Documents from the SEC lawsuit expose Ripple’s deliberate efforts to push anti-Bitcoin and Ethereum narratives to the public.
Ripple’s Strategic FUD Campaign Exposed
Leaked internal emails from Ripple Labs, unsealed in the ongoing SEC lawsuit, suggest that the company actively pushed the narrative that Bitcoin is controlled by China to sow doubt about the leading cryptocurrency. The emails indicate a coordinated effort to spread fear, uncertainty, and doubt (FUD) about Bitcoin and Ethereum while positioning XRP as the superior alternative.
Ripple Executives Discussed Targeting Bitcoin and Ethereum
The emails, dated July 16, 2018, show internal discussions among the executives about reinforcing claims that Bitcoin is run by China. One email states:
“How is the Bitcoin/China story different than the one we are already working on? Are we willing to put someone on the record now to specifically call out Bitcoin and Ethereum?”
Another excerpt references the strategy as “similar to what Brad [Garlinghouse] and [another executive] already say publicly about Bitcoin being run by China.”
These revelations confirm that Ripple was not just making offhand remarks about Bitcoin’s mining concentration in China but actively working on a public relations campaign to discredit its competitors.
Crypto Community Reacts: “Ripple Was Behind the Narrative”
The leaks have sparked outrage in the crypto space, with industry figures condemning Ripple’s actions. Popular crypto commentator Crypto Rover called out Ripple, tweeting:
💥 LEAKED RIPPLE EMAILS IN SEC LAWSUIT REVEAL THE COMPANY PUSHED “BITCOIN IS CONTROLLED BY CHINA” FUD. THEY WERE BEHIND THE NARRATIVE.
Other crypto analysts, like DefiBanked.sol, criticized Ripple for manipulation, stating:
🚨 Wow, Ripple really outdid themselves here. These emails expose them as nothing more than a sneaky, manipulative player in the crypto space….pushing the “Bitcoin is controlled by China” narrative like a cheap political smear campaign.
XRP’s Integrity in Question Amid Lawsuit
With these leaked emails surfacing, Ripple’s credibility is under fire. Critics argue that instead of focusing on innovation, Ripple chose to manipulate narratives in an attempt to undermine Bitcoin and Ethereum.
🚨Wow, Ripple really outdid themselves here. These emails expose them as nothing more than a sneaky, manipulative player in the crypto space….pushing the “Bitcoin is controlled by China” narrative like a cheap political smear campaign. This wasn’t just some random comment……
As the SEC lawsuit continues, these revelations could further impact Ripple’s standing in the crypto market and fuel skepticism among XRP investors.
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