Celebrity Lawyer Responds to Most Controversial Cryptocurrency Issues: XRP, Tether, and Craig Wright!

Touching on the most controversial issues in the cryptocurrency industry, Palley explained his ideas.

Stephen Palley, one of the most famous names in the crypto money industry, clarified some of the most controversial issues of recent days.

According to Stephen Palley, XRP is a Security
Stephen Palley, SEC case filed against Ripple, Craig Wright's new threats to Bitcoin, claiming to be Satoshi Nakamoto, alleged that Bitcoin is Ponzi, manipulation in the cryptocurrency industry, lawsuits against Tether and whether the reserves are backed. He explained his opinion on all subjects.

Stephen Palley emphasized in a statement he made after his detailed research that he thought XRP was a security. Palley emphasized that Craig Wright, who claimed to be Satoshi Nakamoto and filed a copyright lawsuit by stating that the Bitcoin whitepaper belongs to him, is not Satoshi Nakamoto.

"Tether Corrupt"
Stating that the prices in the cryptocurrency sector are being manipulated, Palley emphasized that Tether is likely to be corrupt. It is known that an additional 30-day period is requested in Tether's ongoing case. If Tether fails to prove its USDT reserves are full, it could lose the lawsuit filed by the New York Attorney General's Office. Although Palley's statement does not mean that the reserves are not backed, the phrase "corrupt" actually reveals his opinion about Tether.

Palley stated that he thinks that the US can continue to print more money with the expression "money printer go brrrrr". Drawing attention to the trillion-dollar stimulus packages printed by the Federal Reserve after the coronavirus epidemic, Palley is not considered unfair. Janet Yellen, who was spoken to be the new Treasury Secretary, emphasized that the United States could continue to print more money.