SEC Knocking on a projects door means the end?

[Yogee]

We can't compare KIK/KIN project to XRP, XRP is already established project while KIK/KIN was a ICO who raises millions during the hype. It might take some time for XRP to recover from here, and for sure they will have to pay hefty fines and then probably move out of the US, (that's what they've said prior to the looming case by SEC). So they can survived and will still remain in crypto space

Isn't it because the SEC wasn't that keen on cryptocurrencies before the boom of ICOs that's why XRP became an established project? They wouldn't be as established if Ripple Labs launched XRP around 2017 and not in 2012. They're probably dead like KIK or KIN.

[Maxstl007]

We can't compare KIK/KIN project to XRP, XRP is already established project while KIK/KIN was a ICO who raises millions during the hype. It might take some time for XRP to recover from here, and for sure they will have to pay hefty fines and then probably move out of the US, (that's what they've said prior to the looming case by SEC). So they can survived and will still remain in crypto space

Probably move out? I will be disappointed if XRP team don't move out after this is over honestly, it's stupidity if they still decide to remain in the US, you said we can't compare KIN, are you saying KIN is more stronger in money wise or what? I don't believe that, XRP should be able to handle this

[Maxstl007]

Whenever SEC goes after a crypto project will the project die? I'm seeing what's currently happening to XRP due to lawsuit and I want to know if all the projects that the SEC hunted for in the past died? If yes can you mention one or two projects? Thank you

One more bad news about XRP.

Of cos it's binance US, they have no choice but to delist, my binance account isn't US XRP is still available for trading, the lowest I've seen XRP go is 0.19$ and presently it's trading above 0.21$, I don't think SEC impact will take a huge ton on XRP performance, I'm sure XRP can get out of this war soon

[stompix]

It might take some time for XRP to recover from here, and for sure they will have to pay hefty fines and then probably move out of the US, (that's what they've said prior to the looming case by SEC). So they can survived and will still remain in crypto space

Hahaha, and then what?
What will happen to their partnerships with all the companies they claim they have been working with?

Do you think Bank of America or American Express will still deal with them? The moment they flee the US after the SEC charges all this becomes a dream of the past. Yeah, fleeing the US is easy, getting partners afterward will be a near-impossible task, who do you think is stupid enough to enter the lion's den when there are thousands of alternatives there. For an exchange it's simple, they just lose US customers, for a business is losing as a partner every company that has even a remote connection with the US banking sector.

I don't think SEC impact will take a huge ton on XRP performance, I'm sure XRP can get out of this war soon

What performance? That of even riding the BTC wave to still be at 25% of their ATH while BTC rose nearly 50% above it?
Performance in what? Printing money?

[Jawhead999]

We can't compare KIK/KIN project to XRP, XRP is already established project while KIK/KIN was a ICO who raises millions during the hype. It might take some time for XRP to recover from here

you said we can't compare KIN, are you saying KIN is more stronger in money wise or what? I don't believe that, XRP should be able to handle this

Read it carefully @Baofeng is supporting XRP more than KIN because it's just a hype.

I don't think SEC impact will take a huge ton on XRP performance, I'm sure XRP can get out of this war soon

If SEC aren't have tons impact on XRP, why many exchanges already suspended and delisted XRP on their exchanges? It will make the price go lower and more lower become dead coin.
And if XRP able to survive after this lawsuit, it will be worthless and hard to reach top 5 cryptocurrencies again (to be honest XRP aren't worth to take that place)

[akirasendo17]

Is there any kind of politics on those issues? I mean some say that the sec head is against crypto while, the new head is pro-crypto, which means the tides might turn around in 2021, but for sure those projects will make it through the SEC if they make things right and prove that they are innocent on what the sec is being thrown at them.

[Yogee]

Is there any kind of politics on those issues? I mean some say that the sec head is against crypto while, the new head is pro-crypto, which means the tides might turn around in 2021,

Politics? If the SEC head is against crypto then they would have sued every cryptocurrencies traded on US based exchanges. They are only after what they consider as illegal sales of tokens and coins to US investors and traders. It doesn't matter who will be the next head of the agency. The laws on wouldn't change and cases will go on.

but for sure those projects will make it through the SEC if they make things right and prove that they are innocent on what the sec is being thrown at them.

It's free to dream.

[Novatech8]

There will be some huge fine to pay, if XRP have no enough funds it will surely affect the project, there are few projects that find it very hard to stand up on their fit after paying SEC, Im just hoping the same won't happen to XRP after everything is over, XRP need to get the hell out of US ASAP.

[Akiko]

There will be some huge fine to pay, if XRP have no enough funds it will surely affect the project, there are few projects that find it very hard to stand up on their fit after paying SEC, Im just hoping the same won't happen to XRP after everything is over, XRP need to get the hell out of US ASAP.

This is actually I want to answer they can pay for fine if they don't want to be affected that much it's better than being delisted in any US base exchange . There are already project that already sued by SEC and they also pay fine and that's how they solve the problem i forget that project name.

But XRP  need to pay it huge unlike the other project that I hear from before .

[Taskford]

There will be some huge fine to pay, if XRP have no enough funds it will surely affect the project, there are few projects that find it very hard to stand up on their fit after paying SEC, Im just hoping the same won't happen to XRP after everything is over, XRP need to get the hell out of US ASAP.

This is actually I want to answer they can pay for fine if they don't want to be affected that much it's better than being delisted in any US base exchange . There are already project that already sued by SEC and they also pay fine and that's how they solve the problem i forget that project name.

But XRP  need to pay it huge unlike the other project that I hear from before .

Well that will be totally ok if they will just settle it with fines since I believe xrp could pay that but what if not? Maybe this could end for xrp right? But I believe xrp could surpass this since they are not a small coin and for sure in future in could bounce back again but now let's see the updates on how there too management will solve this case.

[JeotQ]

XRP should be able to settle SEC with everything they got, this project have been around for years now, no matter what the loss may be XRP will recover, I believe there are strong XRP believers out there too, if truly XRP is a capable project it's now that we will get the answer

[Taskford]

XRP should be able to settle SEC with everything they got, this project have been around for years now, no matter what the loss may be XRP will recover, I believe there are strong XRP believers out there too, if truly XRP is a capable project it's now that we will get the answer

For sure they will do that but can they pass this trial which hurt them so much? Many exchange are now planning to delist them and if there's no good action came from their executives then provably we will see xrp slowly falling down. But I still hope xrp can pass this issues since I like to use this coin for transaction since it's fast and cheap.