Ripple and BlackRock: XRP Lawsuit Conspiracy Debunked by Former SEC Lawyer

Ripple and BlackRock: XRP Lawsuit Conspiracy Debunked by Former SEC Lawyer

On the X platform, a contentious conspiracy theory has emerged involving Ripple and BlackRock, claiming that the two companies have been collaborating to create a tokenized global financial system by utilizing XRP infrastructure. The XRP lawsuit, according to critics, has played a major role in this non-coincident synergy. Bill Morgan, a former SEC attorney, refutes this theory, claiming that the XRP lawsuit is unrelated to this purported relationship.

Over the past few days, a conspiracy theory involving Ripple and BlackRock has gained traction on X, igniting intense conversations and arguments. In an X post, former SEC attorney Marc Fagel rejects the XRP lawsuit as baseless, despite rumors that it was the result of a concerted effort by BlackRock, Ripple, and Gary Gensler.

Claims of Ripple and BlackRock System Integration

The idea states that Ripple and BlackRock are developing complementary systems, with linked components such as Aladdin, XRP Ledger, tokenized treasuries, and on-chain digital identification systems. According to experts like Stellar Rippler, these factors are converging to reveal a deeper connection between the two businesses.

https://x.com/StellarNews007/status/1947018671739805968/photo/1

Curiously, the conspiracy idea starts with Larry Fink, CEO of BlackRock, highlighting the significance of digital identification in his vision of tokenization as the financial industry’s future. As Ripple and Ondo Finance collaborate to tokenize US Treasuries on XRPL using BlackRock’s USD Treasury fund support, this story gains momentum.

XRP Lawsuit and Legal Clarity

Furthermore, the resolution of the XRP litigation gave XRP vital legal clarification, according to the Ripple-BlackRock conspiracy hypothesis. This development may open the door for Ripple to participate in partnerships and tokenized assets, including with BlackRock. The noteworthy relationship between former SEC Chair Gary Gensler, BlackRock executives, and Ondo co-founder Nathan Allman, all of whom have a shared history at Goldman Sachs, supports this assertion.

SEC Lawyer Denies XRP Lawsuit Ties

Marc Fagel countered that the XRP lawsuit was not part of the conspiracy idea in response to this specific accusation. Fagel refutes the argument, pointing out that Jay Clayton started the XRP litigation, even if detractors note that Gary Gensler sued the platform. “Long before Gensler joined the SEC, Ripple was sued under Trump/Clayton,” he said. The fact that this accusation against the XRP lawsuit is made as the case approaches a possible settlement is significant.

$XDNA ETF and XRP Ledger Project Link

The overlap between the asset manager’s $XDNA ETF, which focuses on health and genetics, and the DNA Protocol ($XDNA) project, which was introduced on the XRP Ledger, is an interesting development in the BlackRock-Ripple link idea. Particularly in the areas of decentralized identification and genomics, this ticker symbol coincidence has raised questions about a possible Ripple relationship with BlackRock. With its support for sovereign data layers and decentralized identity credentials, XRPL may be positioned as the framework for a new financial system.

Tokenization Strategy and Ripple’s Global Vision

The tokenization plan of XRP Ledger, which includes commodities, real estate, treasuries, CBDCs, and carbon credits, is another important issue brought up by X specialists. This seems to be similar to BlackRock’s approach.

Speculation over a possible collaboration or synergy between the two organizations is fueled by the roadmaps’ similarities as well as reports that BlackRock’s Aladdin system is testing XRP Ledger and RippleNet for cross-border payments. Furthermore, Fedwire’s acceptance of ISO 20022, the same standard that XRPL uses, may make it easier for the two systems to integrate, supporting the Ripple conspiracy hypothesis even further.

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