Ripple and two other executives are in trouble with SEC - page 2.

torrantz

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If that is true I think xrp will be dumped because of panic and fear of closure from xrp holders but another view is that it can be a good buying opportunity, some also say that it could be an intentional fud to reduce the price for the purpose of speculation and for the benefit of the whales.

There's another possibility for people will be leaving this coin and it could make this security coin become dead project. that could be considered as a big problem for ripple. This is a quick rick scheme that created by people behind ripple. Billion dollars already raised and it's still become a crap security coin. Do you think a project that already faced a legal action will always be a big bet? lol

DoublerHunter

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^ 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.

tabas

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After this news, a lot of thread came out asking for the reason of why XRP's price is going down. Just like this one - Any ideas on why XRPs price is fluctuating?
Having that said, it surely is affecting the price of this coin. While most of the cryptos have recovered from the bloody day that we had yet XRP remained to be at its current price at $0.4 and still going down.

Jating

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I would say that this is bad news for Ripple, and this is maybe the reason why they have plans to moved out of US, which has been on the news in the last two months if I'm not mistaken because maybe they feel that US is clamping down on Ripple.

But I guess they will be just be ask to pay some damages if found guilty by SEC. But the people behind Ripple insists that they can't be define as securities, so let's see how this court battle will go and who will win (but I doubt Ripple can get away with it).

Accardo

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Today, the Security and Exchange Commison (SEC) stated on their official website that they filled and action against Tipple lab INC. And two other executives, for raising over $1.3 billion through an unregistered ongoing digital asset securities offering.

Read about the full details here https://www.sec.gov/news/press-release/2020-338

Ripple holders don't figet but let us share thoughts on what is the hope of XRP to survive this charges staged upon them. Cheers

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