Cryptocurrencies threatened with destruction by the US government are named

The Presidential Advisor on Cryptocurrency Assets of El Salvador shared his own forecast of what fate awaits ETH and XRP if the US Securities and Exchange Commission (SEC) achieves the recognition of the assets as securities. Popular bitcoin maximalist Max Keizer believes that SEC Chairman Gary Gensler has enough technical and political tools to grant XRP and ETH the status of securities.

«The Securities and Exchange Commission is working for the banking cartel, racketeering in the interests of financial institutions. To achieve its goal, it is ready to invoke national security and patriotism if necessary. Of course, the SEC goes to extremes in many ways, but that won’t stop it from killing XRP and any other asset. There is virtually no rule of law on Wall Street and in finance for those with money and influence,» Keyser wrote in his blog.

The crypto enthusiast notes that the very fact that XRP and ETH are in the field of view of regulators suggests that digital assets are too centralized and unable to survive without losses in the «lawless and conflictual environment where the SEC operates.»

The advisor to the Salvadoran president noted that a number of SEC opponents provide counter-evidence: program code, by definition, cannot be a security. However, Max Keiser considers this a weak argument, as its functionality and purpose will play a more important role in the classification of a crypto asset.

Earlier, the U.S. Securities and Exchange Commission classified Solana (SOL), Cardano (ADA), Polygon (MATIC), Coti (COTI), Algorand (ALGO), Filecoin (FIL), Cosmos (ATOM), Sandbox (SAND), Axie infinity (AXS), and Decentraland (MANA) as securities. At the same time, the cryptocurrency community has hardly reacted to the regulator’s statement. Moreover, a number of cryptocurrency platforms took the SEC’s statement as a call to action and delisted their tokens to avoid possible claims.