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- Ripple Vs. SEC Law Suit is fight for all cryptocurrencies
- ETH cannot be treated as non-security if XRP is called security
- Ripple Vs. SEC Law Suit will be the leading case forever
- Ripple will not cave in
Despite what critics have to say, it is becoming very evident that the SEC clearly has an agenda, and Ripple has been put into a situation to fight for the entire crypto community.
“Can’t be one is a security, XRP, and another one not, ETH.”
Those who hate XRP price should know what it is doing at this stage for the existence of other cryptocurrencies. Ripple fighting this SEC case will be useful for several other cryptocurrencies to defend themselves from unruly regulatory issues to eventually help them be clearer about what they need to be compliant about.
The end result will hopefully bring the clarity everybody’s looking for whether they win or lose.
Ripple is the only one who did not cave. They are fighting for the whole industry. One more point, if Ripple with its star studded super impressive legal team (with 2 former SEC Commissioner/Chair on their team) can’t defeat the SEC, no one else can.
Jake Chervinsky expressed: “No matter your view on Ripple, two things seem clear: – They’re giving the SEC more trouble than anyone in crypto, maybe more than anyone period, incl. Elon – They’re the leading dispute on securities law, if only b/c they’ll fight to the death unlike those who caved & settled.”
For those who are new, if you buy XRP it is not the same thing as investing in Ripple. XRP is different from Ripple. Only accredited investors will be able to buy Ripple stocks.
Some investors are of the opinion that Ripple is owning all the infrastructure on which XRP operations. However, it is not like that. Ripple leverages XRP and the XRP Ledger for cross border payments.
Negative opinions about Ripple are that Ripple are using XRP to fund their work. And being an XRP investor is not beneficial they say.
Some of the community members are fuming about the SEC lawsuit. “How do they fund the fight? Correct, from the P&D profits they made from poor retail by dumping XRP at 3.7$ in 2018.”
Some feel the law suit is a blessing in disguise. Perhaps, cryptocurrency needs its own classification.
Yet another extreme criticism read like: Banks are the only ones who uses Ripple for money laundering. Banks don’t seem to worry about price of XRP. Banks run SEC. Why would the price of XRP dramatically increase?
No matter what, they have no choice but to fight. The SEC case is the only thing keeping hope alive. SO many XRP holders are underwater and hoping the SEC case will give them the exit liquidity they desperately desire.
The crypto community will benefit greatly from Ripple’s willingness to fight.
Hub: XRP price, news, and analysis
