news 
SEC vs. Ripple: Key Negotiation Issue Revealed
The ongoing legal battle between the Securities and Exchange Commission (SEC) and Ripple has taken another dramatic turn as the agency’s internal emails have revealed a crucial issue in their negotiations with the cryptocurrency company.
According to recent reports, it appears that the SEC is attempting to hold Ripple accountable for its use of Ether (ETH) and XRP in financing the development of certain platforms. This comes as a shock to many in the crypto community, as both ETH and XRP have been used for various purposes, including financing the buildout of blockchain-based projects.
In a stunning twist, it appears that the SEC believes that Ether has “morphed” into a commodity, and therefore should be regulated as such. This move is seen by some as a blatant attempt to target Ripple while giving Ethereum (ETH) a free pass due to its different regulatory treatment in 2018.
Ripple CTO David Schwartz has responded to the allegations, stating that Ether was “privately sold by an issuer prior to any ledger or blockchain existing.” However, this clarification does little to ease the concerns of investors and users who are following this case closely.
The key issue here appears to be the SEC’s selective enforcement of regulations on cryptocurrencies. If true, it would imply that the agency is choosing winners and losers in the crypto space, a move that could have far-reaching consequences for the entire industry.
As the case continues to unfold, many will be watching with bated breath to see how this plays out.
Source: https://u.today/sec-vs-ripple-key-negotiation-issue-revealed
