Sec vs Xripple and in the future vs BTC? Is it correct?

[jqprez]

The SEC (security and exchange commission) caused xripple to collapse and now who will pay back investors?
The sec can act on the company on USA not on what it has produced and that 95% of customers (who are not Americans) own. They are certainly not stock exchanges. Then, if the SEC also wants to regulate casinos, what credibility will it ever have in the future? But then, since it would be a share, why didn't it close on the downside? What safeguards would the sec provide?

https://www.sec.gov/news/press-release/2020-338

[jackg]

The SEC will face huge issues trying to collapse bitcoin and it'd be almost impossible without the combined efforts of Europe and China/india at least.

The Ripple foundation looked to not be run very well and this is probably a good lesson to people to try to do some sort of research but at the moment the coin has a high market cap still and may take a while to be impacted so people already had a chance to leave.

[Charles-Tim]

https://cointelegraph.com/news/bitwise-dumps-xrp-investment-amid-sec-lawsuit-against-ripple
The United State SEC sue ripple parent company for issuing a “$1.3 billion unregistered securities offering. The summary of the lawsuit reads:

“From at least 2013 through the present, Defendants sold over 14.6 billion units of a digital asset security called 'XRP,' in return for cash or other consideration worth over $1.38 billion U.S. Dollars ('USD'), to fund Ripple’s operations and enrich Larsen and Garlinghouse.”

In my opinion, ripple can not be trusted, ripple is not decentralized at all and it is shady which led to what is happening now. The lawsuit filed by SEC has made many investors and organizations that deals with ripple to be backing off as they do not trust ripple again.

Bitcoin is completely decentralized is the difference.

[jqprez]

The SEC will face huge issues trying to collapse bitcoin and it'd be almost impossible without the combined efforts of Europe and China/india at least.

The Ripple foundation looked to not be run very well and this is probably a good lesson to people to try to do some sort of research but at the moment the coin has a high market cap still and may take a while to be impacted so people already had a chance to leave.

It is a real paradox that in the US you buy a shotgun at the supermarket but you cannot do scalping on coinbase. The US has always been the first on innovations, especially technological ones. He created the nasdaq, he should have created the bitsdaq not try to destroy the bitcoin!
But what is the SEC asking? now xrp is worth 50% less. Would he have asked so much? And the investors? shouldn't it protect them?

[TimeTeller]

https://cointelegraph.com/news/bitwise-dumps-xrp-investment-amid-sec-lawsuit-against-ripple
The United State SEC sue ripple parent company for issuing a “$1.3 billion unregistered securities offering. The summary of the lawsuit reads:

“From at least 2013 through the present, Defendants sold over 14.6 billion units of a digital asset security called 'XRP,' in return for cash or other consideration worth over $1.38 billion U.S. Dollars ('USD'), to fund Ripple’s operations and enrich Larsen and Garlinghouse.”

In my opinion, ripple can not be trusted, ripple is not decentralized at all and it is shady which led to what is happening now. The lawsuit filed by SEC has made many investors and organizations that deals with ripple to be backing off as they do not trust ripple again.

Bitcoin is completely decentralized is the difference.

XRP team should have seen this coming at their doorstep.
But this is too late for them. Remember, they opened their headquarter in Dubai recently.
They are trying to move away from their home base but still caught up with this lawsuit.
They should have done something before this happens.
Wonder how much they will fall in the market.

[Darker45]

The SEC versus Ripple is possible because Ripple belongs to a company. If the SEC files a case against Ripple, there are individual defendants who will face it because Ripple is not truly decentralized; it is owned. On the other hand, if the SEC files a case against Bitcoin, there is no one to whom the case is directed. There is no company either.

Anyway, the SEC does not care about the investors who are now facing huge losses due to its actions. Its focus is on Ripple for illegally selling securities.

[btcsmlcmnr]

It is possible for SEC as Ripple is a centralized cryptocurrency but bitcoin is not. Bitcoin is a truly decentralized cryptocurrency in the technical network but the disappearance of satoshi years ago makes the bitcoin project becomes more decentralized.

I still think what happened with Ripple is only FUD as many FUDs on bitcoin back in years of 2017 and 2018. The recent news on Ripple can be a very bloody lesson for any crypto newbie who have interests in centralized cryptocurrency. Furthermore, it can be a lesson when they choose exchanges to use (centralized or decentralized) and where to store their cryptocurrency (on non-custodial wallets or on exchange wallets).

[Awalt541]

The SEC (security and exchange commission) caused xripple to collapse and now who will pay back investors?
The sec can act on the company on USA not on what it has produced and that 95% of customers (who are not Americans) own. They are certainly not stock exchanges. Then, if the SEC also wants to regulate casinos, what credibility will it ever have in the future? But then, since it would be a share, why didn't it close on the downside? What safeguards would the sec provide?

Ripple is not decentralized, we must about that. Just make a considering about investing with system like that. Interesting for who is willing payback or charge? I'm not sure, since we have agreed and aware there is no guaranteed value for market activity.

The SEC will face huge issues trying to collapse bitcoin and it'd be almost impossible without the combined efforts of Europe and China/india at least.

I'm interested for this one, can you give me a little imagine or light how it's possible happand?

[shinratensei_]

The SEC (security and exchange commission) caused xripple to collapse and now who will pay back investors?

The people behind XRP foundation itself must have paid back the investors.

You should wake up from your dream dude

https://www.investopedia.com/news/sec-chair-says-bitcoin-not-security/
https://www.cnbc.com/2018/06/14/bitcoin-and-ethereum-are-not-securities-but-some-cryptocurrencies-may-be-sec-official-says.html

You can find a bunch of news about that on various sites. That clearly said that ether and bitcoin can leave from the things that will make such coin can be classified as security.

[passwordnow]

The SEC (security and exchange commission) caused xripple to collapse and now who will pay back investors?
The sec can act on the company on USA not on what it has produced and that 95% of customers (who are not Americans) own. They are certainly not stock exchanges. Then, if the SEC also wants to regulate casinos, what credibility will it ever have in the future? But then, since it would be a share, why didn't it close on the downside? What safeguards would the sec provide?

Owners and cronies and yes, including the investors because they are the ones that will take the collateral damage of the price plummet that effects this lawsuit. They are a body of the government and that's credible enough for them to do things such as this in the future. And if SEC does attacks bitcoin, who are they going to sue? satoshi nakamoto? they can't do anything with that and if they're thinking of doing it, they're going to be a big clown because its decentralization can't be handled by them. No central power and authority, unlike XRP, it has owners, ceo, etc.

[jqprez]

The SEC (security and exchange commission) caused xripple to collapse and now who will pay back investors?

The people behind XRP foundation itself must have paid back the investors.

You should wake up from your dream dude

https://www.investopedia.com/news/sec-chair-says-bitcoin-not-security/
https://www.cnbc.com/2018/06/14/bitcoin-and-ethereum-are-not-securities-but-some-cryptocurrencies-may-be-sec-official-says.html

You can find a bunch of news about that on various sites. That clearly said that ether and bitcoin can leave from the things that will make such coin can be classified as security.

ok dude: this "coin" is a coin, or why we talk about coin? why must the sec decide what is a stock and what is a currency? Politics should decide! . given that, with the Fatca there is now an economic dictatorship, then we also consider the dollar as a security since almost all dollar transactions are virtual?

[jqprez]

The SEC (security and exchange commission) caused xripple to collapse and now who will pay back investors?
The sec can act on the company on USA not on what it has produced and that 95% of customers (who are not Americans) own. They are certainly not stock exchanges. Then, if the SEC also wants to regulate casinos, what credibility will it ever have in the future? But then, since it would be a share, why didn't it close on the downside? What safeguards would the sec provide?

Owners and cronies and yes, including the investors because they are the ones that will take the collateral damage of the price plummet that effects this lawsuit. They are a body of the government and that's credible enough for them to do things such as this in the future. And if SEC does attacks bitcoin, who are they going to sue? satoshi nakamoto? they can't do anything with that and if they're thinking of doing it, they're going to be a big clown because its decentralization can't be handled by them. No central power and authority, unlike XRP, it has owners, ceo, etc.

body of ex government. Trump lost. Shouldn't they change the head of the sec soon? or someone is trying to be reconfirmed and then fires these missiles to scare others?

[meanwords]

XRP team should have seen this coming at their doorstep.
But this is too late for them. Remember, they opened their headquarter in Dubai recently.
They are trying to move away from their home base but still caught up with this lawsuit.
They should have done something before this happens.
Wonder how much they will fall in the market.

It's funny because they claimed to have expected SEC to move against them but looking at the situation, it seems that they aren't doing very well.

https://www.theverge.com/2020/12/22/22196064/ripple-sec-cryptocurrency-security-currency-xrp

The lawsuit didn’t come as a surprise; Garlinghouse announced yesterday that the company expected the suit, and Ripple has already published its Wells response, a document that explains to the SEC that its actions were legal.

[Phoenix_PROG]

The SEC (security and exchange commission) caused xripple to collapse and now who will pay back investors?
The sec can act on the company on USA not on what it has produced and that 95% of customers (who are not Americans) own. They are certainly not stock exchanges. Then, if the SEC also wants to regulate casinos, what credibility will it ever have in the future? But then, since it would be a share, why didn't it close on the downside? What safeguards would the sec provide?

Owners and cronies and yes, including the investors because they are the ones that will take the collateral damage of the price plummet that effects this lawsuit. They are a body of the government and that's credible enough for them to do things such as this in the future. And if SEC does attacks bitcoin, who are they going to sue? satoshi nakamoto? they can't do anything with that and if they're thinking of doing it, they're going to be a big clown because its decentralization can't be handled by them. No central power and authority, unlike XRP, it has owners, ceo, etc.

Nakamoto knew that all this will happen, this is the main reason he never come out and reveal himself to the world, bitcoin is war against central bank and the government themselves, SEC going after bitcoin doesn't make any sense because there is no one to hold responsible, the oy decentralized coin I know is bitcoin, it was well planned

[cilgindansci]

Before the SEC case, Ripple was in bad shape again. I think Ripple will be very harmful in this case, but this will not affect Bitcoin.
Right now, hundreds of thousands of cryptocurrency fans have their eyes on this news. I hope we get good results.

[Tash]

Before the SEC case, Ripple was in bad shape again. I think Ripple will be very harmful in this case, but this will not affect Bitcoin.
Right now, hundreds of thousands of cryptocurrency fans have their eyes on this news. I hope we get good results.

Bitcoin is not fairy dust sold be a private company. Every private company in the past issuing money has been shut down, why would it be any different with Ripples xrp?
Very good news cryptomarket finally gets a clean up.

[poodle63]

XRP is owned by Ripple meanwhile BTC is owned by no one but the community itself. It's like comparing an apple to orange, more over who SEC gonna sue? it's not like satoshi is dumping off his BTC to the market unlike XRP founder.
I have a hard time picturing SEC gonna sue BTC because that's simply doesn't make sense considering the nature of btc as true decentralized currency. If any, they gonna sue company offering service using BTC and not the coin itself.

[jqprez]

XRP is owned by Ripple meanwhile BTC is owned by no one but the community itself. It's like comparing an apple to orange, more over who SEC gonna sue? it's not like satoshi is dumping off his BTC to the market unlike XRP founder.
I have a hard time picturing SEC gonna sue BTC because that's simply doesn't make sense considering the nature of btc as true decentralized currency. If any, they gonna sue company offering service using BTC and not the coin itself.

Ok, but we can compare ripple and Ethereum i think...

[amishmanish]

You cannot compare Ripple to neither BTC or not even ETH.

As of today, BTC is still being mined by people willing to put their own time and investment into maintaining a mining setup. There is no centralized party that asks you to buy bitcoin or invest in mining it.

Even ethereum has a mining system but they are now dreading dangerous waters with the PoS model. Otherwise, the emissions are fair enough, although unlimited, which can again be a point of contention.

Ripple on the other hand is a classic premine. What else do you need as proof except the fact that the founders have made over 600 Million dollars by selling billions of the tokens that they simply gave to themselves? Ripple is basically the biggest fish. The next target i believe are going to be the stablecoins, exchange coins like BNB and any of the other tokens issued by major, well-known entities in the space.

[NavI_027]

SEC can sue Ripple because there is someone where they can address the complaint but in the case of Bitcoin nah they can't.  Technically speaking, no one/company really owns btc — it runs because of all of us. That's the beauty of being decentralized .

So don't worry too much if you are a btc investor, such news won't totally affect it. However, we can't deny the fact that people might have a bad impression to crypto once again. And for those xrp hodlers out there, time to leave the boat now before a bloodier falldown happened.