Bitcoin, Ethereum, and XRP are the three dominant cryptocurrencies. The SEC can't sue Bitcoin because it has no clear target, Ethereum got a de facto safe harbor after Bill Hinman's speech, and the SEC's focus on XRP confirmed its status as the third king.
All the OGs of crypto know the top 3 kings of crypto are Bitcoin, ETH, and XRP. Not Litecoin, Cardano, none of this Dogecoin, Polygon stuff. That's why the SEC looked at Bitcoin and said, well, we can't sue this. Who is there to sue? Then they looked at Ethereum. Bill Hinman gave his speech and gave Ethereum the free pass. Then who did they look at next? They looked at XRP next because they know XRP is the 3rd king of the market.
