Founder of Heisenberg Capital agreed with the SEC chairman that all crypto-assets except bitcoin should be considered securities.
Bitcoin advocate Max Keiser sided with Gary Gensler, saying that all altcoins, including XRP and ETH, are securities.
The businessman noted that El Salvador has already passed laws under which bitcoin is not considered an investment contract.
Kaiser even invited the chairman of the SEC to visit this Central American country to find out: how the country manages to thrive thanks to bitcoin legalization.
“El Salvador is taking full advantage of the first cryptocurrency, so the country is making good use of resources.
BTC opens unique and incredible opportunities, the scale of which surpasses even the most fantastic benefits of any shiatcoin.
Other countries can do as they wish. But we believe the bitcoin adoption model in El Salvador will become the standard,” Kaiser wrote.
Kaiser mentioned Ripple, calling its representatives charlatans selling unregistered securities to U.S. investors.
The bitcoin maximalist assured that the SEC was right to file a lawsuit against the company.
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Bukeiser’s comments sparked outrage among members of the XRP community. Many users cited a recent ruling by Judge Analisa Torres.
The judge denied the SEC’s request to keep drafts of a speech by former top SEC official William Hinman, who said that ether is not considered a security.
Max Kaiser has previously been vocal in his dislike of XRP, accusing Ripple of multiple violations and causing a storm of outrage among supporters of the coin.