What Ripple is doing Ripple does a lot of things. Analysts are starting to really think Ripple can beat the case . What happens if/when XRP wins this lawsuit? : r/XRP - reddit Sec Vs Ripple: Case Explained - CNBC TV18 Settle the case and flip the switch Brad. Some of the data that are collected include the number of visitors, their source, and the pages they visit anonymously. An Investment of Money: The Howey Test requires that there must be an actual transfer of funds in exchange for an investment opportunity. But as soon as real dollars become involved, thats where the authorities can clamp down. Winning this motion is not an indicator that the judge will . However, the financial-oriented payment network increased its market cap during the emerging bull run. Article printed from InvestorPlace Media, https://investorplace.com/2021/07/even-if-ripple-wins-its-sec-lawsuit-the-crypto-ballgame-isnt-over/. Last month, the SEC and Ripple both submitted motions for summary judgment, meaning both are basically asking the presiding court to come to a decision and end the case rather than go to a full trial. Regardless of the XRP lawsuits result, cryptocurrency regulation needs to be clarified so the industry can progress. Ripple continues to be locked in a court case trying to establish the status of XRP. The claim is that they traded $1.3 billion in their cryptocurrency XRP as a security without registering it with the SEC. Seemingly XRP's fate is tied to the case and if the case turns in favor of Ripple, XRP's price is expected to at least pass its 2018 ATH of $3.40. With the ever-evolving cryptocurrency market, Ripple has emerged as one of the most popular digital tokens in the space. SEC vs Ripple: Will One Lawsuit Decide the Fate of the Crypto Industry? In 1946, the Supreme Court established a method for deciding whether or not an asset is defined as a security. Ripple and the SEC were recently allowed to re-brief the court with new arguments on the issue amid last minute changes in the law concerning DPP. Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. This implies that buyers collect their funds to profit from a shared enterprise. Therefore, all eyes are on the defendant company as it pushes for the timely deposition of former SEC director William Hinman. #XRPHolders who never sold win. Although US equities were able to trigger a turnaround and close Thursday off with a net gain, someone in Asia clearly did not get the memo. So if regulations won't happen til 1st quarter of '25 & Ripple wins/settles lawsuit before then giving $XRP the only asset with clarity, what would happen to the . A variation of the _gat cookie set by Google Analytics and Google Tag Manager to allow website owners to track visitor behaviour and measure site performance. XRP Is Struggling: Can a Lawsuit Win Save it? All rights reserved. The SEC alleged that Ripple had violated federal securities laws by selling . Ripples Chief Legal Officer expects the payment giants win in the US financial regulators lawsuit against the cross-border settlement firm. . Bitcoin: Whats next for BTC after $65 million worth liquidations. Ripple is now confident of a win against the US financial regulator. The Ripple Class Action Lawsuit: What You Need To Know A close above this level could affirm the bullish thesis and push XRP closer to its resistance at 61.8% Fibonacci Retracement at $0.42, $0.43, and the 78.6% Fibonacci Retracement at $0.46. XRP bulls consider the November 2022 level of $0.41 key for the altcoin and the bulls could push the asset to its target, once it begins recovery. #XRPHolders get to finally see which technology wins. With a violent drop of over 5%, bulls got caught by surprise. What arguably should affect your decision on XRP is its technical posture. What separates this security lawsuit from similar other ones like that of Block.One and Telegram in the crypto space is the fact that SEC has formally named the founder Chris Larsen and [] The cross-border remittance firm has expansion plans once Ripple puts the lawsuit behind it. Why Ripple thinks it's going to win. What will happen with Ripple after the lawsuit? | by Sebastian The use of this website constitutes acceptance of our user agreement. Clarifying the same, Hynes added, "Winning on this motion does not mean the defense will win on trial. You also have the option to opt-out of these cookies. By using this, you . One other set of figures worth looking at is the 260% increase the market as a whole achieved between January 2018 (the height of the 2017-18 bull market) and November 2021 (the height of the 2020-21 bull market). Ripple disputes the charges made against them because XRP is, in fact, a currency and cannot be subject to laws under the securities act. Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. document.getElementById("ak_js_1").setAttribute("value",(new Date()).getTime()); Get the latest Crypto & Blockchain News in your inbox. If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. Instead, with key legislators getting into the mix, this seems like the early innings of a long ballgame. XRP Price Predictions: How High Will the XRP Crypto Go If Ripple Why Ariva World (ARV)? Those implications could cause the SEC to avoid a trial or Summary Judgment. Crypto would not be subject to federal securities laws in the U.S. Policymakers worldwide might follow this decision, providing more flexible terms for crypto regulations across the globe. If you want to collaborate with DailyCoin and become our contibutor, please contact us at contact@dailycoin.com. Moreover. Ripple has said they would move HQ and continue business outside of US. Is The Ripple Lawsuit Good Or Bad For XRP Investors? What If Ripple Loses Against The SEC? This Is How XRP Price - Coinpedia What happens if Ripple loses its SEC lawsuit? CEO Garlinghouse Ripple CEO Discusses Potential Outcomes of SEC Lawsuit Over XRP XRP gets listed on exchanges that delisted it. It has been in the news recently due to its legal battle with the U.S. Securities and Exchange Commission (SEC). Why is the U.S. Securities and Exchange Commission going after Ripple Labs? The ledger uses an efficient consensus mechanism, which paves the way for fast, low-cost transactions. Ripple CEO publicly labels SEC onslaught 'not healthy' in new court Coins reached new all-time highs, with Bitcoin leading the cryptocurrency bull run charge. A buyback could be arranged for those in the U.S. At that point, a federal judge will either decide the case or have it go to trial. Inexplicably, the first baseman bought it and chaos erupted. Necessary cookies are absolutely essential for the website to function properly. 2020 was a striking year for cryptocurrencies as it ended with the most prominent bull run since late 2017. Also read: Will Ethereums ERC-4337 deployment catalyze ETH price recovery after Silvergate FUD? Facebook sets this cookie to show relevant advertisements to users by tracking user behaviour across the web, on sites that have Facebook pixel or Facebook social plugin. All rights reserved. US Congressman Proposes Bill to Block Federal Reserve from Creating American CBDC What's Going On? XRP holders who never sold win. In partnership with Mastercard, Latin Americas most popular exchange, Bitso launched a debit card in Mexico offering cryptocurrency rewards on customers purchases. And, now they are already behind Microstrategy citing there are issues with their accounting systems related to BTC. This move has also caused many altcoin traders to be caught off guard leading to $65 million in liquidations. Doesnt make sense to me. it seems certain that XRP will be declared a non security. In this scenario, both the SEC and Ripple win, but only Bitcoin and XRP would be safe as John Deaton points to fears that ETH could be next in line for an SEC lawsuit. Why SEC-Ripple ruling will be a game-changer for crypto | San Francisco If Ripple wins its case, it will not have to pay out any money and will be able to continue working on projects like those mentioned above. This is the "win" that the SEC is seeking to have overturned. In my opinion, its ugly, with the coin struggling underneath both the 50 and 200 day moving averages. Cronos (CRO) price sold off this Friday around the time Europe began trading. What will happen to the dozens of banks? The Ripple lawsuit is important because if the SEC wins their case, XRP will be treated as a security and not a currency in the United States. In particular, the importance of a couple of rulings and a bull market to transform XRP into the only altcoin with regulatory clarity in the United States. XRP tokens are distributed to companies and financial institutions such as Santander, the Commonwealth Bank of Australia, or MoneyGram to create fast transactions through the Ripple network and avoid high conversion fees. Copyright 2023 InvestorPlace Media, LLC. Funds is a somewhat loose term which could refer to crypto and fiat currency. Although John E. Deaton has come to the conclusion that only Bitcoin and XRP would be safe after the abovementioned settlement, Ripple officials have stated they have gone forward with the lawsuit as a means to protect their interests but also the cryptocurrency industry.