Buterin’s 2020 Prediction Fails: XRP Thrives Despite SEC Battle

• Ripple faces a $125 million court penalty, significantly reduced from the SEC’s initial $2 billion proposal.
• Vitalik Buterin criticized Ripple’s defense, questioning its claims against Bitcoin and Ethereum’s regulatory status.
• XRP trades at $0.597292, with key support levels at $0.59 and $0.60 as Ripple’s legal battle continues.

Back in December 2020, Ethereum co-founder Vitalik Buterin took a jab at Ripple’s legal defense. He singled out their claim that XRP shouldn’t be considered a security for “public policy reasons,” specifically because Bitcoin and Ethereum were supposedly “Chinese-controlled.”

Looks like the Ripple/XRP team is sinking to new levels of strangeness. They're claiming that their shitcoin should not be called a security for *public policy reasons*, namely because Bitcoin and Ethereum are "Chinese-controlled". https://t.co/ts02JqrTrB pic.twitter.com/mKwEzGIetk

— vitalik.eth (@VitalikButerin) December 22, 2020

This was part of a larger back-and-forth. Ripple CEO Brad Garlinghouse had criticized the SEC for being out of sync with other G20 nations and the broader U.S. government for allegedly favoring Bitcoin and Ethereum, arguing it unfai…

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