The SEC’s actions in this cryptocurrency case are beginning to raise eyebrows.

We first reported on the XRP – Ripple case against the SEC in July. This excellent summary will bring you up to speed on the SEC’s shocking actions and efforts against XRP while SEC leadership aligned with Bitcoin and Ethereum while helping China.

This past weekend Charles Gasparino on FOX News picked up the story.

A seemingly esoteric legal battle involving the Securities and Exchange Commission and fintech startup Ripple Labs could provide clarity on how much authority the SEC has over regulating the $2.2 trillion crypto market.

The bad blood between Ripple and the SEC began in December 2020 when the SEC filed a lawsuit alleging Ripple Labs, a global payments platform, had violated securities laws by failing to register its XRP cryptocurrency as a security. The move was one of the last made by then SEC Chair Jay Clayton before he left office following Joe Biden‘s victory over Donald Trump in the 2020 presidential election.