SEC Knocking on a projects door means the end?

Taskford

hero member

Activity: 2520

Merit: 783

Quote from: JeotQ on December 31, 2020, 01:26:00 PM

XRP should be able to settle SEC with everything they got, this project have been around for years now, no matter what the loss may be XRP will recover, I believe there are strong XRP believers out there too, if truly XRP is a capable project it's now that we will get the answer

For sure they will do that but can they pass this trial which hurt them so much? Many exchange are now planning to delist them and if there's no good action came from their executives then provably we will see xrp slowly falling down. But I still hope xrp can pass this issues since I like to use this coin for transaction since it's fast and cheap.

JeotQ

member

Activity: 406

Merit: 14

XRP should be able to settle SEC with everything they got, this project have been around for years now, no matter what the loss may be XRP will recover, I believe there are strong XRP believers out there too, if truly XRP is a capable project it's now that we will get the answer

Taskford

hero member

Activity: 2520

Merit: 783

Quote from: Akiko on December 31, 2020, 10:47:16 AM

Quote from: Novatech8 on December 31, 2020, 10:40:03 AM

There will be some huge fine to pay, if XRP have no enough funds it will surely affect the project, there are few projects that find it very hard to stand up on their fit after paying SEC, Im just hoping the same won't happen to XRP after everything is over, XRP need to get the hell out of US ASAP.

This is actually I want to answer they can pay for fine if they don't want to be affected that much it's better than being delisted in any US base exchange . There are already project that already sued by SEC and they also pay fine and that's how they solve the problem i forget that project name.

But XRP need to pay it huge unlike the other project that I hear from before .

Well that will be totally ok if they will just settle it with fines since I believe xrp could pay that but what if not? Maybe this could end for xrp right? But I believe xrp could surpass this since they are not a small coin and for sure in future in could bounce back again but now let's see the updates on how there too management will solve this case.

Akiko

full member

Activity: 896

Merit: 198

Quote from: Novatech8 on December 31, 2020, 10:40:03 AM

There will be some huge fine to pay, if XRP have no enough funds it will surely affect the project, there are few projects that find it very hard to stand up on their fit after paying SEC, Im just hoping the same won't happen to XRP after everything is over, XRP need to get the hell out of US ASAP.

This is actually I want to answer they can pay for fine if they don't want to be affected that much it's better than being delisted in any US base exchange . There are already project that already sued by SEC and they also pay fine and that's how they solve the problem i forget that project name.

But XRP need to pay it huge unlike the other project that I hear from before .

Novatech8

member

Activity: 700

Merit: 27

Sovryn - Brings DeFi to Bitcoin

There will be some huge fine to pay, if XRP have no enough funds it will surely affect the project, there are few projects that find it very hard to stand up on their fit after paying SEC, Im just hoping the same won't happen to XRP after everything is over, XRP need to get the hell out of US ASAP.

Yogee

sr. member

Activity: 1526

Merit: 412

Quote from: akirasendo17 on December 31, 2020, 02:43:01 AM

Is there any kind of politics on those issues? I mean some say that the sec head is against crypto while, the new head is pro-crypto, which means the tides might turn around in 2021,

Politics? If the SEC head is against crypto then they would have sued every cryptocurrencies traded on US based exchanges. They are only after what they consider as illegal sales of tokens and coins to US investors and traders. It doesn't matter who will be the next head of the agency. The laws on wouldn't change and cases will go on.

Quote

but for sure those projects will make it through the SEC if they make things right and prove that they are innocent on what the sec is being thrown at them.

It's free to dream.

akirasendo17

sr. member

Activity: 1106

Merit: 310

Is there any kind of politics on those issues? I mean some say that the sec head is against crypto while, the new head is pro-crypto, which means the tides might turn around in 2021, but for sure those projects will make it through the SEC if they make things right and prove that they are innocent on what the sec is being thrown at them.

Jawhead999

legendary

Activity: 1638

Merit: 1156

Quote from: Maxstl007 on December 31, 2020, 02:15:44 AM

Quote from: Baofeng on December 30, 2020, 07:20:18 PM

We can't compare KIK/KIN project to XRP, XRP is already established project while KIK/KIN was a ICO who raises millions during the hype. It might take some time for XRP to recover from here

you said we can't compare KIN, are you saying KIN is more stronger in money wise or what? I don't believe that, XRP should be able to handle this

Read it carefully @Baofeng is supporting XRP more than KIN because it's just a hype.

Quote from: Maxstl007 on December 31, 2020, 02:19:17 AM

I don't think SEC impact will take a huge ton on XRP performance, I'm sure XRP can get out of this war soon

If SEC aren't have tons impact on XRP, why many exchanges already suspended and delisted XRP on their exchanges? It will make the price go lower and more lower become dead coin.
And if XRP able to survive after this lawsuit, it will be worthless and hard to reach top 5 cryptocurrencies again (to be honest XRP aren't worth to take that place)

stompix

legendary

Activity: 2828

Merit: 6108

Blackjack.fun

Quote from: Baofeng on December 30, 2020, 07:20:18 PM

It might take some time for XRP to recover from here, and for sure they will have to pay hefty fines and then probably move out of the US, (that's what they've said prior to the looming case by SEC). So they can survived and will still remain in crypto space

Hahaha, and then what?
What will happen to their partnerships with all the companies they claim they have been working with?

Do you think Bank of America or American Express will still deal with them? The moment they flee the US after the SEC charges all this becomes a dream of the past. Yeah, fleeing the US is easy, getting partners afterward will be a near-impossible task, who do you think is stupid enough to enter the lion's den when there are thousands of alternatives there. For an exchange it's simple, they just lose US customers, for a business is losing as a partner every company that has even a remote connection with the US banking sector.

Quote from: Maxstl007 on December 31, 2020, 02:19:17 AM

I don't think SEC impact will take a huge ton on XRP performance, I'm sure XRP can get out of this war soon

What performance? That of even riding the BTC wave to still be at 25% of their ATH while BTC rose nearly 50% above it?
Performance in what? Printing money?

Maxstl007

member

Activity: 210

Merit: 13

Quote from: Cryptomint9 on December 30, 2020, 09:04:49 PM

Quote from: Zotak337 on December 30, 2020, 02:23:21 AM

Whenever SEC goes after a crypto project will the project die? I'm seeing what's currently happening to XRP due to lawsuit and I want to know if all the projects that the SEC hunted for in the past died? If yes can you mention one or two projects? Thank you

One more bad news about XRP.

Of cos it's binance US, they have no choice but to delist, my binance account isn't US XRP is still available for trading, the lowest I've seen XRP go is 0.19$ and presently it's trading above 0.21$, I don't think SEC impact will take a huge ton on XRP performance, I'm sure XRP can get out of this war soon

Maxstl007

member

Activity: 210

Merit: 13

Quote from: Baofeng on December 30, 2020, 07:20:18 PM

We can't compare KIK/KIN project to XRP, XRP is already established project while KIK/KIN was a ICO who raises millions during the hype. It might take some time for XRP to recover from here, and for sure they will have to pay hefty fines and then probably move out of the US, (that's what they've said prior to the looming case by SEC). So they can survived and will still remain in crypto space

Probably move out? I will be disappointed if XRP team don't move out after this is over honestly, it's stupidity if they still decide to remain in the US, you said we can't compare KIN, are you saying KIN is more stronger in money wise or what? I don't believe that, XRP should be able to handle this

Yogee

sr. member

Activity: 1526

Merit: 412

Quote from: Baofeng on December 30, 2020, 07:20:18 PM

We can't compare KIK/KIN project to XRP, XRP is already established project while KIK/KIN was a ICO who raises millions during the hype. It might take some time for XRP to recover from here, and for sure they will have to pay hefty fines and then probably move out of the US, (that's what they've said prior to the looming case by SEC). So they can survived and will still remain in crypto space

Isn't it because the SEC wasn't that keen on cryptocurrencies before the boom of ICOs that's why XRP became an established project? They wouldn't be as established if Ripple Labs launched XRP around 2017 and not in 2012. They're probably dead like KIK or KIN.

Cryptomint9

member

Activity: 76

Merit: 23

Quote from: Zotak337 on December 30, 2020, 02:23:21 AM

Whenever SEC goes after a crypto project will the project die? I'm seeing what's currently happening to XRP due to lawsuit and I want to know if all the projects that the SEC hunted for in the past died? If yes can you mention one or two projects? Thank you

One more bad news about XRP.

Baofeng

legendary

Activity: 2576

Merit: 1655

We can't compare KIK/KIN project to XRP, XRP is already established project while KIK/KIN was a ICO who raises millions during the hype. It might take some time for XRP to recover from here, and for sure they will have to pay hefty fines and then probably move out of the US, (that's what they've said prior to the looming case by SEC). So they can survived and will still remain in crypto space

Brindez_kromo

member

Activity: 490

Merit: 10

Not all of the projects the SEC attacked are dead,, but they will pass some legal steps for their projects and it would be great to go well especially for investors well as XRP coin holders themselves.
maybe if they make it through the SEC lawsuit this will greatly affect the investors and I am sure it will be very powerful

stompix

legendary

Activity: 2828

Merit: 6108

Blackjack.fun

Quote from: Zotak337 on December 30, 2020, 08:00:09 AM

Thanks for the replies, I've read all comments but can't see many crypto project going out of business because of SEC, so why all the buzz about XRP going to die?

What about Telegram being stopped in its tracks after raising 1.7 billions ?
Tierion, ordered to pay fines, disable their token trading?
Kin, already the company is in trouble, the $5m fine on top of it is the last kick they needed to go bankrupt.
Shipchain? -99% ROI since the ICO?
Bitclave? Dead after 25m$ fine?

There are hundreds who didn't even make it to though the ICO and decided to disband like Protostarr whom I've mentioned earlier.

Yogee

sr. member

Activity: 1526

Merit: 412

Take a look at what happened to Gram. They were able to generate a lot of money from their sale to US investors and I read they were ordered to refund $1.2 billion and pay a fine worth $18 million when SEC stepped in. That was the proposal but I'm not sure if a settlement has been made.

Quote from: cabron on December 30, 2020, 06:25:27 AM

.....
If its just money, Ripple sure has lots of money. They can certainly make some arrangment for XRP to survive this season. The team will still have more chance to profit still after this.

How do you know that they have a lot of money? Have you seen their audited books? If I am to speculate, I think they've lost a lot of money from their partnerships with different institutions. They probably spent money before deals were made or signed.

Husires

legendary

Activity: 1582

Merit: 1284

If your crypto project die becaus SEC control or any system in a country, it does not deserve to have cryptocurrency name, and therefore its value will not increase in the future. it is better for it to die now and it is not considered a decentralized currency.

The market cap of Ripple is high so it will not die with this liquidity. It's a good chance to make some quick profit.

Gorosden

member

Activity: 518

Merit: 30

$CYBERCASH METAVERSE

If this is all about XRP do not worry, once everything cool off in coming months XRP will recover again, XRP isn't a small or a new project so SEC won't have a negative impact too much and if altcoins season did start in coming weeks XRP will still be among the most profitable altcoins still.

mk4

legendary

Activity: 2716

Merit: 3817

Paldo.io 🤖

Quote from: Zotak337 on December 30, 2020, 08:00:09 AM

Thanks for the replies, I've read all comments but can't see many crypto project going out of business because of SEC, so why all the buzz about XRP going to die? Why all the 'finally it's over for XRP' ?

Not sure if I'd agree that XRP is actually going to die(because I don't know crap about these lawsuits), but I've read a few times on Twitter from people that are definitely a lot starter than I am that Ripple's case is far more dire than Kik's. They sure are getting a taste of their own medicine, and I sure hope the project dies completely.

Quote from: Zotak337 on December 30, 2020, 08:00:09 AM

Some even show hatred for this project,

Do quick research on Ripple and XRP, and I could almost guarantee you'd hate them too.

Quote from: Zotak337 on December 30, 2020, 08:00:09 AM

Jating said kik survived SEC battle, why won't XRP do same thing?

Kik survived, but did their KIN project? Yes technically it seems to be still being worked on, but it was already a huge hit to their reputation.

Topic: SEC Knocking on a projects door means the end? (Read 546 times)