Topic: Let's help SEC to penalize Ripple with a profit for all of us (Read 136 times)
Lol, we don't have total control over it, the case has been in the table already. All we can do right now is wait it out and see how it goes. For others, continue to pump and dump Ripple and get profits, that's why. Our actions can't influence SEC or vice-versa. The rule of law must be followed here. The very positive outcome here is that Ripple wins the case against SEC and it will be the first in crypto sphere. But I would say it is a big task ahead.
SEC are just doing their job finally so let’s see what will be the result of this case and seriously, we can’t help them on this one because they are already in the court and that’s the best place for XRP to depend their project. If proven guilty, then for sure they have to pay for the penalties and this might totally ruin their reputation. We have to see that SEC are pro investors here, and the truth will always prevail in time.
It seems to me that the credibility of Ripple began to fade even before all these litigations with the SEC: when the company started selling its coins in huge quantities. But despite all the problems, to my surprise, XRP continues to stay afloat. There are still people who hope to benefit from Ripple, but to be honest, I have doubts about this. Now there are a lot of rumors around XRP and the price jumps even more from this.
Although I would not be at all surprised if Ripple can win the trial and even rise in value.
Although I would not be at all surprised if Ripple can win the trial and even rise in value.
Look at what happened with Tether, they paid 18+ million dollars in settlement for them to be free again, and to be used in New York, otherwise they wouldn't be able to operate within New York, and that is why I think we are going to see something like that for Ripple in all over USA as well, which is why I think we should probably handle all the problems we are facing right now so that we can handle all the problems we will face can be handled easier, if we collect problems on top of each other it will be harder to handle.
Ripple did something, they created their own coin and they allowed people to buy it and made a profit from all the works in XRP by using the chain as well and had contracts with banks and so forth to handle all the money movement as well. So long story short there isn't really something they can get away with scott free, they will be charged but how much will decide if XRP will go up or down.
Ripple did something, they created their own coin and they allowed people to buy it and made a profit from all the works in XRP by using the chain as well and had contracts with banks and so forth to handle all the money movement as well. So long story short there isn't really something they can get away with scott free, they will be charged but how much will decide if XRP will go up or down.
In fact XRP hodlers dont need a positive settlement regarding securities violations case like withdrawing the claim.
There is an other outcome that would be much more beneficial not only for us but for SEC as well:
The purpose of SEC is to protect investors so it should act according to its purpose - it just need to prohibit Ripple from any further XRP sells and also ideally apply something similar for Jed McCaleb holdings.
There is an other outcome that would be much more beneficial not only for us but for SEC as well:
The purpose of SEC is to protect investors so it should act according to its purpose - it just need to prohibit Ripple from any further XRP sells and also ideally apply something similar for Jed McCaleb holdings.
Which is the whole point of the past lawsuits whose purpose it was solely to limit Ripple owners from dumping their XRP. IIRC they were successful only in putting restrictions on how much and how often, but I'm sure SEC already knows all these details.
The limits have to be more strict, and have to foresee what other nonsense the owners can try in future and prevent it first.
The purpose of SEC is to protect investors so it should act according to its purpose - it just need to prohibit Ripple from any further XRP sells and also ideally apply something similar for Jed McCaleb holdings.
The developers of Ripple are still innocent until proven guilty, those exchanges that delisted Ripple, have done it on their own, and because of their perception, let SEC first prove that Ripple is guilty, then we can call establishments and exchanges that still trade Ripple to stop trading Ripple, there are still people who believe on Ripple, and the battle now is on the court.
There is of course logic in your words, but I think that the SEC will decide to liquidate XRP, because the owners will move to another country and continue to shave the hamsters with their coin scam. I have already burned myself so many times on this project that I no longer believe in them and will no longer go there.
Good and bad will always coexist, it's more like yin and yang theory too, not everyone will be rich that's a bitter truth, some will lose and some will gain, crypto projects high risky investment and it's certain that not all investors will benefit from the project, some will make good gains and some will lose, there is nothing that can change this
There is no protection ~XD is trading and investment there has some risk you need to take. In trading, there has someone who profits but also on the other side there has someone who loses. You cannot hope or make everyone all profit on investment or trading, just like i said before if you profit right now on other side there a people who losing that part of the cycle.
The law of conservation of energy is applicable to almost any industry. If at one moment in time something has arrived somewhere, then, accordingly, at that moment in time someone has lost something. It was, and it always will be.
There is no protection ~XD is trading and investment there has some risk you need to take. In trading, there has someone who profits but also on the other side there has someone who loses. You cannot hope or make everyone all profit on investment or trading, just like i said before if you profit right now on other side there a people who losing that part of the cycle.
In fact XRP hodlers dont need a positive settlement regarding securities violations case like withdrawing the claim.
There is an other outcome that would be much more beneficial not only for us but for SEC as well:
The purpose of SEC is to protect investors so it should act according to its purpose - it just need to prohibit Ripple from any further XRP sells and also ideally apply something similar for Jed McCaleb holdings.
In this case, the company does bear some responsibility(SEC is satisfied) but it would not ruin its business and would be extremely positive for all XRP holders as emission is over and no selling pressure on XRP price anymore.
we must somehow let SEC know about this ))
There is an other outcome that would be much more beneficial not only for us but for SEC as well:
The purpose of SEC is to protect investors so it should act according to its purpose - it just need to prohibit Ripple from any further XRP sells and also ideally apply something similar for Jed McCaleb holdings.
In this case, the company does bear some responsibility(SEC is satisfied) but it would not ruin its business and would be extremely positive for all XRP holders as emission is over and no selling pressure on XRP price anymore.
we must somehow let SEC know about this ))
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