XRP Army Support and Ripple Lawsuit
• Popular crypto analyst Ben Armstrong discussed the XRP Army, Ripple’s lawsuit with the SEC, and his portfolio advice.
• He praised the XRP Army and asked creative individuals to create something XRP-related that can be placed on the Bitboy Crypto set.
• Ben believes that a settlement between Ripple and the SEC could be reached soon but is unsure of Chairman Gensler’s plans.
XRP Army: A Force To Be Reckoned With
Ben Armstrong recently shared his thoughts on the XRP Army in a recent video. He is an avid supporter of this project and believes that without their support, it would never have gained so much power. As recognition for their contribution, he asked for members of the army to create something unique related to XRP that can be displayed permanently on the Bitboy Crypto set.
Ripple v. SEC Lawsuit
The influencer also touched upon the ongoing legal battle between Ripple and the U.S Securities & Exchange Commission (SEC). He stated that a settlement may soon be reached but anticipates Chairman Gensler’s plans to classify every cryptocurrency as a security could get in the way of this agreement. Furthermore, if the court decides that Ripple is not a security on secondary markets this could potentially damage SEC’s momentum in regulating digital assets.
Crypto Portfolio Advice
To end his video, Ben gave advice on building a solid crypto portfolio by including Bitcoin and Ethereum along with Cardano (ADA) which he believes has great potential due to its high upside potential based on its fundamentals as well as its technology advancements. Finally, he strongly recommended adding XRP into any crypto portfolio due to its potential gain going forward.
Overall, Ben Armstrong provided some interesting insights into cryptocurrencies such as XRP, Cardano (ADA), Bitcoin, Etheruem and more during his recent video session. Not only did he provide details about why investing in these currencies is beneficial but also shed light onto current events like Ripple’s lawsuit with The SEC as well as recognizing how important it is for investors to build diversified portfolios in order to maximize gains over time.