Sam Lyman: "SEC will choke on the Ripple business" – Bits Media

The author of the Forbes magazine, specializing in crypto actures, suggested, that the securities and exchanges commission “bit more, what can swallow "in his judicial campaign against Ripple.

Sam Lyman (Sam Lyman) considers, that the organs of legal proceedings are becoming everything more obvious: New Administration of the Securities and Exchange Commission (SEC) It has no chance for winning Ripple. According to the expert, position of the head of the department Gary Gensler (Gary Gensler) distorting the previous SEC position in relation to Ripple and its main asset XRP.

“The agency’s attempts to classify digital assets as securities and subordinate them to the law on securities are faced with an unexpected enemy - their own past statements and internal documents of SEC”, - said Lyman.

The SEC may have bitten off more than it can chew in its campaign against XRP.

In my latest piece for @ForbesCrypto, I discuss how the “Ripple effects” from this lawsuit could benefit not just the #XRPArmy but also @Coinbase & the industry as a whole.https://t.co/hml3wYE5IK

— Sam Lyman (@Samlyman33) May 21, 2023

Sam Lyman is sure: weakness of the position of the current SEC administration in that, that the main goal of the trial is not to identify the facts of violation of regulatory requirements, And a camouflaged attack on the crypto industry. Therefore, the SEC is forced to be sophisticated in the invention of motives, Since the trial goes beyond the scope of simple security laws on securities.

Earlier the court ordered the commission to introduce
To the Ripple case draft with the speech of the former Corporate Finance SEC Corporate Finance William Hinman (William Hinman) About the status of ether.