The United States Securities and Exchange Commission’s lawsuit against Ripple Labs revealed several facets of the regulatory body’s approach towards cryptocurrencies. In fact, many believe the SEC allegedly favored top cryptocurrencies like Bitcoin and Ethereum over the rest of the market.
Matt Hamilton, Director of Developer Relations at Ripple, recently reiterated that narrative. In an interview, he claimed that “the SEC shouldn’t be picking and choosing favorites,” as its Director of Division of Corporate Finance William Hinman did in the past.
During the interview, the developer also outlined the various stereotypes that are associated with XRP. In doing so, he also argued why they hold no value.
According to the exec, its negative
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