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An $XRP commentator says Ripple has strong grounds to pursue legal action on behalf of $XRP holders following recent disclosures linked to the Jeffrey Epstein files.
As the Epstein files continue to spark controversy across multiple sectors, some commentators suggest Epstein may have had indirect involvement in events surrounding Ripple’s early regulatory challenges.
The company’s legal battle with the SEC resulted in millions of dollars in losses and slowed its growth in the United States. Now, $XRP community figure “Stellar Rippler” argues that Ripple has every right to sue individuals believed to have played a role in these regulatory setbacks.
Key Points
- Amid ongoing revelations from the Epstein files, speculations suggest that Epstein may have had indirect links to Ripple’s early regulatory challenges.
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A May 7, 2018, email shows Epstein discussing Gary Gensler with Lawrence Summers, noting Gensler’s interest in digital currencies.
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Gensler became SEC chair two years later, fueling speculation that earlier discussions may have influenced the SEC’s lawsuit against Ripple.
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An $XRP commentator says Ripple has strong legal grounds to act on behalf of $XRP holders and sue the parties involved.
Epstein Disclosed Crypto-Related Discussions with Gensler
Among the disclosures is a reference to Blockstream co-founder Austin Hill, who described Ripple and Stellar as threats to competing blockchain ecosystems.
Hill allegedly urged Epstein and former MIT Media Lab director Joichi Ito not to invest in either company. Separately, a May 7, 2018, email from Epstein, marked “Do Not Share or Quote,” shows him asking former U.S. Treasury Secretary Lawrence Summers about Gary Gensler, noting that Gensler wanted to discuss digital currencies.
Meanwhile, Gensler became SEC chair two years later. Since Hill had earlier raised concerns about Ripple and Stellar, speculation has emerged that these discussions may have influenced the eventual SEC lawsuit against Ripple.
Ripple Has Strong Grounds to Sue Involved Parties on Behalf of $XRP Holders
According to Stellar Rippler, years of regulatory pressure caused extensive damage to Ripple. He points to millions of dollars in losses, years of stalled progress, frozen partnerships, $XRP delistings across U.S.-based exchanges, and sustained reputational harm.
He stressed that retail investors suffered the most, absorbing the downside of legal uncertainty. Furthermore, the analyst argued that the legal overhang discouraged banks, institutions, and global payment networks from partnering with Ripple due to perceived regulatory risk.
He described the situation as a mix of regulatory overreach and politically timed actions that resulted in tangible economic harm to investors, specifically retail $XRP holders. As a result, he argued that Ripple would be justified in pursuing legal action against parties allegedly involved in its regulatory troubles.
Clayton, Not Gensler, Initiated $XRP Lawsuit
Despite these claims, it is important to note that Gensler did not file the Ripple lawsuit. His predecessor, Jay Clayton, initiated the case in December 2020, while Gensler assumed office in January 2021.
Although Gensler did not bring the lawsuit, the SEC pursued the case aggressively under his leadership. The court later criticized the agency for failing to show faithful allegiance to the law.
Meanwhile, as calls grow for Ripple to seek records or pursue legal action over alleged Epstein-linked influence on crypto policy that may have targeted the company, some analysts remain skeptical. They argue that Ripple is unlikely to take legal action, citing its ongoing and strategic relationship with the U.S. government.