Re:Coinbase to Suspend Trading in XRP
by programmerslave on Monday December 28, 2020 @09:22PM
(#25565988)
As soon as Bitcoin market cap starts shooting up, the SEC starts banning coins and increasing regulation. It’s a correlation as clear as day. The US government is actively trying to suppress Bitcoin/crypto growth. This is no coincidence
[ Parent
| on HN ]
Take your tinfoil hat off, the SEC might time their interventions but a scam is a scam.
On the contrary, one could argue that the drop in XRP prices (and corresponding outflow of capital) has been one key drivers of the successive ATHs BTC has hit this week.
Longer term, there are many other tokens/protocols that can fulfill XRP’s functions without its obvious weaknesses.
Re:Coinbase to Suspend Trading in XRP
by onethought on Monday December 28, 2020 @09:24PM
(#25566004)
But they aren't banning bitcoin though :\ Wouldn't that be the way to suppress it?
Re:Coinbase to Suspend Trading in XRP
by unwoundmouse on Monday December 28, 2020 @09:25PM
(#25566019)
They don't have great legal grounds to attack bitcoin imo, only threat to national security or treason or some bs
Re:Coinbase to Suspend Trading in XRP
by onethought on Monday December 28, 2020 @09:30PM
(#25566053)
Well, rather than attacking alt-coins wouldn't lobbying for laws to allow them to block bitcoin exchanges (or tightly regulate them) as other countries have done be stronger evidence they were trying to undermine crypto?
The GP has drawn a strange correlation in my opinion that doesn't follow logic. But I admit I could be missing the logic.
Re:Coinbase to Suspend Trading in XRP
by quickthrower2 on Monday December 28, 2020 @09:39PM
(#25566130)
Legit Bitcoin creates tax revenue so there is that too.
Re:Coinbase to Suspend Trading in XRP
by etrabroline on Monday December 28, 2020 @10:10PM
(#25566325)
>The US government is actively trying to suppress Bitcoin/crypto growth
It's complicated. US regulators would absolutely ban all crypto if it started threatening the dollar and they had no other choice. However right now that isn't happening, and they are actually only going after pretty clear cases of fraud, which it seems like XRP was doing.