Topic: Ripple and two other executives are in trouble with SEC (Read 262 times)
well this could be the end of the XRP journey because so far there have been several altcoins that have been monitored by the Securities and Echange Commission like that so it is better to be careful if holding altcoins because it could have this potential, bitcoin is still safer because The SEC cannot do something like this.
Huobi is now the forth exchange delisting Ripples illegal securites offering (xrp) to avoid legal troubles.
All other centralized projects must be prepared too, 2021 is going to be full of SEC interference, also centralized exchanges will have no stop non verified users from using their platforms, Im guessing that DeFi will have a stronger community soon, once centralized projects start facing regulations many will move
This action of SEC on Ripple is sure has a huge impact on its market. Actually, I was surprised when I saw the price of XRP plummet and seems this case by SEC is the reason why many had liquidated their holdings. It will be a no surprise if XRP market suffers a huge damage if this case continues. I hope they will resolve this as soon as possible or else it will be harder for the market to recover.
Bitwise 10 Crypto Index Fund (OTCQX: BITW) Has Liquidated Its Position in XRP and many exchanges suspending XRP trade creating more panic in XRP and overall market.
The Bitwise 10 Crypto Index Fund does not invest in assets that are reasonably likely to be deemed securities under federal or state securities laws.
This is the well known problem with any asset that is centralised. Guys, do yourselves a favour & invest in decentralised coins, it’s the only way to avoid this kind of nonsense.
RIP heavy XRP bag holders.
One of the benefits with regulated companies is that they are all the time under-light by authorities. However, from the same perspective, is is possible to Ethereum company to help running scam projects and ponzi shemes!? RIP heavy XRP bag holders.
If Ripple gets trouble with SEC, the Ethereum will and would be contacted with troubles and accusations from SEC. Ethereum is farther than Ripple as a blockchain for scam projects but they are fine: ICOs, IEOs, DeFi. Many scam projects on ERC20 chain and Ethereum is not shut down by SEC.
Don't forget FUDs on private coins as Monero. They are still here and are not shut down.
Ripple will be fine after the FUD goes away after it finishes its work to dump XRP. The XRP is crashed in one day and it touches the double bottom support. I wait for the bounce back tomorrow from XRP.
.Don't forget FUDs on private coins as Monero. They are still here and are not shut down.
Ripple will be fine after the FUD goes away after it finishes its work to dump XRP. The XRP is crashed in one day and it touches the double bottom support. I wait for the bounce back tomorrow from XRP.
I just hope that will happen , I just bought some ripple in 0.4 range I am not expecting it will be bloody again for another day since it's already in red last day. Ripple will survive if they can fix the issue of SEC or else migrate to other country with low regulations in crypto currency . I even hear that coinbase already delisted XRP and 4 more exchange do that .the same thing happen in monero before.
If Ripple gets trouble with SEC, the Ethereum will and would be contacted with troubles and accusations from SEC. Ethereum is farther than Ripple as a blockchain for scam projects but they are fine: ICOs, IEOs, DeFi. Many scam projects on ERC20 chain and Ethereum is not shut down by SEC.
Don't forget FUDs on private coins as Monero. They are still here and are not shut down.
Ripple will be fine after the FUD goes away after it finishes its work to dump XRP. The XRP is crashed in one day and it touches the double bottom support. I wait for the bounce back tomorrow from XRP.
.Don't forget FUDs on private coins as Monero. They are still here and are not shut down.
Ripple will be fine after the FUD goes away after it finishes its work to dump XRP. The XRP is crashed in one day and it touches the double bottom support. I wait for the bounce back tomorrow from XRP.
I just hope that will happen , I just bought some ripple in 0.4 range I am not expecting it will be bloody again for another day since it's already in red last day. Ripple will survive if they can fix the issue of SEC or else migrate to other country with low regulations in crypto currency . I even hear that coinbase already delisted XRP and 4 more exchange do that .the same thing happen in monero before.
This is the well known problem with any asset that is centralised. Guys, do yourselves a favour & invest in decentralised coins, it’s the only way to avoid this kind of nonsense.
RIP heavy XRP bag holders.
RIP heavy XRP bag holders.
If Ripple gets trouble with SEC, the Ethereum will and would be contacted with troubles and accusations from SEC. Ethereum is farther than Ripple as a blockchain for scam projects but they are fine: ICOs, IEOs, DeFi. Many scam projects on ERC20 chain and Ethereum is not shut down by SEC.
Don't forget FUDs on private coins as Monero. They are still here and are not shut down.
Ripple will be fine after the FUD goes away after it finishes its work to dump XRP. The XRP is crashed in one day and it touches the double bottom support. I wait for the bounce back tomorrow from XRP.
Don't forget FUDs on private coins as Monero. They are still here and are not shut down.
Ripple will be fine after the FUD goes away after it finishes its work to dump XRP. The XRP is crashed in one day and it touches the double bottom support. I wait for the bounce back tomorrow from XRP.
Ripple has a centralized management. They can argue with government agencies and this is very normal. I think Ripple and SEC should find a common way or Ripple will be harmful 
There are simple rules - there is a law, there is responsibility. If you decide to break the law, do not count on the fact that everything will be fine with you. Moreover, you perfectly understand that by breaking the law, you become a criminal, and sooner or later, your crime will be solved, and you will be punished. What do these people count on - that they are an exception and that Themis will overlook them?
XRP have faced similar issues and problems from the past years.
XRP cant face issues it is Ripples scam tool.
Ripple has been found guilty in the past, which now makes them repeat offender, makes things even worse.
https://www.financemagnates.com/cryptocurrency/news/ripple-fined-700k-by-fincen-for-msb-aml-violations/
Any and every centralized company issuing money has been shut down in the past, why would it be any differant this time?
Most likely outcome:
Ripple = ordinary software company
XRP = shut down same as Liberty Reserve (which was much bigger 1 million active users and 5 million accounts)
I think the accusations against Ripple are based on an unsupported leap of logic. Ripple claims that the main plaintiff has not been able to explain why the alleged statement made by the CEO of Ripple Garlinghouse is wrong. This is a misrepresentation, the plaintiff argued, came at a time when he said he had been using digital currency for a long time.
Many experts also say that it is good for XRP in the future as it will be tradable in traditional stock markets in future. But things are not looking good fundamentally and we might see some more panic and this is also dragging other alts too into the red zone.
^ My opinion is, Ripple has good sets of lawyers that assist them with their decision.
But probably this really triggers them to move to a different location where Cryptocurrencies are accepted or not yet regulated to avoid these happening again. Probably, they would win the case here and Ripple will never do such things that would destroy them at their company’s expense. Nevertheless, I thought that this Ripple was already regulated by the government and the SEC will have nothing to do.
But probably this really triggers them to move to a different location where Cryptocurrencies are accepted or not yet regulated to avoid these happening again. Probably, they would win the case here and Ripple will never do such things that would destroy them at their company’s expense. Nevertheless, I thought that this Ripple was already regulated by the government and the SEC will have nothing to do.
XRP have faced similar issues and problems from the past years. Looks like their team is doing well on handling the situation. But the thing here is that, you cannot control the emotion of the holders, since its a big issue to deal, the holders will have a response of selling their XRP. I too will do if in that scenario. I actually have amount in XRP during 0.65 mark, and I just decided to convert since I just bought it with a price of 0.24$. I still believe that XRP has a big potential, it just that thete are really big issues along the way of their development.
Crypto survives witout xrp no loss there and Ripple always had escape hatch open, contingency plan in place and become just a software company if things so south. To pay for the expensive legal fees more xrp as usual would need to be dumped, lawyers are not cheap.
Eth2 next same boat, Ethereum unaffected.
Eth2 next same boat, Ethereum unaffected.
I saw these news by myself yesterday and now I don't even know what will happen with Ripple, and the price of Ripple has already dropped by 30% and continues to fall, so I don't think that now we need to invest in Ripple, maybe the SEC will destroy Ripple altogether, but I hope that everything will be solved well and Ripple will again reach new heights.
Sec just issued them but if sec lose to the team in court it will mke xrp stronger. To be honest i am not fans of xrp since i know that xrp is centralised and what the different to fiat if it is syill centralised coin.btc made by satoshi to make anything decentralised.
This is an issue that is likely to make Ripple experience a price decline, so for Ripple it must immediately clarify so that it does not affect the price value, because if it continues to be left alone this will be a bad moment.
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