Can Robert F. Kennedy Jr’s Influence Impact SEC’s Crypto Strategy in the Crypto vs SEC Battle?

Former director of Ripple, Sean McBride, has recently called out U.S. presidential candidate Robert F. Kennedy Jr., accusing the U.S. Securities and Exchange Commission (SEC) of corruption. McBride’s message to Kennedy not only highlighted the lack of transparency and fairness in the SEC’s treatment of cryptocurrencies, particularly XRP, but also questioned the SEC’s overall practices, which he labeled as “corrupt.” McBride urged Kennedy, who has vowed to fight corruption, to comment on the matter, suggesting that if elected, Kennedy might subject the SEC to scrutiny.

In addition to addressing regulatory concerns, McBride also emphasized the eco-friendly nature of XRP compared to other cryptocurrencies, as it does not require energy-intensive mining. Given Kennedy’s background as an environmentalist, McBride sought his opinion on this aspect. However, Kennedy has yet to provide any comment on the ongoing Ripple vs SEC case.

On the other hand, Kennedy’s endorsement of Bitcoin and SHIB (Shiba Inu) suggests a different perspective, as these assets are not currently entangled in the SEC’s regulatory issues. Therefore, it may be challenging to call on Kennedy to stop the SEC’s overreach at the moment. Furthermore, with the recent questioning of the XRP case by Coinbase, the outcome remains uncertain.

Interestingly, prior to McBride’s call for Kennedy’s opinion, Kennedy had shown support for Shiba Inu, a meme coin, during the ETHDenver 2024 event. This endorsement aligned with the slogan “It’s Not A Meme, It’s A Movement” and came at a time when Shiba Inu was gaining significant traction and even securing a spot in the top 10 cryptocurrencies by market capitalization during a meme coin rally.

Tags: Crypto Regulations