Time to class action sue the SEC.

[jubalix]

A class action could likely be made out against the SEC by XRP holders.

[1] The SEC failed to act in a timely manner with respect to XRP allowing XRP to continue for 5 years with no complaint.



[2] The SEC's failure has contributed to or caused losses it's action now has directly or indirectly caused.


The SEC's filings admit they knew or constructively knew in 2013~2014

Edit Well this happened.
https://cryptobriefing.com/xrp-investors-sec-ripple-lawsuit/

[desciglio2]

The SEC agency was very negligent. I agree to this, but that doesn't change that they are right. Anti-SEC actions can never succeed because Ripple has made many illegal transactions. I think people with Ripple investments are in danger right now  

[Theoboy]

This might be a very huge blow to the ripple investors
And I think it might actually be because the XRP claiming that the company violated laws against selling unregistered securities when it sold XRP to investors. And the violated investors protection laws

[Mighty_crypt]

This is not going to be easy for XRP but it will surely get through the problem as time goes on, XRP isn't the only project that SEC embarked on or will embarked on, many projects will face the same fate starting from January 2021, I think it's finally the right time to choose a side, wanting crypto regulations is inviting SEC and wanting full decentralization is another

[fmz89]

damn so sad for xrp holder before bullrun altseason happen this things hits pretty badly, thanks my xrp already sold 3 months ago

the chart already looks the had trouble, no support even many alt rise many months ago, thats draw my attention to sell

hope the best for other holder, this will be biggest loses on many holder if happen

[Lhaine]

A class action could likely be made out against the SEC by XRP holders.

[1] The SEC failed to act in a timely manner with respect to XRP allowing XRP to continue for 5 years with no complaint.

[2] The SEC's failure has contributed to or caused losses it's action now has directly or indirectly caused.


The SEC's filings admit they knew or constructively knew in 2013~2014

It's just started many more altcoin is next to sec watch list  xrp sued is just started and many more altcoin will follow next even ETH is not safe for regulations of US so better prepared to whats going next . Xrp is just the start and many more altcoin will follow chain link is next after xrp so be prepared.

[WalkerIVIV]

The SEC agency was very negligent. I agree to this, but that doesn't change that they are right. Anti-SEC actions can never succeed because Ripple has made many illegal transactions. I think people with Ripple investments are in danger right now  

IMO if SEC will not try to sue ripple if SEC didn't have enough proof for that. SEC was suing so many scam icos in the past and do you remember about KIN? KIN was loosing against SEC and that's a dead coin right now. The same thing could happen with ripple. I guess SEC will not blindly suing ripple without any evidence

[jaberwock]

A class action could likely be made out against the SEC by XRP holders.

[1] The SEC failed to act in a timely manner with respect to XRP allowing XRP to continue for 5 years with no complaint.

[2] The SEC's failure has contributed to or caused losses it's action now has directly or indirectly caused.


The SEC's filings admit they knew or constructively knew in 2013~2014

It is funny that XRP holders knew that Ripple was a company and you gave all the power in the world to them and basically tied all of your money into just one company, and now blame SEC for it. What would happen if you bought facebook with all the money you have and in a year SEC decides to punish facebook, or law forces Zuck to be jailed and another CEO to be picked? It would really crash the price of facebook stocks incredibly low right? Same thing is going on here, it is not about XRP and 5 years later, it is about what they are still doing.

As long as they exist, the more they continue to exist the more illegal things they will do, what should SEC do? Just say "oh we are 5 years late, we should not touch them" ? Obviously even if they are 5 years late they are going to still investigate them because if there is anything illegal going on, it should be found.

[disconnectme]

The most important thing before filing a case is to have closure, that is why you can investigate a case for 10 years before filing because you just don't want to file and lose, it doesn't sound well but if you have built a water tight case then you have a great chance of winning. If you are Ripple legal adviser you can advice them to go that route but would likely lose

[Godwinpaul]

The issue XRP has with SEC seems very critical. I happened to get some Ripple and as it stands in at over 50% loss. It feels really bad, but I'm still positive that something good may still come out of this predicament. XRP has been in the space for quite a while and won't go yonder just like that.

[robelneo]

A class action could likely be made out against the SEC by XRP holders.

[1] The SEC failed to act in a timely manner with respect to XRP allowing XRP to continue for 5 years with no complaint.

[2] The SEC's failure has contributed to or caused losses it's action now has directly or indirectly caused.


The SEC's filings admit they knew or constructively knew in 2013~2014

You have a good point, they allow Ripple to take off, made a lot of money, and build a community of investors, these investors are long term investors I even read there are investors that bought their shares on Ripple's all-time high, believing that Ripple will take off and become a giant in the Cryptocurrency industry, now with the filing every investor's dream is shattered, some of them are cutting their losses some are on a wait and see attitude, hoping that Ripple can reach an agreement with SEC, everybody's waiting for updates on the fate of Ripple.

[tsaroz]

You can't. There's no rule of law in the US.
US and it's government institutions works above the law and they go onto any measure to keep them powerful. They don't even follow the rules made by themselves and brings on new rules just to bring anyone trouble.
They freeze bank accounts, confiscate money, kidnap people, kill and destroy at will.

[DoubleAweSeven]

The issue XRP has with SEC seems very critical. I happened to get some Ripple and as it stands in at over 50% loss. It feels really bad, but I'm still positive that something good may still come out of this predicament. XRP has been in the space for quite a while and won't go yonder just like that.

That's a rookie mistake. You should cut losses before it's too late. This case has never happened before and it's really bad because XRP has been losing more than we all expected. It happened to be XRP so your out of luck. Better sell than regret later.

[cryptoaddictchie]

Honestly this is somehow right. I tend to look on the situation and it seems SEC are pretty not transparent with their claims or somehow this filing of SEC is very unfair on XRP side. If this has been a long time issue then why the hell did it just let it out when the xrp is already taking off and has a good position and price on the market. It's like sabotaging them in a very rapid way you can imagine. How many people got rekt by buying at a peak price. Now I'm certain it could recover but the questions still stand is when.

[cassavachips]

The SEC goal is to protect all investors but their actions have done a lot of damage to investors. I think the SEC should have done it more wisely so that neither party would get hurt when they acted.

[optimisticcm]

A class action could likely be made out against the SEC by XRP holders.

[1] The SEC failed to act in a timely manner with respect to XRP allowing XRP to continue for 5 years with no complaint.

[2] The SEC's failure has contributed to or caused losses it's action now has directly or indirectly caused.


The SEC's filings admit they knew or constructively knew in 2013~2014

I was reading the other day an article where they told that the SEC chairman has changed and the new appointed person is thought to be pro crypto so i will stay positive for now and i hope good things will come from now on and as far as SEC is concerned their behavior will also change towards legit and well established crypto projects atleast.

[electronicash]

that is also correct. they were pretty much doing nothing back in 2017 and nothing has been changed since with xrp but why the hell are they trying to sue it today? 

they couldn't just take the price down to the ground. the news about delisting didnt work anymore i guess the ones who gamble that price will still kick later are still buying and increasing.

[jubalix]

The SEC agency was very negligent. I agree to this, but that doesn't change that they are right. Anti-SEC actions can never succeed because Ripple has made many illegal transactions. I think people with Ripple investments are in danger right now  

Hi, I agree, but we would be using in negligence, or similar actions, tort or which is unrelated to whether Ripple has made many illegal transactions.

[jubalix]

Edit Well this happened.
https://cryptobriefing.com/xrp-investors-sec-ripple-lawsuit/

[crzy]

The SEC agency was very negligent. I agree to this, but that doesn't change that they are right. Anti-SEC actions can never succeed because Ripple has made many illegal transactions. I think people with Ripple investments are in danger right now 

Hi, I agree, but we would be using in negligence, or similar actions, tort or which is unrelated to whether Ripple has made many illegal transactions.

SEC might be slow to react but we cannot accept the fact that XRP did an illegal transactions and now its time for SEC to sue then. XRP hodlers no need to worry about if XRP didn’t violate anything, they just need to defend it well on the court and then that is the time for XRP to fight back. For now, I’ll let the court to decide and wait for that moment.