Topic: SEC charges Ripple and two executives with conducting $1.3 billion unregistered (Read 269 times)
December 27, 2020, 03:19:09 AM
This is really a bad news for XRP and a bad time for their investors and holders especially now that the market is encouraging. But however, this highly begged the question, why would the team do such and don't they have advisers who would have told them the consequences of that endeavour they embarked on, now at this very point, they are putting lack of accountability in the minds of their investors. The truth is, this case is a huge one and if it is not tackled as soon as possible will only be dragging any sort of developement planned out down as well as dragging the price even more down also. The most challenging of the entire thing is that, it concerns the top executives of the platform, hence will likely prolong any type of resolution, so it would be wise for the entire team to look for an urgent solution so as to save their platform and investors.
December 27, 2020, 02:16:55 AM
The sooner xrp disappears the better for crypto.
Trying to be your own central bank never before worked, all private company trying been shut down.
SEC delivered a surprise Christmas present.
Trying to be your own central bank never before worked, all private company trying been shut down.
SEC delivered a surprise Christmas present.
December 27, 2020, 02:08:30 AM
Well, the accusations are very serious and they concern precisely the first leaders of Ripple. At this forum, the situation about the possibility of these leaders to uncontrollably issue and sell large quantities of their digital coins was repeatedly discussed, and this is now being confirmed. The SEC actually approached
December 24 with a complaint to the judicial authorities and a judicial review of these charges is inevitable. Therefore, the price of ripple, which was growing very quickly and rose to $ 0.60, fell sharply to $ 0.26 since December 22 and is now trading at $ 0.30.
December 24 with a complaint to the judicial authorities and a judicial review of these charges is inevitable. Therefore, the price of ripple, which was growing very quickly and rose to $ 0.60, fell sharply to $ 0.26 since December 22 and is now trading at $ 0.30.
December 25, 2020, 04:43:55 PM
Since a while alot of people haven't been comfortable with the ripple but for the sake of trading profit opportunities, they don't let it slip off. This is a pinter to the uncertainty that clothes so many securities token.
December 25, 2020, 03:47:28 PM
Well, it is not yet known for sure whether there will be a trial at all. So far, everything is happening at the level of rumors. Well, whatever happens, if the court will be and the ripple will be able to win, the coin will again multiply the capital and increase the rate, since there were no such pricendents in judicial practice.
December 24, 2020, 04:24:34 AM
This is a massive dump for ripple holders. I think people who are still holding Ripple today will be waiting a very long time for price increases to return. I am grateful not to buy and hold ripple coins because for me ripple doesn't have a decentralized crypto ideology
December 24, 2020, 04:12:18 AM
By the looks of it this is as serious as it gets, because they are dealing with other banks and so forth to stay alive and if they are under investigation and they can't make the deals or their contracts are voided, that means they will bankrupt for sure. What do you think they will do to pay everything? Just take out from their own bank accounts and pay that?
There is no way any cost coming out of their own pockets, obviously they are going to cash out all of their XRP to pay, and they will print more as much as they can to pay more as well. Be ready for XRP going under 10 cents as well, I have always said that these guys were bad people and nobody believed me, I said centralized currency already existed with fiat and nobody cared that XRP was just like fiat. Look what is going on now, I am glad that this happened, I hope XRP price goes under 1 cents.
There is no way any cost coming out of their own pockets, obviously they are going to cash out all of their XRP to pay, and they will print more as much as they can to pay more as well. Be ready for XRP going under 10 cents as well, I have always said that these guys were bad people and nobody believed me, I said centralized currency already existed with fiat and nobody cared that XRP was just like fiat. Look what is going on now, I am glad that this happened, I hope XRP price goes under 1 cents.
December 23, 2020, 10:15:19 PM
https://twitter.com/SEC_News/status/1341477833810522114
Press Release SEC Charges Ripple and Two Executives with Conducting $1.3 Billion
https://www.sec.gov/news/press-release/2020-338
It took them so long but after so many years the biggest scammers in crypto will finally pay their debts.
i have looking for the reason whyXRP suddenly fall like that while bitcoin and Ethereum has no same movement .Press Release SEC Charges Ripple and Two Executives with Conducting $1.3 Billion
https://www.sec.gov/news/press-release/2020-338
It took them so long but after so many years the biggest scammers in crypto will finally pay their debts.
Now i know and same as why market goes with the downtrend ,as the investors keep safe their funds first ,but assumingly this will continue ,may XRP drops to 10 cents?
December 23, 2020, 09:49:23 PM
ripple is destroyed now. there is no second chance to go up. maybe next year we will see the price below 0.2$. This news has a big impact on the price of XRP. I don't see Ripple getting out of this suit, even if Ripple gets punished and pays dendan, the price won't go up again.
December 23, 2020, 11:48:15 AM
I will assume that this is the "first bell". During the investigation, I am sure that many more interesting, but illegal or not entirely legal actions will emerge. In order not to destroy the project - the best way to make a deal with the investigation, reveal all the cards, get the punishment they deserve, and divert problems from the rest of the project. But let's look at the development of the situation
December 23, 2020, 10:41:34 AM
https://twitter.com/SEC_News/status/1341477833810522114
Press Release SEC Charges Ripple and Two Executives with Conducting $1.3 Billion
https://www.sec.gov/news/press-release/2020-338
It took them so long but after so many years the biggest scammers in crypto will finally pay their debts.
Press Release SEC Charges Ripple and Two Executives with Conducting $1.3 Billion
https://www.sec.gov/news/press-release/2020-338
It took them so long but after so many years the biggest scammers in crypto will finally pay their debts.
Interesting... I don't like Ripple but I hope that this will not drag down the other coins too.
IMO they deserve the charges. Ripple is not real crypto anyway. It's close to 40 cents now and we could see it under 20c!
This is how Crypto exchanges rated some crypto projects a year ago. In a scale of 1-5 if they are securities or not.
https://twitter.com/TheBlock__/status/1178622287538524165
Maker and Polymath are even higher on list than Ripple. Bitcoin, Monero and Litecoin are of course nothing like a security.
December 23, 2020, 07:52:56 AM
Same thing will probably happen to Tether too so be careful.
A sad day for the R.i.p.ple holders. On its way to zero.
Ripple will manage, not so sure about XRP and Eth2 in simular position, Ethereum will exist but with price correction.A sad day for the R.i.p.ple holders. On its way to zero.
Tether dont matter is not for investment anyway.
Tether is all that matters for crypto right now. 90% of the trading volume comes from the USDT/*** pairs. Almost nobody is trading their the real dollars for crypto and we don't know how much of those USDT is backed by the real thing.
Tether's collapse would be the next Gox of Crypto.
December 23, 2020, 07:12:30 AM
Same thing will probably happen to Tether too so be careful.
A sad day for the R.i.p.ple holders. On its way to zero.
Ripple will manage, not so sure about XRP and Eth2 in simular position, Ethereum will exist but with price correction.A sad day for the R.i.p.ple holders. On its way to zero.
Tether dont matter is not for investment anyway.
December 23, 2020, 07:00:17 AM
https://twitter.com/SEC_News/status/1341477833810522114
Press Release SEC Charges Ripple and Two Executives with Conducting $1.3 Billion
https://www.sec.gov/news/press-release/2020-338
It took them so long but after so many years the biggest scammers in crypto will finally pay their debts.
Press Release SEC Charges Ripple and Two Executives with Conducting $1.3 Billion
https://www.sec.gov/news/press-release/2020-338
It took them so long but after so many years the biggest scammers in crypto will finally pay their debts.
Oh my God! that was close, thankfully I sold all of my ripples when the price was surging a few weeks ago. That was not a little amount though, that was so close. I mean, I was doubting that the price will still get high after it reaches double the price I invested. with this news, I'm sure those people who currently holding it are starting to panic now. Man, this news is huge it could turn around the price at any moment.
December 23, 2020, 06:06:41 AM
After SEC lawsuit some exchanges delisted XRP. Maybe they don't want to have trouble or they are running viral Ads. But we see a big FUD on XRP. We will see what is going to happen.
Many projects did the same. If there will be a bad news after lawsuit about XRP, we can expect in all other altcoins also. We should be careful guys.
Many projects did the same. If there will be a bad news after lawsuit about XRP, we can expect in all other altcoins also. We should be careful guys.
December 23, 2020, 05:47:55 AM
Same thing will probably happen to Tether too so be careful.
A sad day for the R.i.p.ple holders. On its way to zero.
A sad day for the R.i.p.ple holders. On its way to zero.
December 23, 2020, 05:15:50 AM
So whats gonna happen then? will XRP flop or they still have a chance to sort it out? At this point I don't think making fortune from XRP dump and expecting it to go back up is viable considering it could just vanish anytime right now.
The fact that the people behind XRP keeps dumping it to the market like there's no tomorrow is already a huge red flag but people keeps bagholding this anyway and this thing right here gonna cause so much people losing money.
The fact that the people behind XRP keeps dumping it to the market like there's no tomorrow is already a huge red flag but people keeps bagholding this anyway and this thing right here gonna cause so much people losing money.
December 22, 2020, 10:42:14 PM
Ripple is the worst coin, and it's a fact everyone knows about it. I hope this lawsuit wins by the SEC, this will be a lesson for Ripple not to be too greedy. and this news will stop the positive trend of ripple. I have a little sympathy for those who just bought yesterday. this will be a loss at the end of the year.
December 22, 2020, 10:22:46 PM
dumps time ....
sell immediately or you'll be holding XRP for a long time. this news will stop Ripple's attempts to climb higher. so holding will only make you lose. Better sell, look at current prices, I think the dump has started.
sell immediately or you'll be holding XRP for a long time. this news will stop Ripple's attempts to climb higher. so holding will only make you lose. Better sell, look at current prices, I think the dump has started.
December 22, 2020, 10:19:14 PM
Interesting... I don't like Ripple but I hope that this will not drag down the other coins too.
IMO they deserve the charges. Ripple is not real crypto anyway. It's close to 40 cents now and we could see it under 20c!
I think its inevitable event to occur that Sec will pursue them since there are no clarity with their platform and coin usage. Literally they can make a platform without their tokens. So I assumed their gonna be heavy questioned about it.
That's what I don't like about news like this - that this could drag down other (legit) cryptos down.
But I just shorted Ripped at Bitmex on the March 26th Contract with 2x leverage. At least I will make some money if it goes down!
December 22, 2020, 10:12:59 PM
The top comments on those twitter posts are already people whining about "Ohh but you let us buy it for years without saying". Well, the saner voices had always been telling you that its a scam. There was zero distribution of this copycat coin. They simply gave all of the pre-mine to themselves and let the price be piggybacked by retail investors.
Also, note that the SEC is calling it an "ongoing digital assets securities offering". Ongoing because all that Garlinghouse and his buddies do is sell those XRP slowly into the market (55 billion of which they still have). They use these funds to attract banks as partners showcasing their "technology". Their "technology" is essentially just a few servers running a private blockchain.
XRP is just the biggest of these pre-mined abominations that have flooded the space post ICO boom-bust. XRP is particularly irresponsible because they have carried the facade of doing important work for so many years while doing little else than going to party dinners and playing with the money they gave themselves.
Also, note that the SEC is calling it an "ongoing digital assets securities offering". Ongoing because all that Garlinghouse and his buddies do is sell those XRP slowly into the market (55 billion of which they still have). They use these funds to attract banks as partners showcasing their "technology". Their "technology" is essentially just a few servers running a private blockchain.
XRP is just the biggest of these pre-mined abominations that have flooded the space post ICO boom-bust. XRP is particularly irresponsible because they have carried the facade of doing important work for so many years while doing little else than going to party dinners and playing with the money they gave themselves.
December 22, 2020, 10:03:38 PM
Another Bad Image that probably would affect the Whole Crypto Community and Cryptocurrency Image.
This past years, a lot of scheme to scam uses crypto as its front. and this could really hurt the image of crypto.
i hope it doesnt
This past years, a lot of scheme to scam uses crypto as its front. and this could really hurt the image of crypto.
i hope it doesnt
December 22, 2020, 10:03:29 PM
Interesting... I don't like Ripple but I hope that this will not drag down the other coins too.
IMO they deserve the charges. Ripple is not real crypto anyway. It's close to 40 cents now and we could see it under 20c!
I think its inevitable event to occur that Sec will pursue them since there are no clarity with their platform and coin usage. Literally they can make a platform without their tokens. So I assumed their gonna be heavy questioned about it.
December 22, 2020, 09:54:54 PM
https://twitter.com/SEC_News/status/1341477833810522114
Press Release SEC Charges Ripple and Two Executives with Conducting $1.3 Billion
https://www.sec.gov/news/press-release/2020-338
It took them so long but after so many years the biggest scammers in crypto will finally pay their debts.
Press Release SEC Charges Ripple and Two Executives with Conducting $1.3 Billion
https://www.sec.gov/news/press-release/2020-338
It took them so long but after so many years the biggest scammers in crypto will finally pay their debts.
Interesting... I don't like Ripple but I hope that this will not drag down the other coins too.
IMO they deserve the charges. Ripple is not real crypto anyway. It's close to 40 cents now and we could see it under 20c!
December 22, 2020, 06:59:32 PM
https://twitter.com/SEC_News/status/1341477833810522114
Press Release SEC Charges Ripple and Two Executives with Conducting $1.3 Billion
https://www.sec.gov/news/press-release/2020-338
It took them so long but after so many years the biggest scammers in crypto will finally pay their debts.
Press Release SEC Charges Ripple and Two Executives with Conducting $1.3 Billion
https://www.sec.gov/news/press-release/2020-338
It took them so long but after so many years the biggest scammers in crypto will finally pay their debts.
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