Home > Information news > Elon Musk Shares This Tweet About Ripple Beating SEC, Here’s What He Says

Elon Musk Shares This Tweet About Ripple Beating SEC, Here’s What He Says

Release: 2023/07/20 23:00 Reading: 708

Original author:U_Today

Original source:https://coinmarketcap.com/community/articles/64b9460fd4b55d1ee05a2887

Tech billionaire, Twitter and Tesla boss Elon Musk has commented on the recent episode of The All-In Podcast, where the hosts, aside from various other topics, also discussed the recent win of Ripple over the securities regulator SEC.

Musk and the Ripple-focused podcast

Musk complimented it, sharing the tweet on his personal page and writing “Good podcast”. Obviously, the recent partial victory of Ripple in court has been hot news that was not only important for Ripple and pushed the XRP price by more than 80%. It also brought hope to the crypto space that the SEC will not have total power to pressurize US crypto companies and crypto tokens they work with at any time they see fit.

The episode came out on Twitter on July 17 and on the 30-minute-31-second time mark the description includes “BREAKING: Ripple gets big win in SEC case, token rips”.

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Is Musk a fan of XPR? The answer is “no”

Most likely, the Ripple case was not the main point of interest for Musk on this podcast. Despite his strong interest in crypto – Dogecoin and Bitcoin in particular – the Twitter boss has never mentioned XRP or the Ripple-SEC case in his frequent tweets. Still, some major XRP fans keep trying to attract Elon Musk’s attention whenever he posts something that can be related to crypto in any way.

Musk’s main point of interest in crypto is the original meme coin DOGE. He mentions it in his tweets most often, even when he mentions “dogs”, the DOGE community still goes wild, taking it as a Dogecoin mention.

Also, Tesla still owns some of the Bitcoin it bought in February 2021 – back then they put $1.5 billion worth of BTC on their balance sheet. After around two months of accepting BTC for Tesla e-cars, Musk reversed this payment method over contradictory environmental concerns.

Around a year ago, Tesla sold approximately 75% of the Bitcoin it held after having lost around $440 million on its BTC holdings at the end of 2021. Since the sale, the company has not sold any more of that BTC and it continues to hold $184 million worth of this crypto on its balance sheet as of Q2 2023.

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