Michael Arrington, TechCrunch founder, suggested that the SEC might be uncomfortable with Ripple making XRP trading universally accessible.   He laid bare the SEC’s erratic approach, pointing out its argument that the entire XRP ecosystem, encompassing all XRP holders worldwide, every exchange listing XRP, and every business accepting XRP as payment, constituted the common enterprise.  However, after a strong pushback from the XRP community, the SEC again shifted its stance, claiming that XRP itself represented the common enterprise