Max Keiser Shares Strong Sentiment on Ripple and XRP

In the cryptocurrency world, few figures spark as much debate as Max Keiser, renowned Bitcoin advocate, and advisor to the President of El Salvador on Bitcoin matters. Recently, Keiser once again stirred the pot, launching an unfiltered critique of Ripple, its CEO Brad Garlinghouse, and the company’s native cryptocurrency, XRP.

Max Keiser Has No Love For Ripple and XRP

Keiser’s critique of Ripple and XRP was far from tempered. He acknowledged that the U.S. Securities and Exchange Commission (SEC) might be extending its jurisdiction too far. Still, he was steadfast in his conviction that this would not prevent the SEC from quashing XRP and other cryptos he dismissively referred to as “shitcoins.”

His viewpoint leaves Bitcoin in a distinct category of its own. Keiser asserts that Bitcoin is the exception to the rule, a beacon of resilience in a sea of volatile, ephemeral digital assets.

The Influence of Wall Street and Financial Powerhouses

Max Keiser didn’t hold back in his critique of the financial world either. He presented a stark picture of Wall Street and the finance industry, suggesting that the rule of law is virtually nonexistent for those with sufficient wealth and influence. In his words, “… there’s virtually no rule of law whatsoever in Wall St/finance for those with $ and clout.”

He further insinuated that Brad Garlinghouse, Ripple’s CEO, has been investing heavily to keep his alleged “Ponzi scheme” afloat. Still, he posited that even Garlinghouse couldn’t match the spending power of federal agencies and financial moguls like Jamie Dimon.

In Keiser’s view, it’s not a question of if, but rather when XRP will meet its downfall. He warned, “It’s a matter of when, not if when XRP gets cut down.”

The Ripple Community’s Response

Keiser’s comments did not go unnoticed by Ripple’s supporters. John E Deaton, a pro-Ripple attorney, responded with a pointed critique.

Deaton questioned the inconsistency in the stance of many Bitcoin maximalists who, despite claiming libertarian beliefs, appear to support what he described as the “massive and gross overreach by the SEC.”

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