XRP The GREAT SHAKEOUT
- Flip the switch!
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*The opinions expressed in the Blog are for general informational purposes only and are not intended to provide specific advice or recommendations for any individual or on any specific or investment product. It is only intended to provide education about the financial industry*
*Opinions expressed are solely my own*
**Ripple Giant player in Crypto Space asking for clarity for more then 3 years!**
SEC sues Ripple and two executives for selling XRP !
The US Securities and Exchange Commission filed a lawsuit against Ripple Labs 12.22.2020., its CEO, and its chairman, for illegally selling unregistered securities worth $1.3 billion.
In this Document provided here you can notice that in 2015
Department of Justice identifies XRP as a virtual currency
In October of 2020, the CEO said in a tweet the company would move its headquarters to another country if the regulatory view on cryptocurrencies in the United States didn't get clarified.
Here you can see Ripple Timeline and what the company accomplished by now!
So for more then 3 years Ripple is trying to provide clarity for XRP that is virtual currency ,and not security!
SEC Chairman Jay Clayton filed a lawsuit on Dec. 22.
SEC Chairman Jay Clayton informed Trump about stepping down on Dec. 23.
Unbelievable moves in very short timeframe, It seems like Jay Clayton is disconnected from the news and other sources of information.
Elad Roisman has been appointed to chair the U.S. Securities and Exchange Commission
I think this lawsuit will benefit XRP and Ripple in long run,
after lawsuit has settled(we know courts can take a while, but innovation and competition are not waiting for any one)
XRP will have Clarity as a legal currency!
From that point anything can happen, mass adoption ,price appreciation , retail store`s FOMOing with other business`s!
SEC Lawsuit has pointed a lot of eyes in Ripple and crypto direction! and that is a good thing!
I think switch is flipped and from this point forward we will move just up and up!( of course with a bit of sell-offs we can`t have a straight line :D )
Yoshitaka Kitao CEO of SBI Holdings comment on lawsuit!
Ripple and XRP will win and prevail this fight, Brad and Chris might have to pay some fine, to settle with SEC.
XRP will get Clarity faster then expected!
US need innovation leader in crypto space it is already behind!
With this lawsuit many of US government officials has noticed that and they will jump to help US based Company!
We will prevail this fight, and show the world the power of XRP!
Happy Christmas ! Enjoy the holidays
X(rp)O – X(rp)O – X(rp)O
Merry Christmas
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