XRP and The SEC

[mrquackquack]

Haven't done one of these in a long time. This week saw a BIG problem in the XRP camp where it saw The SEC and other "governing" entities crack down on their initial sales of it's token/coin and caused a major disruption in the sum of around a 30-40% drop in price. More added fuel to the fire is the liquidation of millions and probable billions on some books of XRP futures. One can only wonder what can happen next.. Is this the end for XRP or is this some sort of an interesting happening to make XRP a little more "centralized". As usual any thoughts or comments are more than welcome. Thanks again and Happy Holidays.

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[Jawhead999]

How many threads do we need to discuss about XRP crash due to SEC lawsuit?

1. XRP Price Dives After SEC Files Charges
2. Why XRP Crash?
3. Bitwise Sells XRP Holdings as Ripple Faces a New Lawsuit
4. Is XRP worth buying in 2020, 2021, and beyond?
5. Any ideas on why XRPs price is fluctuating?
6. What will happen to XRP market now that SEC is suing Ripple?
7. XRP - The Biggest Scam in Digital Currency History

Please lock your topic and continue to other thread than you want to post.

[sana54210]

What Ripple does with the blockchain is not illegal, there is nothing SEC can punish them for it, there is nothing they do with companies (making transactions cheaper for them) that is illegal neither, so there is nothing wrong with that neither, there is nothing wrong with creating a blockchain and having some tokens neither, those are allowed. What is not allowed is having your own currency and making people use that.

You can create a token and leave it be, that is fine, and if you can register at right places that is fine, but doing that, printing whenever you want, and making it go up due to the contracts you have will make things collide and have some problems. At the end the things they did were fine, it is the way they used it that was against the rules, if they come out and say that Ripple and XRP will have no connection at all anymore, it will be fine for them.

[kindbtc]

Haven't done one of these in a long time. This week saw a BIG problem in the XRP camp where it saw The SEC and other "governing" entities crack down on their initial sales of it's token/coin and caused a major disruption in the sum of around a 30-40% drop in price. More added fuel to the fire is the liquidation of millions and probable billions on some books of XRP futures. One can only wonder what can happen next.. Is this the end for XRP or is this some sort of an interesting happening to make XRP a little more "centralized". As usual any thoughts or comments are more than welcome. Thanks again and Happy Holidays.

Ripple has always been run like a corporate sector company or atleast this is how the majority of the community perceives it, so i think now is the team for ripple team to deal this matter with SEC professionally and come out with a solution as soon as possible because the project and the investor funds are at stake.

[terrific]

XRP is no brainer centralized and that's why they were easily filed a lawsuit by SEC. It is an interesting issue how it will end.
If Ripple will manage to overcome it or their 2 execs will face jailtime. It's more in the book of how the coin will be ending up.
Will its value going to zero or will be kept going if there will be remaining exchanges do its trade if they lose against SEC.

[KellyCoin]

Short term doesn’t look good for xrp. Exchanges are starting to delist it for US residents.

[ololajulo]

Short term doesn’t look good for xrp. Exchanges are starting to delist it for US residents.

have not held XRP once in my 5 years in cryptocurrency,have struggled with the understanding of the project, recently in the bear market I read of traders reaction to the high trade. It was thought to a form of bitcoin accumulation of the team while it slip from the second on the coinmarketcap to forth. Athough the team promise to fight back but the news of delisting will haunt the coin for long time into new year and I feel XRP might struggle to defend itself in this market

[Iron Fist]

I agree with Jawhead999. Please no more SEC vs XRP threads!

I urge the moderators to lock this.

[bitcon]

It's too early to make any predictions. We must first wait for the court to see what the decision in this case will be. Ripple is in a very awkward position at the moment. Even if they are centralized, there are many alternative options where you can invest your money in addition to Ripple.

[mrquackquack]

Do you guys and girls think there is any correlation between XRP going up to around .70 USD and maybe the government wanting to get a piece of the pie?

[X-ray]

Is this the end for XRP or is this some sort of an interesting happening to make XRP a little more "centralized". As usual any thoughts or comments are more than welcome. Thanks again and Happy Holidays.

It's not the end yet but the future of ripple will be determined by the courth whether ripple can be considered as security coin or not. if that will be confirmed as security coin and then it will be the end for XRP.
people may see that at the bottom rank of CMC. All of US exchange sites will be delisting ripple and maybe some major exchange sites too.
The volume will be drained and then become another shitcoin.

[mrquackquack]

An interesting theory would be that XRP might be getting even more centralized in which the u.s. government might play a bigger role in the coin itself. Any ideas on that?

[Lantind]

An interesting theory would be that XRP might be getting even more centralized in which the u.s. government might play a bigger role in the coin itself. Any ideas on that?

All discussion about this is already in several topics given by Jawhead999, https://bitcointalk.org/index.php?topic=5303351.msg55929164#msg55929164, so it's better if your topic is locked and then ask your question at topics that already exist and have something to do with this, because all of this is for the sake of preventing many of the same topics.

[btc_angela]

In my opinion, the impact of the lawsuit filed by the SEC is very influential on XRP right now and even Ripple is experiencing a very significant price drop in the crypto market. Going forward, Ripple will continue to innovate and try to improve its reputation as Ripple is considering moving outside the US amid growing frustration over the lack of clarity of regulations. moreover, the majority of Ripple's customers are based outside of the United States.

It's pretty obvious by now isn't it? The impact was so huge that XRP didn't reach or surpassed it's previous all time high. And all we see is the usual pump and dump.

Going forward? That is if they win this lawsuit, otherwise it will be a downturn for the project. And the only thing they can do is move out of the US of A, go to other countries which is more friendly like Japan and continue their services there.