However, it should be noted that even if Ripple manages to win the fair notice motion, it doesn't guarantee a win during the trial. John Deaton enlightens that, If the U.S SEC wins its claim over its allegations against Ripple. The SEC does not like losing lawsuits. This weekend has been . "The lawsuit has gone exceedingly well, and much better . See the XRP News, what XRP is, and the prediction of a legal expert of when XRP will win the SEC lawsuit. So What happens if XRP wins the SEC lawsuit, because in all fairness this certainly is a possibility, what happens next? You need to decide how to use XRP - as a means of payment or an investment asset. Ripple currently holds $6.4 billion XRP directly. 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. They think a win against . From what we have been hearing so far during the discovery between Ripple and the SEC, it seems that the end of this Ripple lawsuit is much nearer than expected. These two ver. This is why the memo and evidence tweeted out below by @digitalassetbuy . The founder of Crypto-Law.us, lawyer and XRP proponent John Deaton believes Ripple will win based on its current defense. The regulator reportedly failed to hand over internal documents despite judicial orders to do so. In the days following the revelation of the lawsuit, XRP, the native crypto of Ripple, had dropped significantly in value. Winning this motion is not an indicator that the judge will . Certainly, the good news would create an atmosphere of optimism that XRP would benefit from. An SEC lawsuit filed in December accuses Ripple of violating federal securities laws. On December 22, 2020, the SEC filed a lawsuit against Ripple Labs and two of its executives. Better yet, the 40 billion dollar question, according to the XRP market cap. XRP: Going from Long to Short. January 2021. The War On Ripple/XRP: 1st They Ignore Us, Then They Laugh, Then They Fight Us, & Then We Win. Garlinghouse went on to state that if the SEC deems XRP a security, US citizens would require a broker-dealer license to trade the crypto. Ripple and SEC have a professional feud that is dated almost a year, and the lawsuit that the two are fighting is also not recent. The San Francisco firm also has 48 billion more XRP . XRP, Ripple's native utility token, has been stuck under $0.25 for a number of months now, as traders wait for bullish news to arrive. Regardless of the Securities and Exchange Commission's lawsuit, XRP operations may remain inhibited, except for the fact that its founding company will be targeted for a hefty penalty. "It would be one of the biggest settlements in SEC history. However, it is not so simple for XRP. Since the lawsuit, Ripple has signed 20 new customers outside the US. The SEC would be in a common enterprise with all the XRP holders. Analysts believe Ripple is on course to win the SEC lawsuit. Several exchanges, mainly in the United States, have delisted XRP. The judge ruled for a second time that Ripple could use written statements by an SEC official that damage the SEC's own case. Wild Predictions Call XRP to Break Above $500 The SEC plans to sue Ripple on the grounds that XRP is a security. As of this writing, it is changing hands at $0.29. Fortunately, things seem to be leaning in favor of Ripple especially after reports that the U.S regulator erased documents that were sensitive to the case. It's not looking particularly good for SEC if i'm honest but time will tell once the dust settles. Could a lawsuit win save it? Case revelations helping Ripple. XRP Reach $35,000 After They Win The Lawsuit, Ripple XRP Price Chart | SEC Lawsuit Update. Ripple and other parties have since countered with claims that the SEC is biased in its assessment. It's just that it can be argued at trial. The lawsuit was filed in July 2018 by some XRP investors alleging that . . In this video Ripple (XRP) is discussed. Most recently, MoneyGram has announced it will halt its partnership with Ripple, and the use of its XRP token, after the SEC launched its lawsuit. Attorney John Deaton's filing of a motion to intervene two weeks ago was a spanner in the works for many who expected the ongoing lawsuit between the United States SEC and Ripple Labs to be a straight and direct back-and-forth. September 21, 2019. December 14th 2021 2,566 reads 0 The Securities and Exchange Commission (SEC) filed a lawsuit against Ripple, saying that the selling of XRP constituted an unregistered securities offering worth over $1.38 billion. . Ripple has also won a 'Discovery case' against the SEC. The claim is that they traded $1.3 billion in their cryptocurrency XRP as a security without registering it with the SEC. or maybe the court order XRP to cease to exist? A lot of factors come into play. "Those implications could cause the SEC to avoid a trial or Summary Judgment. The value of the token reached $0.8 before the end of the year. The news of the lawsuit will have ripple effects throughout the entire crypto sphere (pun intended). That could be part of why XRP is down less than other cryptos. The main difference between the two that led to a fully-fledged lawsuit was the difference in opinion; SEC believed the XRP is not a cryptocurrency and only security, and that is why it needs to register itself with SEC while XRP begged to differ on the subject. A prolonged legal battle, which may hold the key to XRP's future, has been extended again. This news was brought to you by OVR - the largest decentralized AR Metaverse. XRP's price crashed by 51% to $0.25, as news of the SEC's case broke across crypto media. This growth was supposed to continue at the beginning of 2021, but this could not happen due to the announcement of the SEC's lawsuit. Ripple and other parties have since countered with claims that the SEC is biased in its assessment. The rise is being attributed to the exuberance of the so-called XRP army by a commentator. XRP Lawsuit: A Huge Win Secured! Expect the crypto to be very volatile as a result. Experts have said that a Ripple Lawsuit settlement could happen this month. We are rapidly approaching a key date in the Ripple Labs lawsuit . The lawsuit, which was filed in federal district court in Manhattan, accuses Ripple and its two co-founders of raising over $1.3 billion through "an unregistered, ongoing securities offering for digital assets." The SEC also alleges that Ripple Labs also used billions of XRP in exchange for non-cash consideration, such as labor and market . Just ignore the FUD and the XRP haters. Although XRP holders have no stake in Ripple Labs, the fluctuating price of the cryptocurrency has led its owners to follow the SEC v. Ripple lawsuit intensely. The first serious action took place in 2013, when the agency . News of the action pummeled the price of the XRP token at a . Become an NFT Landowner Now! This comes after Ripple co-founder Chris Larsen said that the company would keep its . But the odds are that by this time next year, XRP . Although XRP suffered a loss of nearly 60% in price after the lawsuit began, it has recovered despite being subject to scrutiny in the US market and exchanges becoming wary of accepting XRP trades.. So What happens if XRP wins the SEC lawsuit, because in all fairness this certainly is a possibility, what happens next? So, for better or worse, XRP crypto is going to live and die on the resolution of this lawsuit. "The reason why I still hold such a massive amount of XRP . However, the bullish growth of 2020, which began at the end of the year, helped the XRP price to rise. Ripple is a real-time gross settlement system, currency exchange, and remittance network created by Ripple Labs Inc., a US-based technology company. In the UK and in many countries in Asia, such as Japan, XRP has already acquired the title of crypto asset, therefore . Until 2017 it managed to reach above $0.01, but in March and April . . About 47 billion XRP is in circulation, and the XRP ledger is open-source with hundreds of developers. Ripple Labs won a major victory in the XRP (CRYPTO:XRP) pre-trial hearings last week. One of the most asked questions that I see is when is the Ripple lawsuit going to end and what exactly will happen to XRP price if Ripple wins? This decline has pushed Ripple from the third-biggest cryptocurrency in the world to the current fifth. To date, Ripple vs SEC lawsuit has seen many big revelations, and the XRP defendant believes that there are more to come. XRP operations outside of the US. Thus, I wouldn't let the noise of the Ripple lawsuit affect your decision-making process regarding XRP. Ripple nevertheless intends to fight the lawsuit. Late last year, the SEC filed a litigated action in the U.S. District Court for the Southern District of New York against Ripple Labs Inc. and two of its executive . If Ripple wins the lawsuit, then two things will happen that are terrible for the SEC: They will look weak losing a large, high profile lawsuit. If Ripple Labs wins the SEC lawsuit, XRP could potentially rise. Meanwhile, XRP, the token associated with Ripple shot above the psychologically important $1 level on Monday. The claim is that they traded $1.3 billion in their cryptocurrency XRP as a security without registering it with the SEC. World famous YouTuber Daniel Keem bought 1 million XRP worth $276,600 to profit from a Ripple-favoring outcome of the SEC lawsuit. It is also still cheap (in between $0.43 to $0.57). In the latest development in the legal battle between XRP investors and Ripple, the company has filed a new motion to dismiss the class-action lawsuit entirely. But, what if they loose and the court says "Ok, XRP is a security." Any idea what will happen? This is not trading advice, and I am in no way liable for any losses incurred. So, will Ripple price ever bounce back? If Ripple wins, here are the things that could happen: Institutions (Big Money) pump XRP XRP gets listed on exchanges that delisted it The trend of deeming other, lesser known Cryptos a security is broken. Monday will bring the next chapter of a long-running and closely watched lawsuit against Ripple. Ripple CEO Brad Garlinghouse is mostly unfazed. Howie Test gets an update Other countries follow suit and deem XRP a currency More international banks adopt Cryptocurrency Crypto Life April 2021 Source: Larina Marina - Shutterstock According to CEO Brad Garlinghouse, Ripple could move forward in the U.S. with an "alternative solution" to XRP if it loses its lawsuit against the SEC. Moreover, this would also include the firm itself, since there are several companies that use Ripple's ODL service to source capital and initiate payments using XRP. Once the lawsuit is over, XRP will begin to be relisted on trading platforms like Binance, Coinbase, and Kraken; and then newly listed on places like Robinhood. If Ripple wins the lawsuit, then two things will happen that are terrible for the SEC: They will look weak losing a large, high profile lawsuit. The SEC does not like losing lawsuits. The plaintiff, Bradley Sostack, has until the end of the day to file a response to the startup's . According to the crypto analyst, the lawsuit between Ripple Labs and the SEC, which was filed in December of 2020 on allegations that XRP was sold as an unregistered security, could ultimately provide regulatory clarity for the token while the rest of the space ends up in limbo. This will broaden the definition of the Howey test, setting a legal precedent that could result in other similar cryptocurrencies also being classified as securities. The SEC is known for its doggedness and if this happens, Ripple will be thrown down the rabbit hole. They know XRP can and will eventually surpass Bitcoin and Etherium which are version 1.0 of digital assets (outdated and energy wasting technology). On the most bullish side of things, PrimeXBT thinks a lawsuit victory can send XRP values skyrocketing. Monday, February 22, 2021. The price will rise significantly to around $10-15. In any case, further fate will depend on the final positioning of the token. But what would happen to XRP price if the US court recognized the asset as a commodity and put an end to the ongoing lawsuit? Ripple labs defends itself that XRP is a cryptocurrency and therefore falls outside of the SEC jurisdiction. dan saada January 24, 2022 On December 22, 2020, the SEC filed a lawsuit against Ripple Labs and two of its executives. IF SEC wins, ripple burns 55% of all XRP which to the best of my knowledge means XRP goes up in value but maybe cripples da ripples plans for global implementation but this is purely speculative of course. Recently, case judge Analisa Torres delivered some orders in the favor of Ripple. Hi guys, I know that if XRP win in the court and declare as not security it will be fantastic. Certainly, the . Therefore, the top management of Ripple plans to defend its . In the motion, Ripple made many arguments, but none of them addressed the question about XRP. The crypto community is extremely curious about what will happen to Ripple Labs and the token asset XRP, after the U.S. Securities and Exchange Commission (SEC) recently filed a lawsuit against . The agency first launched into a lawsuit in December against Ripple Labs' CEO Brad .
