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Author Topic: How long will the SEC lawsuit against Ripple last?  (Read 219 times)
crazy-pilot
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March 07, 2021, 08:58:09 PM
 #21

This is a mystery shrouded in darkness. I think there are only two options. Either the project will soon be able to fend off the attacks of the SEC, or the court proceedings will drag on for a long time, at least a year.
The project will certainly file appeals and try to get out of the situation in every possible way. After all, in fact, this is a struggle not only between Ripple and SEC, but also the entire crypto market of altcoins with regulators.


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7788bitcoin
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March 07, 2021, 10:16:56 PM
 #22

No one cares about it. The Xrp will not go up until this case gets resolved, this is a sure thing. It will take a long time to see an XRP price above $0.5.. Most likely the price will go under $0.2 and will stay at that support level until the feasible solution of the SEC problem.
I was also expecting the market to go down considerably and stay there until the situation is solved and these lawsuit take a long time to resolve but the market has surprised me when it started rally once in a while when the entire market goes up and even in the last week the price moved 10% and still it is valued around $0.4632 which is not bad considering their lawsuit with the SEC.
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March 07, 2021, 10:26:18 PM
 #23

This is a mystery shrouded in darkness. I think there are only two options. Either the project will soon be able to fend off the attacks of the SEC, or the court proceedings will drag on for a long time, at least a year.
The project will certainly file appeals and try to get out of the situation in every possible way. After all, in fact, this is a struggle not only between Ripple and SEC, but also the entire crypto market of altcoins with regulators.


It is still on-going and yes, it may take a year or more before we hear the final judgement of the court and we didn’t hear that much about this one, maybe they are both required not to share any details while the case is still on-going. We can just speculate with this one, and we all know the effect if XRP loses to SEC, which I think can really affect the whole market.
When it comes to trials and things that do talks about lawsuits or whatsoever that do correlates with legal things then this would really be having that indefinite schedule on when those decisions will be published out and knowing that there are rules or agreements that informations shouldn't leak out that's why we cant really see further information or updates about it.

The thing we should do now is to wait but if that's youre a xrp holder but if not then why would mind too much on others business?  Cheesy
For those who can take risk on buying while its cheap then its up to their decision but knowing that it is really risky to make such move but who
knows that if XRP would able to win that lawsuit? for sure it would be beneficial.

R


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March 07, 2021, 10:33:53 PM
 #24

This is a mystery shrouded in darkness. I think there are only two options.


Everything is still running in the right way and that needs time for the court to create the final judgement for ripple.
The ripple case is still in the early stage and it may end a year later. As you can see that there are lots of people who are still betting on this case but again there's no exact date when this will happen.
The court will decide the conclusion after there will be lots of meeting already passed. The final decision will be rolling out next year maybe

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March 07, 2021, 10:35:50 PM
 #25

There is no official news yet when the SEC lawsuit against Ripple will end, because I believe both parties will defend themselves by showing
the evidence they have. And this will definitely require a very long and tiring process. So my advice before there is any official news regarding
this matter, it's best to avoid investing in XRP. Because it was very risky when we bought XRP and it turned out that XRP was lost in court by the SEC.
We can see that XRP demand is now continuing to fall, even XRP's ranking has dropped. I really hope this problem can be resolved as soon as possible,
so as not to harm XRP holders.

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March 07, 2021, 10:38:46 PM
 #26

Things can happen very fast with cryptocurrencies especially as adoption is growing explosively. I do not think the xrp lawsuit will linger for too long. I predict 6 months tops
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March 07, 2021, 10:40:44 PM
 #27

There is no official news yet when the SEC lawsuit against Ripple will end, because I believe both parties will defend themselves by showing
the evidence they have. And this will definitely require a very long and tiring process. So my advice before there is any official news regarding
this matter, it's best to avoid investing in XRP. Because it was very risky when we bought XRP and it turned out that XRP was lost in court by the SEC.
We can see that XRP demand is now continuing to fall, even XRP's ranking has dropped. I really hope this problem can be resolved as soon as possible,
so as not to harm XRP holders.


Where did you learn that XRP lost in court? Can you give the link about this? Haven't seen any news that they already lost to SEC. Anyway, it is really not good time to invest in XRP. Because we don't know if they will win on this case. Lucky, if they will surpass this challenge and continue their operations.
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March 07, 2021, 11:16:23 PM
 #28

Usually it takes time but if XRP settle this suit and SEC accept it then it will end as soon as possible though it looks like SEC will push this though so we have no more options but to wait for this legal battle. I believe SEC is doing this to protect investors so this can be a good legal battle and hopefully the truth will prevail because we deserve it.
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March 07, 2021, 11:28:57 PM
 #29

I don't know the exact time of how long the lawsuit lasts, bro. It may last some months if there are many trial schedules of the lawsuits. But I don't think it will last for years, it is too long bro. It is not a very extraordinary case, I think it is just like a common case in crypto.
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March 08, 2021, 07:47:37 AM
 #30

Some says that the lawsuit will be dropped or that there will be a settlement before the actual lawsuit starts (22nd of February).
Some say that that the lawsuit might last months or even years.

What do you think?
Please let me know!

Such cases can indeed be conducted for years for the simple reason that the stakes in them are quite big and will have great consequences from the final outcome of the case.

In addition, the SEC mentioned that the court must determine whether the XRP is in fact a security in its recent proposal to reject the asset holders' petition.

If this happens, the process will go in another direction and may drag on even longer.
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March 08, 2021, 08:49:13 AM
 #31

Some says that the lawsuit will be dropped or that there will be a settlement before the actual lawsuit starts (22nd of February).
Some say that that the lawsuit might last months or even years.

What do you think?
Please let me know!

If I am the developer of Ripple I want the case over as soon as possible, it's a hanging Damocles on their project that they want to put out, any long term plans are on hold because of the possibility of a derail, or stoppage of the whole operation plus a huge fine in case the court hold Ripple violating a lot of rules, of course, they want to put the mind of investors at ease and they want to get listed again, they've reached the number two position once and they want to get in contention again.

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