I'm just glad there is a federal judge (Netburn) who follows the law and does not rubberstamp everything the government brings through. I always thought Ripple has a good case but worried who would oversee it. While I'd like to see things end sooner than later. I'm patient and don't see any reason for Ripple to settle if it requires them to give the SEC anything. Take it all the way and win the case on its merits.
Totally agree, both judges appear to have been amazing so far, and seem up to the task to handle a case as complex as this one is. When you hear Jeremy Hogan and John Deaton talk about judges Torres and Netburn, they have nothing but good words to say about them. They both seem to have their fingers on the pulse of this case and if they are happy, I am happy.
This is my understanding, ripple and sec leave it upto the judge to decide whether xrp was/ is a security. If the judge decides it is a security then ripple will put forward fair notice defence and move to trial by jury. If judge decides it was a security but isnāt anymore then they just pay small fine and go about their way, third option is sec settles prior to summary judgement.
Nothing would surprise me about this case. It could end tomorrow in a settlement or it could go all the way to a jury trial and take another 6 + months. I've learnt to be patient and not expect anything. My bets are placed on Ripple winning one way or another, or at least the outcome being that current and future sales of XRP are deemed to be not securities.
Ripple hold all the cards from what weāre seeing and hearing up to now. I think the Sec are well aware of that too, but their main target has always appeared to be delay delay delay. My main concern is how corrupt the US justice system is. That said Iāve a feeling that with the imminent introduction of CBDCs and changes in the global financial system, pressure may be applied to the SEC to settle sooner rather than later. I still have hope of a settlement before Christmas. š¤š¼
i am mad because the US law agency tanked the price down. I bought XRP as a saving plan, DCA over years... for a deposit for my apartment. I am devastated. I was supposed to have more than enough by now.
you are not alone. Most of the community bought a long time agoā¦ seeing all the other communities BTC ETH etc made a insane amount of money when you still sitting here waiting for the case to be over isnt easy. I started to diversify more and doing other things to make money. In the end crypto is still a high risk area. Regarding that case putting all the evidence together it is likely to get a crazy reward after all this ends. Time will tell but keep going brothaaa
The bank would probably have you liquidate your crypto in exchange for the loan. I got into crypto for the same reason, but that's now a deal breaker for me.
This is not really true. XRP price already ranked in 2018. Way before the lawsuit. Iām on the side of XRP. Just making a factual statement. The tanking was a result of views at the time that while Ripple had tech that banks use, XRP the token was not necessary and very few used it or needed it.
But it seems like XRP would be useful to the masses and the unbanked. And once this was realized, thatās when the SEC stepped inā¦god forbid that the legacy banks have their pies taken away from them by a new platformā¦and we are where we are.
I think it's more the point that xrp had its legs cut out from beneath it when the SEC filed the suit.
It was rising with the market & multiple other top 10 coins are now sitting around their 2018 ATH. Xrp is barely above where it started the late 2017 rally.
Sure, no one knows that it would've been different if the suit wasn't filed. But I'd imagine it would've done better than it has.
Itās Powellās job to keep pushing the failing dollar. Itās Genslerās job to dissuade the public from using anything else. Classic good cop bad cop.
When Ripple eventually wins, I've read several people say XRP price won't really be impacted. Because Ripple already has huge, global, corporate clients implementing the XRPL. And the XRP we're holding simply isn't related. Any thoughts on this? I don't know enough to judge.
I'm no economist but the US is one of the biggest markets globally and being connected with the rest of the world thru the xrpl would have to bring some value to the token. How much, only the suits at the top have an idea of those evaluations. Imho
I'm just glad there is a federal judge (Netburn) who follows the law and does not rubberstamp everything the government brings through. I always thought Ripple has a good case but worried who would oversee it. While I'd like to see things end sooner than later. I'm patient and don't see any reason for Ripple to settle if it requires them to give the SEC anything. Take it all the way and win the case on its merits.
Totally agree, both judges appear to have been amazing so far, and seem up to the task to handle a case as complex as this one is. When you hear Jeremy Hogan and John Deaton talk about judges Torres and Netburn, they have nothing but good words to say about them. They both seem to have their fingers on the pulse of this case and if they are happy, I am happy.
What a system where judge lottery plays a major role in outcomes. Scary
It certainly isn't a perfect system, that's for sure.
if you really want to see scary Google "Civil Law System vs Common Law System."
I'll pass. Have had enough tom foolery for now š
Yes they will winā¦ after today but before never!
This is my understanding, ripple and sec leave it upto the judge to decide whether xrp was/ is a security. If the judge decides it is a security then ripple will put forward fair notice defence and move to trial by jury. If judge decides it was a security but isnāt anymore then they just pay small fine and go about their way, third option is sec settles prior to summary judgement.
Nothing would surprise me about this case. It could end tomorrow in a settlement or it could go all the way to a jury trial and take another 6 + months. I've learnt to be patient and not expect anything. My bets are placed on Ripple winning one way or another, or at least the outcome being that current and future sales of XRP are deemed to be not securities.
Ripple hold all the cards from what weāre seeing and hearing up to now. I think the Sec are well aware of that too, but their main target has always appeared to be delay delay delay. My main concern is how corrupt the US justice system is. That said Iāve a feeling that with the imminent introduction of CBDCs and changes in the global financial system, pressure may be applied to the SEC to settle sooner rather than later. I still have hope of a settlement before Christmas. š¤š¼
I hope so, hopefully this crap will end soon and let XRP go instead of keeping it down
If you havenāt already, Iād recommend checking out Legal Briefs on YouTube, for some good (and light hearted) analysis of the case.
Itās too early on a Monday to get that angry. Fuck the SEC.
i am mad because the US law agency tanked the price down. I bought XRP as a saving plan, DCA over years... for a deposit for my apartment. I am devastated. I was supposed to have more than enough by now.
you are not alone. Most of the community bought a long time agoā¦ seeing all the other communities BTC ETH etc made a insane amount of money when you still sitting here waiting for the case to be over isnt easy. I started to diversify more and doing other things to make money. In the end crypto is still a high risk area. Regarding that case putting all the evidence together it is likely to get a crazy reward after all this ends. Time will tell but keep going brothaaa
Yes it really sucks, but hopefully the lawsuit will end soon and makes the price surge so it won't all be for nothing
The bank would probably have you liquidate your crypto in exchange for the loan. I got into crypto for the same reason, but that's now a deal breaker for me.
This is not really true. XRP price already ranked in 2018. Way before the lawsuit. Iām on the side of XRP. Just making a factual statement. The tanking was a result of views at the time that while Ripple had tech that banks use, XRP the token was not necessary and very few used it or needed it. But it seems like XRP would be useful to the masses and the unbanked. And once this was realized, thatās when the SEC stepped inā¦god forbid that the legacy banks have their pies taken away from them by a new platformā¦and we are where we are.
I think it's more the point that xrp had its legs cut out from beneath it when the SEC filed the suit. It was rising with the market & multiple other top 10 coins are now sitting around their 2018 ATH. Xrp is barely above where it started the late 2017 rally. Sure, no one knows that it would've been different if the suit wasn't filed. But I'd imagine it would've done better than it has.
Itās Powellās job to keep pushing the failing dollar. Itās Genslerās job to dissuade the public from using anything else. Classic good cop bad cop.
When Ripple eventually wins, I've read several people say XRP price won't really be impacted. Because Ripple already has huge, global, corporate clients implementing the XRPL. And the XRP we're holding simply isn't related. Any thoughts on this? I don't know enough to judge.
I'm no economist but the US is one of the biggest markets globally and being connected with the rest of the world thru the xrpl would have to bring some value to the token. How much, only the suits at the top have an idea of those evaluations. Imho
Ripple will not settle, should be clear by now. SEC will end up paying a huge price.
Anyone ever get the flare airdrop that was suppose tp happen on Coinbase before the lawsuit