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

[Smitty Werben Man Jensen]

This is the rule if a project that is in the USA, they were launched in the USA in 2012 and until now they are alive,
but the SEC has always been a ghost for a blockchain project, remember about Titanium ?,
yes, they were shut down by the SEC and ended badly for investors, and more, so this is the second time I've heard of a good project against the SEC,
if Ripple wins I'm sure they'll still be in the top 3, if lose, it's game over.

[ene1980]

yes, they were shut down by the SEC and ended badly for investors, and more, so this is the second time I've heard of a good project against the SEC,
if Ripple wins I'm sure they'll still be in the top 3, if lose, it's game over.

It was a surprise to see that the SEC came out with the verdict when the market was rallying and it is a warning sign to all the investors to the rest of the ICO markets as well and that will include ETH which is another major coin in the market as they also raised money without registering with the SEC and the market reacted badly to the situation and XRP had a major correction but within two days the market is recovering which is surprising.
Have to wait and watch how this will end.

[FaucetKING]

I do hate it when governments are going against the decentralization. I'm not a real fan of ripple, i've used their blockchain a couple of times before and it was just perfect but i want to insist on the point that i'm not a fan of it but i am supporting the XRP lovers and traders whom are against these weird movements. Of course the SEC might try to go against Bitcoin in the fututre and they will succeed in lowering its value but they won't be able to dump it so hard. I am sure that the US government is fucking trying to buy XRP at a lower cost, they are holding alot of BTC and CRYPTO and they are just animals.

[shoreno]

If ripple can't win its lawsuit, Its value would certainly affect badly. We experienced a value drop from ripple since the lawsuit publicized, How much more if they lose the lawsuit against them.

ripple is already dropping before but that was not caused by this issue and now that the issue suddenly explode , i think this contributes a little to the drop because there are those scared ripple hodlers that thinks in advance negatively so they cant help but to sell .

 if they loose this war , in can be a game over for them . trading platforms are going to remove the coin .

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

investors must not put all the blame to the sec but its also the investors fault . they invest on the coin and they must accept if whatever happens  . its not the sec or ripple teams obligation to refund them

[pixie85]

I know this is a bad day for Ripples since they are caught red-handed and as you can see the price of XRP in the market, if not stopped, is now falling towards a new All Time low. I wonder how would they recover from this kind of disaster. What will happen to BTC? I think BTC has nothing to do with it though. The price of BTC still remained at its ATH and it will continue to rise until next year because everything about Bitcoin nowadays is good news.

I don't feel bad for them. They were cheating investors from the start with their huge premine that they were liquidating on the market every time the price pumped.

What they were doing was the definition of selling snake oil. They had a product that wasn't used for anything and were promising bank acceptance and all that. When people bought some good news and XRP pumped they were selling their premined coins and dividing profits.

Nobody uses XRP for anything but speculation against bitcoin. It became a centralized hedge coin.

Maybe they'll recover from it, maybe not. I won't shed a tear if they don't.

[shinratensei_]

This is the rule if a project that is in the USA, they were launched in the USA in 2012 and until now they are alive,
but the SEC has always been a ghost for a blockchain project, remember about Titanium ?,
yes, they were shut down by the SEC and ended badly for investors, and more, so this is the second time I've heard of a good project against the SEC,
if Ripple wins I'm sure they'll still be in the top 3, if lose, it's game over.

Titanium was a scam project and that's why SEC was shutdown it. KIN was also confirmed as a security coin. SEC has very strong evidence to prove if ripple was a security coin.
It's clearly said that any coins like bitcoin and ethereum were successfully passing the test and both were utility coins.
That means ripple didn't pass all of the requirements to be considered as a utility coin. RIpple was also making the founders of its project became the new richest man too. It's almost similar to bitconnect

[Argoo]

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

Do not dramatize the situation so much. The SEC does not attack ripple and the claims made will not lead to the collapse of this coin. The SEC is about to file a lawsuit against Ripple in connection with the alleged sale of unregistered securities. This is generally not a very big violation and even if the claim is satisfied, it will only lead to the payment of a certain amount of the fine. If there is a violation, there must be responsibility. However, this does not mean that the SEC is going to attack cryptocurrencies, including bitcoin. Already, the ripple price is starting to recover after a sharp price drop in connection with this news. Therefore, with ripple everything should be fine.

[Tash]

I know this is a bad day for Ripples since they are caught red-handed and as you can see the price of XRP in the market, if not stopped, is now falling towards a new All Time low. I wonder how would they recover from this kind of disaster. What will happen to BTC? I think BTC has nothing to do with it though. The price of BTC still remained at its ATH and it will continue to rise until next year because everything about Bitcoin nowadays is good news.

I don't feel bad for them. They were cheating investors from the start with their huge premine that they were liquidating on the market every time the price pumped.

What they were doing was the definition of selling snake oil. They had a product that wasn't used for anything and were promising bank acceptance and all that. When people bought some good news and XRP pumped they were selling their premined coins and dividing profits.

Nobody uses XRP for anything but speculation against bitcoin. It became a centralized hedge coin.

Maybe they'll recover from it, maybe not. I won't shed a tear if they don't.

Exactly, marketcap is nowhere near accuarate also as some xrp have been gifted to various parties. The move from premine wallet to friends wallet increases available supply as-with marketcap. The true marketcap is the sold xrp and tax been paid for which is small. You can fool more people with higher marketcap. Its a scam all around.

[Bitbtc8]

Are you trying to say that SEC will go after bitcoin in near future? That's almost impossible because XRP is centralized, that's why give SEC the power to go after XRP, bitcoin is fully decentralized and the maker is no where to be found, who is SEC going to arrest? Maybe this is even why Nakamoto vanished into thin air?

[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

Do not dramatize the situation so much. The SEC does not attack ripple and the claims made will not lead to the collapse of this coin. The SEC is about to file a lawsuit against Ripple in connection with the alleged sale of unregistered securities. This is generally not a very big violation and even if the claim is satisfied, it will only lead to the payment of a certain amount of the fine. If there is a violation, there must be responsibility. However, this does not mean that the SEC is going to attack cryptocurrencies, including bitcoin. Already, the ripple price is starting to recover after a sharp price drop in connection with this news. Therefore, with ripple everything should be fine.

The problem is this: is the SEC attacking or controlling? The task of the sec is to control and defend. After this action, those who had xripple, lost 50% of the value that could be redeemed at any time and in any exchange. Unfortunately there is no international law of economics but it will soon have to be. Should the SEC, if loose, in the persons responsible for the procedure, have to pay for the losses generated by the serious damage to its image?

[jqprez]

Are you trying to say that SEC will go after bitcoin in near future? That's almost impossible because XRP is centralized, that's why give SEC the power to go after XRP, bitcoin is fully decentralized and the maker is no where to be found, who is SEC going to arrest? Maybe this is even why Nakamoto vanished into thin air?

Yes, cause Biden is democratic and must tax the bitconin gains i think.

[jqprez]

It's clearly said that any coins like bitcoin and ethereum were successfully passing the test and both were utility coins.
That means ripple didn't pass all of the requirements to be considered as a utility coin. RIpple was also making the founders of its project became the new richest man too. It's almost similar to bitconnect

Bitcoin was making its already wealthy founders even richer. maybe that's the difference. The worst thing there is is to envy the wealth of others. This is a very common thing in my country but, until recently, it wasn't like that in America. Since the 1990s, all the new rich, from the founder of Facebook, to the late founder of Apple, have been bombarded by American justice. Instead mafiosi and criminals were left free to grow and proliferate.

[jrrsparkles]

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

SEC can act and regulate the exchanges for US customers only so any other investors is not going to have any hindrance innthe usage but delisting from reputed exchanges can collapse the prices completely. Even if this happens to Bitcoin then exchanges may remove it but the holders will never sell their Bitcoin which is not the case with Ripple.

[darewaller]

Now this is the new attack the XRP lovers have that they want us to position against SEC to defend them. First of all I hate SEC as much as the next guy, do not think that I love them, I hate them too, however this doesn't mean that I would be in support of XRP neither, you could always hate both sides of a fight as well, I hope that XRP gets destroyed and becomes something illegal to have and all the creators founders and ceo's gets jailed, however I also will keep on using bitcoin out of grid so that SEC could never reach me neither (since I am not American, they probably don't care neither).

Long story short there is nothing wrong with what SEC is doing to XRP, sec is a bad place but ripple is a bad place too, even a stopped clock shows the correct time twice a day, so sec did something right which is a very unique and rare situation but works out now.

[Saisher]

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.

People are on a wait and see, many holders already know about the issue but they are not yet selling or cutting their loses, they are still hoping that for a compromised and Ripple can save themselves from this suit, I'm sure they are ready to dump once there are no new good development I'm glad I sold all my Ripples now I have nothing to worry.

[nikola22]

SEC has not questions to bitcoin so there is no need to worry. maybe there will be questions to other altcoins that conducted sales of tokens. as you see investors choose bitcoin because SEC doesn't consider it as a security.

[asriloni]

SEC has not questions to bitcoin so there is no need to worry. maybe there will be questions to other altcoins that conducted sales of tokens. as you see investors choose bitcoin because SEC doesn't consider it as a security.

So many times SEC stated that if bitcoin was not security coin. SEC will be targeting the illegal security token offering that operated in US. XRP is the biggest one that is still operating in US. That's why SEC was taking a legal action against XRP. SEC knows that if XRP already violated some rules.
It's incorrect statement from OP says that bitcoin would be the next coin that will be sued by SEC. He needs to read more literature.

[jqprez]

SEC has not questions to bitcoin so there is no need to worry. maybe there will be questions to other altcoins that conducted sales of tokens. as you see investors choose bitcoin because SEC doesn't consider it as a security.

So many times SEC stated that if bitcoin was not security coin. SEC will be targeting the illegal security token offering that operated in US. XRP is the biggest one that is still operating in US. That's why SEC was taking a legal action against XRP. SEC knows that if XRP already violated some rules.
It's incorrect statement from OP says that bitcoin would be the next coin that will be sued by SEC. He needs to read more literature.

Your opinion has no basis. You would need to write more to make us more aware. From what I know it uses them, Europe and a large part of Asia are already organizing. Ever heard of fatca? The revenue authorities (taxman) is already organizing, other than sec.

[Tash]

Bitcoin has nothing to do with it, it does not transmit money and does not sell fairy dust like Ripple with its xrp.
Miners validate a transaction did happen and do some mathematical work, nothing wrong with that.
On the other hand Ripple nodes to transmit value and Ripple is selling forever an unregistered security.
Bitcoin and Ripple/xrp is day and night nothing akin.