XRP - Post Lawsuit Possible Outcomes & Thoughts

[Maz7]

Hi Everyone,

New here but learning more and more about a variety of coins.

Reason for the post is I understand XRP is not a decentralized coin and the negative feedback around it. With the SEC lawsuit pending claiming Ripple is a currency, I'm looking for insights on the aftermath.

Ultimately, I think we can assume if the SEC does win their suit, 2 things can happen: XRP could be deemed untradeable and/or Larsen & Garlinghouse are hit with fines/penalties etc which could diminish the company/coin but possible they stay afloat.

My question for everyone is if they do win their suit, does the coin soar? I do believe there are technological advantages provided by XRP with the transfer of assets and the ability to partner with banks.

Ideally, I'd just like additional information of what this could potentially mean in either facet.

Thanks!

[Kemarit]

There's only one possibility, XRP and team move out of the US completely and go to Japan and or UK because XRP is not considered as securities in that country.

Going back to your question, definitely, if they win the price could rocket to the moon again. But that's a big IF, SEC's batting average against crypto related project are very high so I don't think they are going to lose this case against SEC though. And again, assuming your scenario, we really don't know how long this case will go, it can drag for months and years.

[axeholm]

A reason why Ripple may likely beat the suit may be that the duties of Chairman heading the Securities and Exchange Commission has been passed on to Gary Gensler, a former chair of the Commodities Futures Trading Commission (CFTC). Gensler has been known to be very crypto-friendly, defining Bitcoin as “a catalyst for change” previously, while his colleagues were adamant on classifying cryptocurrencies as Ponzi schemes.

He will be engaging with during the lawsuit may likely play in XRP’s outcome, as there is a familiar face on Ripple’s legal team: Mary Jo White. White and Gensler had both previously served as a Chairman of the SEC, under Barack Obama.

No one really knows what will happen to XRP after the lawsuit against Ripple is settled, but I think everyone must buy XRP off the open market. Clarity is set and institutions pour in as they have been waiting for this moment.

[Periodik]

Reason for the post is I understand XRP is not a decentralized coin and the negative feedback around it. With the SEC lawsuit pending claiming Ripple is a currency, I'm looking for insights on the aftermath.

Others are saying XRP is not decentralized but Ripple itself has its own arguments that XRP is decentralized.

SEC's lawsuit is saying Ripple is a security, not a currency as you mentioned.

Ultimately, I think we can assume if the SEC does win their suit, 2 things can happen: XRP could be deemed untradeable and/or Larsen & Garlinghouse are hit with fines/penalties etc which could diminish the company/coin but possible they stay afloat.

My question for everyone is if they do win their suit, does the coin soar? I do believe there are technological advantages provided by XRP with the transfer of assets and the ability to partner with banks.

There is no need to constantly discuss this issue. There are two alternatives. If he loses the case, it will disappear. If he wins the case, his price goes up perfectly. There is no more than that.

If Ripple loses the case, that would deal a big blow to them but that is a case exclusive in the US. Ripple is operating all over the world.

[asriloni]

Ultimately, I think we can assume if the SEC does win their suit, 2 things can happen: XRP could be deemed untradeable and/or Larsen & Garlinghouse are hit with fines/penalties etc which could diminish the company/coin but possible they stay afloat.

Just learn from KIN's case where the company was getting delisted from so many exchange sites, liquidity gets drained and dead.
The liquidity of ripple comes from the its premined coin. That's why this company is having the largest premined coin in the history of crypto.

My question for everyone is if they do win their suit, does the coin soar?

it does.
Massive buy will be happening. People will be believing in ripple again and a few hundred percent increase might possible for ripple.

I do believe there are technological advantages provided by XRP with the transfer of assets and the ability to partner with banks.

It's only providing the infrastructure for the bankers and no more. This company is not transparent too.

[pakhitheboss]

I never liked this coin but I do acknowledge it has a big community and if anything goes wrong it will affect the whole cryptocurrency community.

There are two possible outcomes to this issue either they lose or they win. If they lose they will disappear and SEC might come after other crypto projects that are operating in the US. If they win the price will go to the moon.

[Coyster]

My question for everyone is if they do win their suit, does the coin soar?

Of course, an appreciation in the price of the coin is expected should they win the lawsuit, there have been quite a lot of XRP hodlers dumping the coin due to a result of the uncertainty that hangs around XRP atm, victory in the case, will sort of rejuvenate the confidence that has been lost and allure more potential investors for XRP.

I never liked this coin but I do acknowledge it has a big community and if anything goes wrong it will affect the whole cryptocurrency community.

That's not true. Ever since the lawsuit, XRP has faced a huge plunge, but Bitcoin and other alts have been going high and even setting new all time records, XRP is pretty popular on the network, but not so much so to affect the entire network.

[BChydro]

There's only one possibility, XRP and team move out of the US completely and go to Japan and or UK because XRP is not considered as securities in that country.

They can move to other countries and set up their business but they cannot run from the SEC as they will force other countries to comply with them as well. It is not an easy case of moving to a different location and everything will be smooth. The SEC already forced exchanges to delist the coin and if they move to other locations they will apply pressure until they comply and pay the penalties.

[Nisterse]

XRP will rise completely if they win this lawsuit. Even with this, XRP still is on a high roll claiming to be one of the top cryptocurrency. A good amount of volume for XRP is still there even there is this lawsuit ongoing. People still believe in it. You should too.

[kaeluxdeuz]

Possible scenario:
Ripple to burn their share of XRPs.
Fine to be paid by Ripple.
But wont be deemed a security.

And the above can happen if they come to an agreement, which can be announced any day and time.

[elisabetheva]

Possible scenario:
Ripple to burn their share of XRPs.
Fine to be paid by Ripple.
But wont be deemed a security.

And the above can happen if they come to an agreement, which can be announced any day and time.

possibly everything can happen to XRP, as you said it can be done which is probably one of the best ways to sacrifice for the sake of a better step forward.
With a situation like this alone XRP can still move to improve, which indicates that there are still many who believe in XRP and the problems that exist for them are not and are not a threat that they will be directly affected.

In fact, this is the strength that XRP has because it is still loyal to always hold it in a situation of difficulty, which does not seem to affect anything that can happen and whatever steps XRP will take. everyone still supports XRP, because XRP has done its best and deserves to be rewarded for itself.

it is very certain that the agreement will be reached in any way for the best way that can be done because it is the most effective step, there is no problem even if XRP has to pay a fine even later.

[Maz7]

Some good items pointed out here.Seems the more I read articles around the internet the more negative the feedback is. So I certainly appreciate the insight provided here.

Reading through some excerpts from the lawsuit through the site and they are pinning it a bit more saying the SEC has a much stronger case than initially thought.
Appears there was negligence on the accord of Larsen and co. by not actually going to the SEC to confirm if they would be a security back in 2013.

https://www.coinbureau.com/analysis/sec-ripple-lawsuit/

I guess time will tell. Hoping for a positive outcome as I hold quite a bit of the position.
I think even a settlement and being not deemed a security would still be a positive as opposed to entirely shut down.

Thanks again!

[FanEagle]

My question for everyone is if they do win their suit, does the coin soar? I do believe there are technological advantages provided by XRP with the transfer of assets and the ability to partner with banks.

Ideally, I'd just like additional information of what this could potentially mean in either facet.

I guess the fact is that they are centralized and they are managed by a company tells you that XRP is not really a good coin anyway, so you should probably stay away from it no matter what and this whole situation shows you why you should not buy it, and if this is not a warning for you and you are still interested in XRP I can't help you anymore and just tell you to not be sad when you lose your money because you wanted it.

But if you must insist, I guess if Ripple somehow manages to win the lawsuit that would mean they are free and they would of course be out of the woods, which would of course have a huge spike on XRP price in a short term. However considering that there are 4 ways it could lose in the long term versus 1 way it could make a profit in a very short term, it doesn't make any sense to just hope for that 1 and be present and sell at the exact time.

[Maz7]

My question for everyone is if they do win their suit, does the coin soar? I do believe there are technological advantages provided by XRP with the transfer of assets and the ability to partner with banks.

Ideally, I'd just like additional information of what this could potentially mean in either facet.

I guess the fact is that they are centralized and they are managed by a company tells you that XRP is not really a good coin anyway, so you should probably stay away from it no matter what and this whole situation shows you why you should not buy it, and if this is not a warning for you and you are still interested in XRP I can't help you anymore and just tell you to not be sad when you lose your money because you wanted it.

But if you must insist, I guess if Ripple somehow manages to win the lawsuit that would mean they are free and they would of course be out of the woods, which would of course have a huge spike on XRP price in a short term. However considering that there are 4 ways it could lose in the long term versus 1 way it could make a profit in a very short term, it doesn't make any sense to just hope for that 1 and be present and sell at the exact time.

You're not wrong at all. The pro's/cons are pretty eye opening.
I'm not expecting this thing to go to $10+ . If it pops, a couple bucks, I'd look to sell.

[lumierre]

The court proceedings will last more than one month. It is too early to draw conclusions and predict something. Now the most important thing is whether there will be a big fall during the trial itself. And only after the Ripple case is ruled, we can understand what to expect.

[tvplus006]

...There are two possible outcomes to this issue either they lose or they win. If they lose they will disappear and SEC might come after other crypto projects that are operating in the US. If they win the price will go to the moon.

I am sure that even a negative federal court decision for Ripple will not entail the liquidation of its XRP coin. This will mean that Ripple will not be able to work in America. But there are many countries that are more loyal to this company, such as Japan, which has previously stated that XRP is not a security.

[johnbanana]

Hi Everyone,

New here but learning more and more about a variety of coins.

Reason for the post is I understand XRP is not a decentralized coin and the negative feedback around it. With the SEC lawsuit pending claiming Ripple is a currency, I'm looking for insights on the aftermath.

Ultimately, I think we can assume if the SEC does win their suit, 2 things can happen: XRP could be deemed untradeable and/or Larsen & Garlinghouse are hit with fines/penalties etc which could diminish the company/coin but possible they stay afloat.

My question for everyone is if they do win their suit, does the coin soar? I do believe there are technological advantages provided by XRP with the transfer of assets and the ability to partner with banks.

Ideally, I'd just like additional information of what this could potentially mean in either facet.

Thanks!

The funny thing about the U.S government is they said cryptocurrency is not currency, but now they said XRP is a currency. Whatever the hell they're labeling, XRP is a cryptocurrency. This flop flip need to make their own mind from the U.S government is mind boggling. They're need to seat in round table and make up their mind.