XRP: Going from Long to Short. Ripple price (XRP) has been under pressure recently. Expect the crypto to be very volatile as a result. 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 nevertheless intends to fight the lawsuit. Ripple is a real-time gross settlement system, currency exchange, and remittance network created by Ripple Labs Inc., a US-based technology company. In this video Ripple (XRP) is discussed. Late last year, the SEC filed a litigated action in the U.S. District Court for the Southern District of New York against Ripple Labs Inc. and two of its executive . According to Brad Garlinghouse, Ripple CEO, the SEC is ready to slap the firm with a lawsuit related to selling unregistered securities: the company's XRP token. The lawsuit's outcome will trigger a selloff or heavy buying for XRP depending on the outcome. The motion, filed on behalf of XRP holders, was responded to by both parties a few days ago. If Ripple wins the lawsuit, then two things will happen that are terrible for the SEC: They will look weak losing a large, high profile lawsuit. The news of the lawsuit will have ripple effects throughout the entire crypto sphere (pun intended). "It would be one of the biggest settlements in SEC history. Ripple Labs won a major victory in the XRP (CRYPTO:XRP) pre-trial hearings last week. As of this writing, it is changing hands at $0.29. In the UK and in many countries in Asia, such as Japan, XRP has already acquired the title of crypto asset, therefore . IF SEC wins, ripple burns 55% of all XRP which to the best of my knowledge means XRP goes up in value but maybe cripples da ripples plans for global implementation but this is purely speculative of course. But what would happen to XRP price if the US court recognized the asset as a commodity and put an end to the ongoing lawsuit? Which can put an end to the lawsuit even in the next 30 days. So What happens if XRP wins the SEC lawsuit, because in all fairness this certainly is a possibility, what happens next? Certainly, the good news would create an atmosphere of optimism that XRP would benefit from. "The lawsuit has gone exceedingly well, and much better . So the next question is what exactly will happen to XRP, especially related to the XRP price prediction after this lawsuit ends. Just ignore the FUD and the XRP haters. According to the "XRP Researcher", the XRP price could increase by more than 2000% after the SEC lawsuit. Could a lawsuit win save it? The main difference between the two that led to a fully-fledged lawsuit was the difference in opinion; SEC believed the XRP is not a cryptocurrency and only security, and that is why it needs to register itself with SEC while XRP begged to differ on the subject. With this evidence permitted in trial, Ripple has increased its chances of winning. This is what some Fund Managers are predicting when ripple gets regulatory clarity.Hit that subsc. In the next section, I'll explore what could happen to XRP if Ripple Labs wins its SEC lawsuit. Make sure you check out otherXRP Rip. The US Securities and Exchange Commission's (SEC) lawsuit against . It is also still cheap (in between $0.43 to $0.57). News of the action pummeled the price of the XRP token at a . XRP prices have been surging recently after a series of legal victories on Ripple's end against the SEC. XRP, Ripple's native utility token, has been stuck under $0.25 for a number of months now, as traders wait for bullish news to arrive. The regulator reportedly failed to hand over internal documents despite judicial orders to do so. Although XRP suffered a loss of nearly 60% in price after the lawsuit began, it has recovered despite being subject to scrutiny in the US market and exchanges becoming wary of accepting XRP trades. The lawsuit was filed in July 2018 by some XRP investors alleging that . Although XRP suffered a loss of nearly 60% in price after the lawsuit began, it has recovered despite being subject to scrutiny in the US market and exchanges becoming wary of accepting XRP trades.. The San Francisco firm also has 48 billion more XRP . If Ripple wins, here are the things that could happen: Institutions (Big Money) pump XRP XRP gets listed on exchanges that delisted it The trend of deeming other, lesser known Cryptos a security is broken. The crypto community is extremely curious about what will happen to Ripple Labs and the token asset XRP, after the U.S. Securities and Exchange Commission (SEC) recently filed a lawsuit against . They think a win against . The rise is being attributed to the exuberance of the so-called XRP army by a commentator. December 14th 2021 2,566 reads 0 The Securities and Exchange Commission (SEC) filed a lawsuit against Ripple, saying that the selling of XRP constituted an unregistered securities offering worth over $1.38 billion. This does not include the talks of the Ripple settlement. More importantly, though, it would. These two ver. XRP has enjoyed an incredible price shoot over the weekend and has become the best-performing cryptocurrency. If Ripple Labs wins the SEC lawsuit, XRP could potentially rise. In any case, further fate will depend on the final positioning of the token. Thus, I wouldn't let the noise of the Ripple lawsuit affect your decision-making process regarding XRP. If Ripple Labs wins the SEC lawsuit, XRP could potentially rise. It recovered slightly to trade at $0.37 over the weekend. So, for better or worse, XRP crypto is going to live and die on the resolution of this lawsuit. The claim is that they traded $1.3 billion in their cryptocurrency XRP as a security without registering it with the SEC. That could be part of why XRP is down less than other cryptos. The SEC is known for its doggedness and if this happens, Ripple will be thrown down the rabbit hole. This comes after Ripple co-founder Chris Larsen said that the company would keep its . Most people think that Ripple will eventually prevail in its SEC lawsuit. $35,000 XRP Price Prediction When They Win The SEC Lawsuit? The value of the token reached $0.8 before the end of the year. When (Not IF) Ripple wins that baseless lawsuit, expect the price to 20x in few days. XRP's price crashed by 51% to $0.25, as news of the SEC's case broke across crypto media. September 21, 2019. Analysts believe Ripple is on course to win the SEC lawsuit. Moreover, this would also include the firm itself, since there are several companies that use Ripple's ODL service to source capital and initiate payments using XRP. A lot of factors come into play. Make sure you check out otherXRP Rip. The SEC does not like losing lawsuits. This decline has pushed Ripple from the third-biggest cryptocurrency in the world to the current fifth. Here's why that matters to XRP (CRYPTO:XRP) holders. The price will rise significantly to around $10-15. This news was brought to you by OVR - the largest decentralized AR Metaverse. Monday will bring the next chapter of a long-running and closely watched lawsuit against Ripple. The agency first launched into a lawsuit in December against Ripple Labs' CEO Brad . The US regulator alleges that the San Francisco-based fintech raised $1.3 billion over a seven-year period, and names Ripple Chairman Chris Larsen and the company's current CEO, Bradley Garlinghouse, in the suit. Before the SEC filed the case, the outlook for XRP was positive, even if it did not make many optimistic. Ripple used the money to fund its operations, according to the SEC. They know XRP can and will eventually surpass Bitcoin and Etherium which are version 1.0 of digital assets (outdated and energy wasting technology). Meanwhile, XRP, the token associated with Ripple shot above the psychologically important $1 level on Monday. You need to decide how to use XRP - as a means of payment or an investment asset. CEO Garlinghouse indicates solution By Jake Simmons 2. In the days following the revelation of the lawsuit, XRP, the native crypto of Ripple, had dropped significantly in value. This is why the memo and evidence tweeted out below by @digitalassetbuy . The SEC's motion to strike Ripple's Fair Notice defense is the most important of the case so far. The SEC lawsuit complicates the whole issue even further. Until 2017 it managed to reach above $0.01, but in March and April . They think a win against the SEC can precede gains of up to $16. See the XRP News, what XRP is, and the prediction of a legal expert of when XRP will win the SEC lawsuit. 青森県弘前市土手町165 tel 0172-33-5551 fax 0172-33-7200. Therefore, the top management of Ripple plans to defend its . Source: Santiment. The SEC plans to sue Ripple on the grounds that XRP is a security. This is not trading advice, and I am in no way liable for any losses incurred. Once the lawsuit is over, XRP will begin to be relisted on trading platforms like Binance, Coinbase, and Kraken; and then newly listed on places like Robinhood. World famous YouTuber Daniel Keem bought 1 million XRP worth $276,600 to profit from a Ripple-favoring outcome of the SEC lawsuit. A prolonged legal battle, which may hold the key to XRP's future, has been extended again. The founder of Crypto-Law.us, lawyer and XRP proponent John Deaton believes Ripple will win based on its current defense. The lawsuit claims that Ripple illegally sold unregistered securities to the public by selling XRP for the past eight years. Certainly, the . However, the bullish growth of 2020, which began at the end of the year, helped the XRP price to rise. Case revelations helping Ripple. Most recently, MoneyGram has announced it will halt its partnership with Ripple, and the use of its XRP token, after the SEC launched its lawsuit. Monday, February 22, 2021. Situation Doesn't Look Encouraging What arguably should affect your decision on XRP is . Ripple has disputed the SEC's findings, arguing XRP should be treated as a virtual currency rather than an investment contract like a stock. . Ripple Lawsuit Win Will Not Determine XRP Fate. According to the crypto analyst, the lawsuit between Ripple Labs and the SEC, which was filed in December of 2020 on allegations that XRP was sold as an unregistered security, could ultimately provide regulatory clarity for the token while the rest of the space ends up in limbo. By Jake Simmons 18. The SEC does not like losing lawsuits. It has been passed by Tether and Litecoin. Clarifying the same, Hynes added, "Winning on this motion does not mean the defense will win on trial. On the most bullish side of things, PrimeXBT thinks a lawsuit victory can send XRP values skyrocketing. Garlinghouse went on to state that if the SEC deems XRP a security, US citizens would require a broker-dealer license to trade the crypto. So, will Ripple price ever bounce back? Several exchanges, mainly in the United States, have delisted XRP. The Ripple lawsuit is important because if the SEC wins their case, XRP will be treated as a security and not a currency in the United States. This weekend has been . After all, back in 2015, Ripple Labs compromised with FinCEN, which recognized XRP as a convertible virtual currency. Experts have said that a Ripple Lawsuit settlement could happen this month. XRP operations outside of the US. Ripple and other parties have since countered with claims that the SEC is biased in its assessment. This growth was supposed to continue at the beginning of 2021, but this could not happen due to the announcement of the SEC's lawsuit. Although XRP holders have no stake in Ripple Labs, the fluctuating price of the cryptocurrency has led its owners to follow the SEC v. Ripple lawsuit intensely. TOTAL XRP DISTRIBUTED 48,697,761,612*. January 2021. But, what if they loose and the court says "Ok, XRP is a security." Any idea what will happen? or maybe the court order XRP to cease to exist? ️THIS IS CRAZY! Situation Doesn't Look Encouraging What arguably should affect your decision on XRP is . Hi guys, I know that if XRP win in the court and declare as not security it will be fantastic. We are rapidly approaching a key date in the Ripple Labs lawsuit . The price history of XRP since its launch in 2013 shows a price fluctuation. Become an NFT Landowner Now! But according to the CEO, more than 90 . The War On Ripple/XRP: 1st They Ignore Us, Then They Laugh, Then They Fight Us, & Then We Win. It's just that it can be argued at trial. Winning this motion is not an indicator that the judge will . In the latest development in the legal battle between XRP investors and Ripple, the company has filed a new motion to dismiss the class-action lawsuit entirely. Ripple currently holds $6.4 billion XRP directly. The class action lawsuit alleges that Ripple issued and sold the coin, one of the largest by market cap . what happens if xrp burn coins what happens if xrp burn coins Is the XRP will be convert to stock? The lawsuit claims that Ripple illegally sold unregistered securities to the public by selling XRP for the past eight years. If all the XRP is burnt, it could be the best buying opportunity in the space. If Ripple wins the lawsuit, then two things will happen that are terrible for the SEC: They will look weak losing a large, high profile lawsuit. Penny Crosman. To date, Ripple vs SEC lawsuit has seen many big revelations, and the XRP defendant believes that there are more to come. XRP Lawsuit: A Huge Win Secured! If Ripple wins the lawsuit against the SEC, there is a high probability that XRP price will shatter its previous record high at $3.31 and make its way higher. Anybody who's buying and selling XRP in the United States would have to get a broker-dealer license." The head of the San Francisco startup has publicly discussed the possibility of the firm moving to friendlier regulatory jurisdictions, or at the least, regions . 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. Ripple and SEC have a professional feud that is dated almost a year, and the lawsuit that the two are fighting is also not recent. But the odds are that by this time next year, XRP . XRP Reach $35,000 After They Win The Lawsuit, Ripple XRP Price Chart | SEC Lawsuit Update. If #XRP were to hit $5, Ripple could sell 10% of the monthly unlocked escrow and pay a settlement / fine totaling as high as $500 million - providing Gensler with a big public victory & bragging rights.
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