A new documentary entitled “Rigged from the Start: Exposing the SEC’s War on Crypto” is getting ready for its D.C. premiere, covering the messy legal battle between Ripple Labs, the creators of XRP, and the US SEC. The worldwide premiere is scheduled to launch today.
The film promises to go in-depth on behind-the-scenes details of the high-profile case, including elements that, for the most part, have remained mainly occluded from the big crypto community.
After Arizona, it was screened in Houston, Texas, and Atlanta, Georgia. The latest word is that the Friday evening show will be seen in Washington, D.C. The worldwide premiere is scheduled for November 21. Until then one can preorder it on the official webpage.
Its production team said Rigged from the Start features top crypto influencers and digital finance experts. The documentary should provide more context and help explain the nature of this ongoing standoff between Ripple and the SEC.
However, Messari, co-founder and ex-CEO Ryan Selkis, commented on the upcoming documentary and Ripple’s disposition in the crypto space. Following a decision by the CEO of Ripple, Brad Garlinghouse, to turn down participation in the film, Selkis insinuated that this underlined self-serving at the firm.
He went further to say that Ripple’s not engaging in the discussion is part of a more extensive play to avoid the scrutiny of its XRP treasury, which he said would fail any “sufficiently decentralized” tests in policy discussions. He further chided Ripple for being an “ally of convenience” instead of an honest zealot for the crypto space, citing the firm’s political alignments, such as the support for Kamala Harris, as proof of its selfishness.
As such, to Selkis, Ripple’s actions betray an interest in self-preservation rather than the greater good of the crypto space. As already mentioned, Ripple CEO Brad Garlinghouse, a longtime critic of the SEC, isn’t likely to appear in the documentary. According to reports, Garlinghouse pulled out of the project.
Fruition Productions had planned to title the documentary ‘XRP Unleashed’ at first. However, they made a last-minute change just weeks before its release.
The name change was, they explained, for strategic reasons, basing the title on something viewers could relate to, even when they may not know what XRP is. The production team hopes the new name will be more attractive to a larger audience, leading to curiosity from people outside the crypto community.
A November 12 X post from Fruition Productions, the Los Angeles-based studio behind the documentary, announced its premiere screening. The first showing of “Rigged from the Start/XRP Unleashed” took place at 7 and 7:30 p.m. in Scottsdale, Arizona. Further, the production house clarified that all seats had been sold and no tickets were available on-site.
After that, the movie premiered in Houston, Texas and in Atlanta. According to the last announcement, Friday night is reserved for Washington D.C.
Tickets for the documentary went on sale last month, with most premiere tickets selling out quickly across various states. The film is also scheduled to premiere in New York, Boston, and Washington, D.C., in addition to Arizona.
The production house hinted at plans for Florida, sparking further discussions amid the documentary’s growing buzz. Its first tour featured screenings of “Rigged from the Start” in seven cities. The second tour is set for December.
Online streaming and worldwide launch for the same is on November 21 via the Fruition Productions official website.
Meanwhile, a previous CoinGape Media also revealed that the XRP documentary eyes release on major platforms like Apple TV and Amazon ahead. Overall, this endeavor has garnered significant attention to the Ripple-backed token amid a bullish crypto market.
At press time, XRP price rested at $0.78, facing some market turbulence intraday. This gaining action aligns with the broader bullish crypto market trend post-U.S. elections in November. Besides, it’s also noteworthy that 21Shares filed for an XRP ETF earlier in the same month, adding to optimism about the asset.
So far, Ripple’s XRP has had a remarkable year in 2024, with many legal obstacles thrown at it by the US SEC. Not only did the token emerge unscathed, but it also came out a more-than-obvious winner. At the moment, XRP changes hands at $0.79, up 14%, on the back of building speculation that SEC Chair Gary Gensler could resign. Adding to the steam is a suit from 18 US states seeking to curb Gensler and the SEC for overreach and improper targeting of the crypto industry.
This created a market so confident in XRP that it has forced it to new highs. Crypto analysts remain pretty optimistic about the direction of XRP, and the key predictions call for a continuation upward. For instance, analyst Egrag Crypto thinks that XRP can reach $1.5 around mid-December, based on the consistency of the pace in the price and its probable major breakout.
Simultaneously, the latest XRP documentary premiere has further added to the market buzz surrounding the Ripple-backed crypto amid the abovementioned market developments. Also, with speculations of XRP lawsuit dismissal on the rise with Trump’s recent win in the elections, the market currently reflects optimism for the leading cryptocurrency. Overall, the latest documentary release marks a landmark for the digital asset industry, reflecting the community’s heightened issues surrounding regulatory scrutiny in the sector.
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