#GT# #BTC# #XRP# #ETH# #DOGE# The "Securities and Exchange Commission" in the XRP lawsuit

Ripple's attorney criticizes Van Eck's silence on "SEC favoritism" in XRP lawsuit.
Ripple's lawyer, Bill Morgan, criticized Van Eyck for its apparent double standards toward favoring the U.S. Securities and Exchange Commission (SEC), recalling the company's silence on XRP's lawsuit. Van Eyck, Canary Capital and 21Shares recently submitted a letter to the U.S. Securities and Exchange Commission to reinstate the "first come, first approve" policy for ETF applications (ETFs). In response to the move, XRP's lawyer questioned Van Eyck's selective criticism of the U.S. Securities and Exchange Commission's unfair treatment.
XRP lawsuit: Bill Morgan accuses VanEck of double standards regarding SEC bias
In a recent move, asset management firms, such as Van Eyck, Canary Capital and 21Shares, signed a joint letter addressed to the chairman of the U.S. Securities and Exchange Commission (SEC), Paul Atkins. As reported by CoinGape, the aim of the letter was to draw the authority's attention to the "first to apply, first to approve" standard for cryptocurrency ETFs. Van Eyck urged regulators to help promote innovation and fairness in the market, writing in a post on X: "The favoritism of the U.S. Securities and Exchange Commission undermines innovation in the ETF market."

However, not everyone is convinced of the stance of asset managers. Bill Morgan, an XRP attorney, questioned VanEck's motives in a post on X, pointing to their previous silence in the Ripple lawsuit. He claims that VanEck and other asset managers did not make statements when the U.S. Securities and Exchange Commission classified XRP as a security and Ethereum as a non-security. His post stated: "I don't recall you complaining about the favoritism of the SEC when a lawsuit was filed against Ripple due to XRP sales, and Ethereum got a free pass."