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❕NEWS Ripple CEO Says Its Legal Battle with SEC Expected to Be Closed in 2022

L

LutherKing

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Ripple has denied the claims made by the commission as it has maintained that the use of XRP in powering its operations is devoid of investor coercion and that the coin is used as payment utilities only.

The ceo brad garlington has said that they are hopeful that with slow but good progress OK the ongoing case that the things will finally get settled in 2022 and the coin will rise sharply and improve further in adoption and growth

Thanks
 
I hope that it really will closed and come to a conclusion this 2022 or early 2022 though , Ripple has already been saying that they're quite confident that they could win this case against the sec and months before they already said that the case is already coming to a close, Hope it doesn't get delayed any further as some investors are already eager about what decisions to make either to go out or invest more in xrp
 
the ceo of ripple sometime ago even agreed that what they did was illegal but they didnt know it at the time. but ignorance of a law doesnt mean you are not guilty. the sec has even said that since the ceo was so honest & truthful, that it would help the investigation positively. so, lets see where this all leads to. hopefully xrp will finally get the go ahead & leave all its legal problems behind.
 
Not even Bitcoin can win against SEC after their defeat a few months ago. I think XRP will have even slimmer chance of getting accepted by SEC. However, history has proven again and again that sometimes underdogs managed to win even in the most unfavorable conditions. If they get accepted, it will also boost the whole crypto popularity, so that is good.
 
Despite the hurdles, ripple as shown very promising move in the cryptocurrency market. The coin enjoyed lots of support from Japan and that was what provided support for the coin. The backing it enjoyed are not actually from the U.S. all of it came from outside the shores of the country. The coin could have gone past it present value, if not for the lawsuit.
 
Ripple has denied the claims made by the commission as it has maintained that the use of XRP in powering its operations is devoid of investor coercion and that the coin is used as payment utilities only.

The ceo brad garlington has said that they are hopeful that with slow but good progress OK the ongoing case that the things will finally get settled in 2022 and the coin will rise sharply and improve further in adoption and growth

Thanks
Frankly, I'm glad that the people who work at the SEC are doing their jobs. Which is? Their job is to ensure that the public - the investors - are protected. They should legally challenge fintech companies who want to operate or do business in the United States. The securities and exchanges rules and regulations are already in place. The laws may have be amended or revised in order to accommodate cryptocurrency. But that's what these cases are all about. IF Ripple can prove the legitimacy and integrity of their actions and that they are not guilty of the allegations:
"the SEC charged Ripple with allegations stating that its executives sold $1.3 billion worth of XRP in an unregistered securities offering. Ripple objected to the claims, saying that XRP should not be considered a security." SOURCE
THEN it's a WIN and for sure the XRP coin value will rise!
 
Yeah this news has been trending for days now I think it will come to an end agsin thrn and ripples will win. Sec is already regretting the suit against them and believer they acted too fast. but good thing is that xrp wasn't really wipe out so I believe they can still stand the test of time with higher price rate.
 
I really hope that this year case closes by next year because it is almost lingering for too much already and it doesn't even make sense anymore as they have to make sure that they are trying their best to win the case and not do anything that will get there going to be affected and subsequent deletion of the coins from different exchange platforms.
 
I really hope that this year case closes by next year because it is almost lingering for too much already and it doesn't even make sense anymore as they have to make sure that they are trying their best to win the case and not do anything that will get there going to be affected and subsequent deletion of the coins from different exchange platforms.
But right from time I didn't just understand the need of the sue by SEC I think I have read where they have even regreted the action and. like supposing ripple went underground because of this what would have been their gain. Good that ripple is still up and running as it should.
 
But right from time I didn't just understand the need of the sue by SEC I think I have read where they have even regreted the action and. like supposing ripple went underground because of this what would have been their gain. Good that ripple is still up and running as it should.
Ripple was probably a scapegoat but unfortunately for SEC, the company didn't cower like many others would have done. Although the lawsuit has slowed the progress it would have made, it is great that the business and the coin are still standing against all the odds.
 
Ripple already gave a lot of proof that they are confident they are not a security ,so I don't know why the case with SEc is pending ,but with the look of things it seems exchange platform and investors don't even care about the issue with SEc anymore ,they are now concerned about the development of the coin and nothing more tho I think
 
Any more updates on this case? Wonder just how far the progress of this case is already. But eh, maybe this one can wait as the world is currently overwhelmed by the danger of Ukraine conflict that possible can escalate to regional or even global war.
 
The case has been preventing the growth of xrp for a long time now. I believe they have a big chance of winning it seems like the judge that forsee the case is not biased. Recently the judge denied the appeal of Sec against ripple. I really hope this lawsuit end it will be good for every crypto currency that may get targeted in the future
 
Too bad the case isn't over yet. But I hope it will end so XRP holders can finally breathe. There's been a hearing several weeks back but it's negative for XRP. Still, the coin's price has went up, and even settled from number 7 to 6.
 
Too bad the case isn't over yet. But I hope it will end so XRP holders can finally breathe. There's been a hearing several weeks back but it's negative for XRP. Still, the coin's price has went up, and even settled from number 7 to 6.
I really wish for the case to end faster ,the longevity of the case might have been affecting the growth and development of the coin, and when its prolly resolved faster then the case would be dissolved
 
I remember when my one of my Facebook friends kept raving about Ripple. Then my son also started telling me to buy some. But when you're slow and you don't know, you take your time. I never did buy XRP. As for my son, the main reason he has Ripple is because he has a debit card that credits his account ever month with that altcoin. You've heard of cashback. His card gives him crypto-back.
 
I remember when my one of my Facebook friends kept raving about Ripple. Then my son also started telling me to buy some. But when you're slow and you don't know, you take your time. I never did buy XRP. As for my son, the main reason he has Ripple is because he has a debit card that credits his account ever month with that altcoin. You've heard of cashback. His card gives him crypto-back.
same experience. the market is in uproar ripple was caught in a lawsuit and the price dropped so much many people thinks that's the end of xrp.. I come across a man in some investment platform he's buying xrp and told me to do the same.. was too scared i didn't. regret it but oh well.. there's still a chance
 
Ripples legal battle has been ongoing for years and the major issue affecting the token for now. Ripple is powering the next financial system that will take over from the current outdated financial system.
 
The ongoing legal dispute between sec and ripple will continue. I believe they're fighting because of vested interest in a bid to take control over the project. The fate of the project will be determined by the outcome but I see it breaking barriers.
 
I really wish for the case to end faster ,the longevity of the case might have been affecting the growth and development of the coin, and when its prolly resolved faster then the case would be dissolved
Hopefully. It's really been years since the lawsuit has commenced. Besides, there are also issues with SEC Chairman being connected to Sam Bankman Fried of FTX.
I remember when my one of my Facebook friends kept raving about Ripple. Then my son also started telling me to buy some. But when you're slow and you don't know, you take your time. I never did buy XRP. As for my son, the main reason he has Ripple is because he has a debit card that credits his account ever month with that altcoin. You've heard of cashback. His card gives him crypto-back.
Is it on Coinbase? I remember my brother bought a lot of XRP on Binance way back for the airdrop from Spark Network.
 

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