SEC Knocking on a projects door means the end? - page 2.

Taskford

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Quote from: Zotak337 on December 30, 2020, 01:23:21 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

I think nope since if the project have strong legal defense towards there project then sec cannot do anything with it, although for sure there will be a dumping scenario happen but for sure once this fuds subsides and people forget about it the crypto projects will became alive again especially with XRP. That coin is not an small one and I believe in future it will bounce back again after it was targeted with fuds these days.

Zotak337

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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' ? Some even show hatred for this project, Jating said kik survived SEC battle, why won't XRP do same thing?

Jating

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I still remember this case, Kik Interactive Inc. - SEC.gov. And as far as I can remember, KIN price tank and it literally went to 0. But in the end, they have to settled in millions with SEC, yes they are still trading as of now though. But as compare to Ripple they haven't been delisted on any exchanges.

Kik’s Token Survives SEC Battle, No Barrier to Exchange Listings, Says Kin Foundation.

desmodiAN

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It means clearify rules about what is allowed under which circumstances.

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Quote from: Zotak337 on December 30, 2020, 01:23:21 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

It's the beginning to there legal path. I believe projects that being notified by SEC are those who are not following SEC guidelines. SEC is not stupid for filing random lawsuit to a project. It just means that the project needs to improve there legality compliance and dealing with it is the right way to do. You should avoid those project that running away to SEC.

OcTradism

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Quote from: Zotak337 on December 30, 2020, 01:23:21 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

Not completely die if a project is under SEC's lawsuit is an active project and their team won't abandon project shortly after that.

However, the USA is a big nation in crypto market as well as in global economy and financial market. That means any terrible decisions from SEC on one project can create FUD and that project will lose interests from community very quickly. Capital will be withdrawn from that project and price will have free fall time. As being said, free fall does not mean a penalty death, it is temporary and the project can rally after that. There are other nations on the planet still accept that project and trades will keep going.

It is only matter of massive interests and accepted price on market will fall down a lot.

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Quote from: stompix on December 30, 2020, 03:27:35 AM

Quote from: Zotak337 on December 30, 2020, 01:23:21 AM

Whenever SEC goes after a crypto project will the project die?

Define "project"!
Is the project just a centralized coin run by a company with the sole purpose of selling useless tokens for real money? Is it a project full of promises that evaporate once the ICO has finished? Yeah, all those coins that went through offerings will take a massive blow and probably will never recover.
But if the "project" is a decentralized coin with no ICO no premine offered to early investors, no company printing money behind it then although the SEC will not even go after it there is little it could do, even speaking from a legal point of view as it offers no reason to attack it since there were no laws broken.

People creating such projects should focus more on not making the authorities come after them rather than trying to find ways to win court battles.

Quote from: Zotak337 on December 30, 2020, 01:23:21 AM

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?

Most of them got nuked during their ICO period, Blockvest, Protostarr , Munchee, it's a long list. Do you want to know one that survived? Unikrn is one of them, they managed to get a settlement .

I didnt know there are number of projects that died due to SEC. 2021 ismspeculated to be IPO year for new projects, SEC will really be checking all of them.

Quote from: OgNasty on December 30, 2020, 03:25:21 AM

Quote from: Zotak337 on December 30, 2020, 01:23:21 AM

Whenever SEC goes after a crypto project will the project die?

We may learn the answer to this together. It could end up clearing them of any wrongdoing, but given the public nature of crypto activity I think the SEC has a good idea of the coming outcome in the Ripple case. I doubt it will die but that will likely depend on how much money they have to pay the SEC. I’m guessing the cost will be around a billion dollars but we’ll see.

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.

cryptoaddictchie

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Quote from: Zotak337 on December 30, 2020, 01:23:21 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

Not really. Project should not be scared when undergone investigation from SEC. They are known to be strict since crypto industry have been swarmed by useless projects. Xrp is an example, it doesn't mean that they will die instantly, chances of being cleared will still be open for discussion.

Quote from: OgNasty on December 30, 2020, 03:25:21 AM

but that will likely depend on how much money they have to pay the SEC. I’m guessing the cost will be around a billion dollars but we’ll see.

Is this money considered a fine or what? Billion dollar is big but with their huge firm, for the sake of investors trusted them, they should settled this and answers all filed case against them. Not so easy to release money for such cause but that's how politics involved.

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Quote from: Zotak337 on December 30, 2020, 01:23:21 AM

Whenever SEC goes after a crypto project will the project die?

Define "project"!
Is the project just a centralized coin run by a company with the sole purpose of selling useless tokens for real money? Is it a project full of promises that evaporate once the ICO has finished? Yeah, all those coins that went through offerings will take a massive blow and probably will never recover.
But if the "project" is a decentralized coin with no ICO no premine offered to early investors, no company printing money behind it then although the SEC will not even go after it there is little it could do, even speaking from a legal point of view as it offers no reason to attack it since there were no laws broken.

People creating such projects should focus more on not making the authorities come after them rather than trying to find ways to win court battles.

Quote from: Zotak337 on December 30, 2020, 01:23:21 AM

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?

Most of them got nuked during their ICO period, Blockvest, Protostarr , Munchee, it's a long list. Do you want to know one that survived? Unikrn is one of them, they managed to get a settlement .

OgNasty

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Quote from: Zotak337 on December 30, 2020, 01:23:21 AM

Whenever SEC goes after a crypto project will the project die?

We may learn the answer to this together. It could end up clearing them of any wrongdoing, but given the public nature of crypto activity I think the SEC has a good idea of the coming outcome in the Ripple case. I doubt it will die but that will likely depend on how much money they have to pay the SEC. I’m guessing the cost will be around a billion dollars but we’ll see.

mk4

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It will completely depend on how the lawsuit will go, mostly. While these projects may or may not die, it just really shows how valuable a project being actually decentralized is. With most of these projects, the government just pursues the development team or company, and the project is automatically in heavy trouble. With Bitcoin though? Pfffft goodluck to them. 😂

Zotak337

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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

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