SEC Knocking on a projects door means the end?

Taskford

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Quote from: JeotQ on December 31, 2020, 12:26:00 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

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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

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Quote from: Akiko on December 31, 2020, 09:47:16 AM

Quote from: Novatech8 on December 31, 2020, 09:40:03 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.

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Quote from: Novatech8 on December 31, 2020, 09:40:03 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 .

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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

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

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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.

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Quote from: Maxstl007 on December 31, 2020, 01:15:44 AM

Quote from: Baofeng on December 30, 2020, 06:20:18 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, 01:19:17 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)

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Quote from: Baofeng on December 30, 2020, 06:20:18 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, 01:19:17 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?

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Quote from: Cryptomint9 on December 30, 2020, 08:04:49 PM

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

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

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Quote from: Baofeng on December 30, 2020, 06:20:18 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

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Quote from: Baofeng on December 30, 2020, 06:20:18 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

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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

One more bad news about XRP.

Baofeng

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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

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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

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Quote from: Zotak337 on December 30, 2020, 07:00:09 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

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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, 05:25:27 AM

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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.

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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.

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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.

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Quote from: Zotak337 on December 30, 2020, 07:00:09 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, 07:00:09 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, 07:00:09 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.

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.

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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.

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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.

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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 .

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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. 😂

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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

Topic: SEC Knocking on a projects door means the end? (Read 602 times)