EX-Congressional Participant Prefers XRP, LUNC Over Bitcoin

While the overall crypto market is facing an increased bear movement for the weekend, Ripple is celebrating its victory in Ripple vs SEC. Today, the SEC has finally agreed to handover Hinamn documents. The Hinman document is the one that contains the speech of SEC’s former Director Hinman which was delivered in 2018 where he had claimed that XRP is not a security.

The SEC wants you to think that it cares about disclosure, transparency and clarity. Don’t believe them. When the truth eventually comes out, the shamefulness of their behavior here will shock you. https://t.co/rqEzDXEx1A
— Brad Garlinghouse (@bgarlinghouse) October 20, 2022

However, Ripple’s native currency XRP has failed to show any positive trend as the currency is trading on a red note. At the time of writing, XRP has lost 4.78% over the last 24hrs and is trading at $0.439.

XRP Is More Preferable Over Bitcoin

Apparently, David Gokhshtein, former US Congressional candidate and Gokhshtein Media founder opts to dump Bitcoin and move towards XRP. This move from Gokhshtein comes after Ripple’s victory in the Ripple vs SEC case today.

He is of the opinion that if Ripple finds its final victory in the XRP lawsuit, then XRP price will see a massive spike. It’s just not XRP, Gokhshtein even portrays a positive outlook towards Shiba Inu (SHIB), Dogecoin (DOGE) along with Terra Classic (LUNC).

David Gokhshtein confirmed his stance towards XRP via Twitter post.

If I was thinking about buying a entire #Bitcoin today, I’ve switched up and am looking at maybe a bag of $XRP seeing the news.
— David Gokhshtein (@davidgokhshtein) October 21, 2022

David Gokhshtein’s support for Terra Classic came as a surprise due to his earlier opposition. Now, he believes Terra Classic community is doing great towards building LUNC and its stablecoin TerraClassicUSD (USTC).

After today’s victory, Ripple CEO Brad Garlinghouse claimed to be confident in terms of Ripple’s victory in the ongoing XRP lawsuit. Brad Garlinghouse’s claim was supported by Tesla CEO Elon Musk.

Was this writing helpful?

Source: https://coinpedia.org/news/ex-congressional-participant-prefers-xrp-lunc-over-bitcoin-here-is-what-you-need-to-know/