Analyzing the Influence of JPMorgan: Ethereum’s Achievement and Ripple’s XRP Challenges

Decoding JPMorgan’s Impact: Ethereum’s Success and Ripple’s XRP Setbacks

In a comprehensive investigation conducted by Mr. Pierre Herubel, a renowned crypto expert, a web of connections has been revealed that may have led to Ripple’s struggles and Ethereum’s unprecedented privileges. This intricate tale involves secret meetings, regulatory controversies, and legal battles among influential players such as JPMorgan, the SEC, Ripple, Ethereum, and ConsenSys. The following timeline unravels what could arguably be the financial scandal of the 21st century.

The JPMorgan Connection & Ethereum Alliance

Back in February 2017, JPMorgan and Ripple’s competitor ConsenSys jointly established the Enterprise Ethereum Alliance. However, by April, JPMorgan decided to exit the consortium, while Ripple remained an active member. This marked the beginning of a series of notable events and developments.

Secret Meetings and Major Investments

Throughout 2018, JPMorgan’s interest in Ethereum became increasingly evident through secret meetings held with Coinbase, a prominent cryptocurrency exchange. Additionally, the financial giant made significant investments in ConsenSys, Ripple’s direct competitor. The culmination of this connection can be seen in the term “Morganization,” drawing parallels to J.P. Morgan’s historical monopolization techniques.

Lawsuits and Regulatory Issues for Ripple

Starting with the SEC’s lawsuit against Ripple in December 2020, the company has been embroiled in a series of legal and regulatory challenges. Ripple’s General Counsel even called for an investigation into Hinman’s alleged criminal financial conflicts. These legal obstacles appear to be deliberately hindering Ripple’s progress and impeding the adoption of XRP, its digital currency. Advocates argue that these delays are part of a tactical plan orchestrated by JPMorgan to give Ethereum a competitive edge.

Free Pass for Ethereum

One notable aspect of this saga is the SEC’s preferential treatment of Ethereum. While Ripple continues to face regulatory issues, Ethereum received regulatory clarity and was afforded a so-called “free pass” in July 2017. The SEC’s unusual handling of Ethereum has raised suspicions. Recent lawsuits against the SEC shed light on potential document disguises and communications cover-ups regarding Ethereum. This controversial scenario only adds to the enigma.

Unraveling the Connection

The question arises: why has Ethereum received unparalleled regulatory privileges from the SEC? Through careful analysis, the puzzle pieces ultimately point to JPMorgan’s historical practices of creating monopolies. It appears that this strategy may once again be at play in the realm of digital finance. Ripple’s ongoing struggles seem more than mere coincidence, while Ethereum’s string of privileges appears less like a stroke of luck.

As the investigation progresses, it becomes evident that a comprehensive understanding of the timeline and intricate connections is essential to grasp the full extent of the impact JPMorgan has had on Ethereum’s success and Ripple’s setbacks.

Disclaimer: The news article has been written based on Mr. Huber’s investigation, compiling publicly available information and drawing connections. The opinions expressed in this article are not a reflection of the views of Coinpedia or its affiliates.