What will happen to XRP market now that SEC is suing Ripple?

[sulis sudibyo]

Ethereum is also unregistered security. I believe only coins with no pre-mine, no dev-fees, and use proof-of-work, cannot be sued by SEC.
IMO ICO/IEO, almost all are unregistered security.

Anyway, I think Ripple has to pay fines, just like EOS. As long as the network functionality is still up, I believe many people will still transact using XRP; thus, the value won't be zero.

yes you're right, the best way to get out of this problem is to admit mistakes and pay dendan. as long as the ripple network remains operational, there will be time to go back up. making a self defense will only make this problem drag on. this is not good for the ripple market. will only make this problem drag on. this is not good for the ripple market.

[takngantuk]

panic selling will ensue until the SEC makes its latest statement about ripple. This case has huge implications for the future of Ripple, if the SEC wins their lawsuit this might be the end for Ripple. the ripple price could return to 0.1 or even below it. at worst they could be removed from the american market.

[trauchot]

So far, the price of XRP continues to fall and big XRP holders are sharply selling their XRP and it is not known what will happen next with XRP, so at the moment it is better not to invest in XRP and it is possible that the SEC will be suing XRP for a long time and it is not known how it will all end, so it's better go past XRP.

[Handsome Boy]

I just want to know your opinions with this news


https://www.forbes.com/sites/jonathanponciano/2020/12/22/sec-charges-ripple-with-selling-13-billion-in-unregistered-securities-xrp-loses-2-billion-in-market-value/

I think the price of Ripple (XRP) will definitely continue to fall because SEC is suing Ripple and of course investor confidence will decrease, so many people will be afraid to invest in XRP for now until the problem is resolved and XRP gets a positive response again, then it will make investors return to invest in XRP and of course the price of XRP will also increase.

[Iyeman]

panic selling will ensue until the SEC makes its latest statement about ripple. This case has huge implications for the future of Ripple, if the SEC wins their lawsuit this might be the end for Ripple. the ripple price could return to 0.1 or even below it. at worst they could be removed from the american market.

All of exchange sites could delist ripple. So many US exchange sites have prepared themselves to delist ripple if it's a security coin. These exchange sites are not wanna dealing with the illegal security coin like ripple that might put them all into the big risk caused by SEC can target those exchange sites.

[mindrust]

Ethereum is also unregistered security. I believe only coins with no pre-mine, no dev-fees, and use proof-of-work, cannot be sued by SEC.
IMO ICO/IEO, almost all are unregistered security.

Anyway, I think Ripple has to pay fines, just like EOS. As long as the network functionality is still up, I believe many people will still transact using XRP; thus, the value won't be zero.

Wow Imagine Ethereum losing %20-50 of its total value in a day and knowing that it is going to zero soon now that would be more exciting than watching a train wreck.

Imagine the Panic.

I bet Vitalik would suicide.

[serjent05]

I just hope that XRP fate doesn't end like Centra.  If you remember Centra, the one advertised by Floyd Mayweather, the CEO was found guilty of the charges and was imprisoned, then the Centra project died and the Centra token became worthless.  If ripple doesn't fix this case or end up losing the case, there is a huge possibility that it will be dumped to oblivion.  Any thought about XRP being worthless if the ripple team loses the case?

[SirLancelot]

By the looks of it SEC always attacks on the same thing, the "unregistered" part of the company. I hate ripple as much as anyone, I really want to see them bankrupted and ripple fully gone, however this is just a tactic by SEC to show how they have the power.

We have seen a ton of companies that got sued because they are unregistered, but the fact is, do you really register your currency? I understand that ripple the company should be registered and they are, they do a lot of business deals as well, that part is registered, but why register a currency? What should have they done? Just tell sec that they created a currency and some people are using it now? Obviously that wouldn't work and SEC is idiots to not realize that.

In all sense, I wanted Ripple to crash, this is not the reason why they should have crashed because this doesn't make sense, but good riddance in any case.

[cabron]

By the looks of it SEC always attacks on the same thing, the "unregistered" part of the company. I hate ripple as much as anyone, I really want to see them bankrupted and ripple fully gone, however this is just a tactic by SEC to show how they have the power.

We have seen a ton of companies that got sued because they are unregistered, but the fact is, do you really register your currency? I understand that ripple the company should be registered and they are, they do a lot of business deals as well, that part is registered, but why register a currency? What should have they done? Just tell sec that they created a currency and some people are using it now? Obviously that wouldn't work and SEC is idiots to not realize that.

In all sense, I wanted Ripple to crash, this is not the reason why they should have crashed because this doesn't make sense, but good riddance in any case.

SEC won't stop with XRP but will also sue the rest including the ones we supported such as ETH. There will be more because they knew how weak holders are when it comes to price dumping.

XRP losing this lawsuit might also be the basis for other altcoins to lose, top altcoins are also security tokens.

[bitcon]

I'm surprised how much the rate has dropped overnight. I wonder what will happen next, and what will be the news on this case, but all that can be observed now is only the price falling lower and lower. The lawsuit has already been filed, so Ripple is in for a tough time.

[lionheart78]

As we see, XRP market suffered a great loss due to SEC suing Ripple.  It is the developer's fault why they are at the current situation.  If the SEC won the case, it is possible that Ripple will have to fine a huge amount of money which can possibly lead to Developer dumping their  XRP holding thus, making XRP market to crash even more.

[mu_enrico]

Wow Imagine Ethereum losing %20-50 of its total value in a day and knowing that it is going to zero soon now that would be more exciting than watching a train wreck.

Imagine the Panic.

I bet Vitalik would suicide.

Yeah, just like Epstein 

Remember:

it was ~12% premine. Another ~60% was the sale

https://twitter.com/vitalikbuterin/status/1048082496233996294

The problem is that crypto's value is often detached from reality; even hacked projects, meaningless projects, illegal securities with massive pre-mine, can have relatively high prices.

[tabas]

The attack on XRP is an attack to all. This is why some other altcoin as are dumping as well

No, that's not really an attack to all. This lawsuit is just specific for the Ripple. Don't think that because a lawsuit was filed to Ripple they're including in this battle bitcoin, ethereum and other big names in the market. That's not the reality of this. This is only a battle for XRP and if the market is going down because of it, remember that we are in a speculative market for which every news is affecting it.

because they knew, they could also be sued the same way as SEC did to Ripple.

As long as they haven't done anything malicious and suspicious that violates SEC's ruling, why they have to think of it?

[Shasha80]

There is a huge impact on XRP getting lawsuits from the SEC, as can be seen with several exchanges delisted XRP. Then the popularity of XRP also
dropped quite drastically,  we can see that the ranking XRP on the market cap site has decreased and makes XRP's position now in 7th place.
So the future of XRP is very worrying, and if it doesn't immediately resolve legal issues with the SEC. I can assure that XRP will continue to lose
investors trust.

[mariah.sadio]

If SEC decide to end this story bad when ripple will see a lot of red candles in the next few weeks

[Saisher]

There is a huge impact on XRP getting lawsuits from the SEC, as can be seen with several exchanges delisted XRP. Then the popularity of XRP also
dropped quite drastically,  we can see that the ranking XRP on the market cap site has decreased and makes XRP's position now in 7th place.
So the future of XRP is very worrying, and if it doesn't immediately resolve legal issues with the SEC. I can assure that XRP will continue to lose
investors trust.

Although they slip in the 7th position still the price is still good compared when the news of SEC suing Ripple, still surviving so far we have not read any news that exchange is delisting Ripple, that's a positive news for Ripple and their investors, but for how long, good things will end for Ripple once the court drop a negative bomb, everything is hanging and it's to risky to ignore Ripple's position.

[paxmao]

It seems that the SEC is not willing to reach an agreement. My take is that they may use this case to set an example and encourage self regulation in the sector. While the lawyers have put forward a motion to dismiss (which could soar the price in won) the SEC probably considers that 1.3B in illegally sold securities - as per they definition - constitute to much of a risk to their standing.

I am no fan of Ripple and I think that whether they have committed this specific crime, they have been certainly creating dubious news and manipulating the public perception beyond what could be a reasonable marketing.

[BChydro]

I am no fan of Ripple and I think that whether they have committed this specific crime, they have been certainly creating dubious news and manipulating the public perception beyond what could be a reasonable marketing.

It is not a big surprise that Ripple is a heavily premined coin and i think that they have done the kind of activities that SEC is claiming, collecting money without registering as a security with them and i have no idea what will happen because when the news appeared the market crashed but then after sometime the market recovered strongly and i have no idea how that happened.

[BintangBuleun]

I am no fan of Ripple and I think that whether they have committed this specific crime, they have been certainly creating dubious news and manipulating the public perception beyond what could be a reasonable marketing.

It is not a big surprise that Ripple is a heavily premined coin and i think that they have done the kind of activities that SEC is claiming, collecting money without registering as a security with them and i have no idea what will happen because when the news appeared the market crashed but then after sometime the market recovered strongly and i have no idea how that happened.

A glimpse of information that Ripple has won the lawsuit in court. This is what causes Ripple's price to increase. But there are also those who say the SEC's lawsuit against Ripple isn't over. Despite this, Ripple's market conditions are currently improving. They are targeting $ 2 in the near future.

[apityeh71]

Personally I still support XRP by keep holding the coins. Even though SEC suit against Ripple, this project keep building their purpose by continue make partnership with international bank that located offside USA. They also will develop NFT project. Ripple project already run more than 7 year, and they keep stronger by building new product.