The advisor to the Salvadoran president on crypto assets has shared his predictions about the future of Ether and XRP. He predicts that the Securities and Exchange Commission (SEC) will soon recognize these assets as securities.

The opinion of the well-known Bitcoin maximalist Max Keiser is also noteworthy. He is confident that SEC Chairman Gary Gensler has all the necessary technical and political tools to classify XRP and ETH as securities.

Keiser states, "SEC actually serves the banking cartel and protects the interests of financial institutions. They are willing to use national security and patriotism to achieve their goals. SEC, of course, sometimes goes too far, but that won't stop them from destroying XRP and any other assets. In the world of finance and on Wall Street, there is virtually no rule of law for those who have money and influence."

Keiser also believes that the fact that the fate of XRP and ETH is in the hands of the regulatory body indicates that these assets are too centralized and cannot survive without losses in such a lawless and conflict-ridden environment where the SEC operates.

The advisor to the Salvadoran president notes that some opponents of the SEC put forth counterarguments, claiming that computer code cannot be considered a security. However, Keiser considers this a weak and dead-end argument, as the functionality and purpose of a crypto asset play a major role in determining its status.

It is worth reminding that the SEC has already classified projects such as Solana (SOL), Cardano (ADA), Polygon (MATIC), Coti (COTI), Algorand (ALGO), Filecoin (FIL), Cosmos (ATOM), Sandbox (SAND), Axie Infinity (AXS), and Decentraland (MANA) as securities. Interestingly, the cryptocurrency community has almost not reacted to this statement by the regulator. Moreover, some cryptocurrency platforms have taken the SEC's statement as guidance for action and delisted these assets to avoid potential problems.