After all, back in 2015, Ripple Labs compromised with FinCEN, which recognized XRP as a convertible virtual currency. since the SEC filed its complaint, XRP lost almost half of its market value, causing retail holders of XRP with no connection to Ripple- the very people . Ripple's chief marketing strategist said earlier this year that they "happen to own a lot of XRP," just . Obviously a number of the top cap coins have 3x + their ATH's. Superimpose that on XRP and you're looking somewhere around $10-12. The lawsuit against Ripple happens to be the latest in a string of regulatory issues facing FinTechs. Unfortunately for blockchain proponents, the Ripple lawsuit may not be a one-and-done situation; that is, a win doesn't mean the SEC will forever ignore cryptocurrencies. The SEC's motion to strike Ripple's Fair Notice defense is the most important of the case so far. Another major win for the blockchain firm was when Judge Netburn ruled in favor of granting Ripple Labs access to the SEC's internal discussions on Bitcoin and Ethereum. But there's a couple of things that might impact XRP's price. This dropped to below 7 th place after the case.. Live. Ripple CEO Reveals What Will Happen if SEC Wins Lawsuit. by admin. About Ripple Lawsuit. However, less than 10 days ago, all of that came crashing to an abrupt end.. What Happens To XRP If Ripple Wins! 0. #xrp #ripple #cryptocurrency Despite the ongoing legal action and MoneyGram . XRP $1,000 When They WIN The SEC Lawsuit (Huge News) XRP Price Prediction - XRP Ripple, XRP News. You need to decide how to use XRP - as a means of payment or an investment asset. This does not include the talks of the Ripple settlement. 8m. One of the most asked questions that I see is when is the Ripple lawsuit going to end and what exactly will happen to XRP price if Ripple wins? The SEC lawsuit revolves around whether or not Ripple Labs did an unlawful thing while selling its XRP token to raise funds for its blockchain platform in 2017, a move that would deem the entire event as a securities sale. Currently, the pretrial court date for ripple is set for February 22. One of the most asked questions that I see is when is the Ripple lawsuit going to end and what exactly will happen to XRP price if Ripple wins? Despite the ongoing legal action and MoneyGram, Ripple's leading partner, halting their collaboration due to the lawsuit, the price of XRP generated incredible gains in the past month. In essence, Ripple Labs stands accused by the SEC (the Securities and Exchange Commission) of having sold almost $1.4 billion worth of XRP in (what the lawsuit claims are) "unregistered digital asset securities sales" ever since 2013. This comes after Ripple co-founder . Ripple, and then two directors (Chris Larsen and Brad Garlinghouse). Click to Visit Original Source. The latest development in the ongoing SEC vs. Ripple lawsuit is that documents are classified as privileged . Ripple Lawsuit Win Will Not Determine XRP Fate If Ripple succeeds in its motion to dismiss, it would be a big win for the company. In a part of his Axios interview that wasn't aired by HBO on March 7, Ripple CEO Brad Garlinghouse mentioned that his company may move out of the U.S. if it loses its much . By Jake Simmons 2. The . The SEC . . The SEC alleges that Ripple conducted an unregistered $1.3 billion . Lеgal Ripple CEO Reveals What Will Happen if SEC Wins Lawsuit. If the SEC wins XRP will suffer, potentially die. "The complaint alleges that Ripple raised funds, beginning . Ripple currently holds $6.4 billion XRP directly. If Ripple wins, here are the things that could happen: Institutions (Big Money) pump XRP. XRP gets listed on exchanges that delisted it. ).. USA, February 24, 2021 / EINPresswire.com / -- (February 23, 2021): The Ripple (XRP) is both a currency and a Platform. April 2021. 0:00 / 11:57 •. The case, when it becomes public knowledge, will be a pivotal moment for the cryptocurrency industry, and it could shape how crypto projects launch in the future. Ripple XRP will solidify its position at $6 in 2027 and could reach highs of $50 by 2030. John Deaton enlightens that, If the U.S SEC wins its claim over its allegations against Ripple. The Ripple price is under pressure after rallying to its year-to-date high last week. XRP's price crashed by 51% to $0.25, as news of the SEC's case broke across crypto media. 09.03.2021. Therefore, the top management of Ripple plans to defend its . The SEC would be in a common enterprise with all the XRP holders. Click to Visit Original Source. "We are right and will aggressively fight - and win - this battle in the courts to get clear rules . Top Crypto Lawyers Predict Outcome of SEC's Case Against Ripple and XRP. Ripple XRP Today and Massive Ripple XRP NEWS, and XRP Price Predictions, a discussion on 2020 XRP Wall Street Prediction $1,000 XRP!! So the next question is what exactly will happen to XRP, especially related to the XRP price prediction after this lawsuit ends. XRP lawsuit: Even if Ripple wins this motion, it won't mean…. Therefore, the top management of Ripple plans to defend its . While the SEC lawsuit still technically isn't settled, it seems to be moving towards Ripple's favor. Coinbase Inc. knew cryptocurrency XRP was a security rather than a commodity and "illegally" sold Ripple Labs Inc.'s tokens anyway, a customer argues in a proposed class-action lawsuit over . 09.03.2021. September 25, 2021. in Ripple. According to CEO Brad Garlinghouse, Ripple could move forward in the U.S. with an "alternative solution" to XRP if it loses its lawsuit against the SEC. Even If Ripple Wins Its SEC Lawsuit, the Crypto Ballgame Isn't Over Josh Enomoto 1 day ago US coronavirus: We have to do something dramatic to protect the US against Covid-19, expert says The case can even come down to a Summary Judgement on that affirmative defense, which seems to be in Ripple's interest. But the SEC cites Ripple's "On Demand Liquidity" solution, which leverages XRP as a bridge between two currencies to free up capital, as an example in the suit. So this can badly affect the coin's image.
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