News, October 31, as tracked by HyperInsight, flags...

Bitcoin (BTC-USD) Leads $1.134 Billion in 24-Hour Liquidations, Hyperliquid Records $21.43 Million Largest BTC-USD Hit

According to Coinglass data published on October 30, global...

Nordea to Offer Bitcoin-Backed ETP via CoinShares on Platform, Launching December 2025

Nordea Bank will broaden its crypto offering by introducing...

Smart Money Goes 25x Long on Ethereum After 10/11 Flash Crash, Holding 19,383.25 ETH (~$73.3M)

According to COINOTAG News and market data dated October...
spot_imgspot_imgspot_img

Related Articles

spot_imgspot_imgspot_imgspot_img

Popular Categories

spot_imgspot_imgspot_img