On December 22, 2020, the SEC filed a lawsuit against Ripple Labs and two of its executives. The claim is that they traded $1.3 billion in their cryptocurrency XRP as a security without registering it with the SEC. Ripple and other parties have since countered with claims that the SEC is biased in its assessment.

If XRP is declared a security, Ripple Labs would be ordered to pay a fine for selling unregistered securities.

Someone asked:  What will happen with XRP if the SEC wins the case about XRP being an unregistered security? Would the most likely outcome be a fine and then XRP will register as a security, then it’s business as usual?

Community Musings:  Ripple and XRP will only have an advantage moving forward. After that SEC will go after Ether.  And, now they are already behind Microstrategy citing there are issues with their accounting systems related to BTC.

What will happen to the dozens of banks? Probably they will not settle, because Ripple officials have stated they have gone forward with the lawsuit as a means to protect their interests but also the cryptocurrency industry.

Settle the case and flip the switch Brad. Let there be a new price action. XRP holders who never sold win.

Pay the SEC fine your costing investors were missing the bull run. This could however mean one of the biggest settlements in history.

I thought the good thing about the XRPL is that it does one thing very well – payments, the transfer of value. Why NFTs now? Doesn’t make sense to me.

How many different uses does a knife have? Why stop at one when it successful addresses many.

Finance feeds previously published, ““There’s a way for the Ripple case to end and all parties win. It requires two things: 1) favorable rulings for Ripple on fair notice & on the deliberative process privilege; and an Altcoin Bull Market Chart with an upwards trend causing XRP to surpass its all-time high (for example, hitting $5 dollars or higher)”.

Ripple – or XRP – prices surged in 2021, but had not yet reached the heights from late 2017, making this digital coin different from other cryptocurrencies. This legal action caused the XRP price to plummet from around 0.70 U.S. dollars to 0.20 U.S. dollars. XRP bag holders are waiting for the case to get over.

CoinSwitch believes the crypto asset will surge to $17.0576 by 2030 due to the wide adoption of the asset. The source says XRP may become one of the most favourite cryptocurrencies. All if the SEC lawsuit comes to an end.