The founder of Crypto-Law.us, lawyer and XRP proponent John Deaton believes Ripple will win based on its current defense. Ripple and other parties have since countered with claims that the SEC is biased in its assessment. In the motion, Ripple made many arguments, but none of them addressed the question about XRP. The War On Ripple/XRP: 1st They Ignore Us, Then They Laugh, Then They Fight Us, & Then We Win. Which can put an end to the lawsuit even in the next 30 days. Ripple Lawsuit Win Will Not Determine XRP Fate. Better yet, the 40 billion dollar question, according to the XRP market cap. 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. 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. World famous YouTuber Daniel Keem bought 1 million XRP worth $276,600 to profit from a Ripple-favoring outcome of the SEC lawsuit. Ripple has also won a 'Discovery case' against the SEC. That could be part of why XRP is down less than other cryptos. Ripple currently holds $6.4 billion XRP directly. If all the XRP is burnt, it could be the best buying opportunity in the space. This is what some Fund Managers are predicting when ripple gets regulatory clarity.Hit that subsc. The lawsuit was filed in July 2018 by some XRP investors alleging that . Make sure you check out otherXRP Rip. The lawsuit's outcome will trigger a selloff or heavy buying for XRP depending on the outcome. Ripple has disputed the SEC's findings, arguing XRP should be treated as a virtual currency rather than an investment contract like a stock. THIS IS CRAZY! 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. 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. Most people think that Ripple will eventually prevail in its SEC lawsuit. The claim is that they traded $1.3 billion in their cryptocurrency XRP as a security without registering it with the SEC. The SEC is known for its doggedness and if this happens, Ripple will be thrown down the rabbit hole. Ripple CEO Brad Garlinghouse is mostly unfazed. The SEC would be in a common enterprise with all the XRP holders. XRP/USD 1-week chart Hi guys, I know that if XRP win in the court and declare as not security it will be fantastic. January 2021. So the next question is what exactly will happen to XRP, especially related to the XRP price prediction after this lawsuit ends. So, for better or worse, XRP crypto is going to live and die on the resolution of this lawsuit. 165 tel 0172-33-5551 fax 0172-33-7200. Howie Test gets an update Other countries follow suit and deem XRP a currency More international banks adopt Cryptocurrency Crypto Life The first serious action took place in 2013, when the agency . 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. "It would be one of the biggest settlements in SEC history. Thus, I wouldn't let the noise of the Ripple lawsuit affect your decision-making process regarding XRP. According to Brad Garlinghouse, Ripple CEO, the SEC is ready to slap the firm with a lawsuit related to selling unregistered securities: the company's XRP token. Expect the crypto to be very volatile as a result. Could a lawsuit win save it? This is why the memo and evidence tweeted out below by @digitalassetbuy . $35,000 XRP Price Prediction When They Win The SEC Lawsuit? 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. With this evidence permitted in trial, Ripple has increased its chances of winning. If Ripple wins the lawsuit against the SEC, there is a high probability that XRP price will shatter its previous record high at $3.31 and make its way higher. John Deaton enlightens that, If the U.S SEC wins its claim over its allegations against Ripple. September 21, 2019. More importantly, though, it would. If Ripple Labs wins the SEC lawsuit, XRP could potentially rise. A lot of factors come into play. Make sure you check out otherXRP Rip. The claim is that they traded $1.3 billion in their cryptocurrency XRP as a security without registering it with the SEC. You need to decide how to use XRP - as a means of payment or an investment asset. 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 . Initially we were expecting a final verdict will be given somewhere in October but recent findings have shown a summary judgment will happen somewhere in August. But, what if they loose and the court says "Ok, XRP is a security." Any idea what will happen? 106 If #XRP were to hit $5, Ripple could sell 10% of the monthly unlocked escrow and pay a settlement / fine totaling as high as $500 million - providing Gensler with a big public victory & bragging rights. 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. Ripple Labs won a major victory in the XRP (CRYPTO:XRP) pre-trial hearings last week. Several exchanges, mainly in the United States, have delisted XRP. Case revelations helping Ripple. XRP operations outside of the US. Monday will bring the next chapter of a long-running and closely watched lawsuit against Ripple. After all, back in 2015, Ripple Labs compromised with FinCEN, which recognized XRP as a convertible virtual currency. XRP: Going from Long to Short. The company sold more than 14.6 billion units of XRP for $1.38 billion to fund Ripple's operations, and to enrich its founders and current CEO, without registering those offers and sales of XRP with the commission, according to the suit. The most important are Ripple winning the lawsuit and positive . A prolonged legal battle, which may hold the key to XRP's future, has been extended again. About 47 billion XRP is in circulation, and the XRP ledger is open-source with hundreds of developers. Ripple and other parties have since countered with claims that the SEC is biased in its assessment. 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. In the UK and in many countries in Asia, such as Japan, XRP has already acquired the title of crypto asset, therefore . 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. Clarifying the same, Hynes added, "Winning on this motion does not mean the defense will win on trial. 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. This comes after Ripple co-founder Chris Larsen said that the company would keep its . Thus, I wouldn't let the noise of the Ripple lawsuit affect your decision-making process regarding XRP. It's not looking particularly good for SEC if i'm honest but time will tell once the dust settles. Wild Predictions Call XRP to Break Above $500 The price history of XRP since its launch in 2013 shows a price fluctuation. But according to the CEO, more than 90 . "Those implications could cause the SEC to avoid a trial or Summary Judgment. These two ver. Ripple price (XRP) has been under pressure recently. Ripple nevertheless intends to fight the lawsuit. So, will Ripple price ever bounce back? The lawsuit claims that Ripple illegally sold unregistered securities to the public by selling XRP for the past eight years. It recovered slightly to trade at $0.37 over the weekend. It's just that it can be argued at trial. Become an NFT Landowner Now! . Winning this motion is not an indicator that the judge will . 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. 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. Just ignore the FUD and the XRP haters. See the XRP News, what XRP is, and the prediction of a legal expert of when XRP will win the SEC lawsuit. This decline has pushed Ripple from the third-biggest cryptocurrency in the world to the current fifth. At the beginning of 2021, XRP was trading for around $0.22 but the . So What happens if XRP wins the SEC lawsuit, because in all fairness this certainly is a possibility, what happens next? XRP has enjoyed an incredible price shoot over the weekend and has become the best-performing cryptocurrency. . The SEC does not like losing lawsuits. Situation Doesn't Look Encouraging What arguably should affect your decision on XRP is . Here's why that matters to XRP (CRYPTO:XRP) holders. 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? But the odds are that by this time next year, XRP . In essence, Ripple Labs stands accused by the SEC (the Securities and Exchange Commission) of having sold almost $1.4 billion worth of XRP in (what the lawsuit claims are) "unregistered digital asset securities sales" ever since 2013. 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. what happens if xrp burn coins what happens if xrp burn coins Since the lawsuit, Ripple has signed 20 new customers outside the US. 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? The SEC lawsuit revolves around whether or not Ripple Labs did an unlawful thing while selling its XRP token to raise funds for its blockchain platform in 2017, a move that would deem the entire event as a securities sale. TOTAL XRP DISTRIBUTED 48,697,761,612*. Anybody who's buying and selling XRP in the United States would have to get a broker-dealer license." The head of the San Francisco startup has publicly discussed the possibility of the firm moving to friendlier regulatory jurisdictions, or at the least, regions . Anybody can give best . Every disclosure related to the case has only benefited Ripple and proved to be a big mistake done by SEC. 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. The price is currently at $0.2965, which is 75% below last year's high of $0.9187. If Ripple Labs wins the SEC lawsuit, XRP could potentially rise. The judge ruled for a second time that Ripple could use written statements by an SEC official that damage the SEC's own case. Until 2017 it managed to reach above $0.01, but in March and April . The rise is being attributed to the exuberance of the so-called XRP army by a commentator. We are rapidly approaching a key date in the Ripple Labs lawsuit . The regulator reportedly failed to hand over internal documents despite judicial orders to do so. According to present data SHIBA INU (SHIB) and potentially its market environment has been in a bullish cycle in the last 12 months (if exis The US Securities and Exchange Commission's (SEC) lawsuit against . The SEC's motion to strike Ripple's Fair Notice defense is the most important of the case so far. CEO Garlinghouse indicates solution By Jake Simmons 2. It has been passed by Tether and Litecoin. On December 22, 2020, the SEC filed a lawsuit against Ripple Labs and two of its executives. In this video Ripple (XRP) is discussed. An SEC lawsuit filed in December accuses Ripple of violating federal securities laws. The lawsuit claims that Ripple illegally sold unregistered securities to the public by selling XRP for the past eight years. This does not include the talks of the Ripple settlement. In the next section, I'll explore what could happen to XRP if Ripple Labs wins its SEC lawsuit. Before the SEC filed the case, the outlook for XRP was positive, even if it did not make many optimistic. The agency first launched into a lawsuit in December against Ripple Labs' CEO Brad . 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. Recently, case judge Analisa Torres delivered some orders in the favor of Ripple. Therefore, the top management of Ripple plans to defend its . The SEC does not like losing lawsuits. But the lawsuit cuts its breakout short and makes a Ripple price prediction trajectory more challenging, unlike other digital currencies. Certainly, the . News of the action pummeled the price of the XRP token at a . They think a win against the SEC can precede gains of up to $16. In a part of his Axios interview that wasn't aired by HBO on March 7, Ripple CEO Brad Garlinghouse mentioned that his company may move out of the U.S. if it loses its much-talked-about legal battle with the U.S. Securities and Exchange Commission. So What happens if XRP wins the SEC lawsuit, because in all fairness this certainly is a possibility, what happens next? This news was brought to you by OVR - the largest decentralized AR Metaverse. XRP prices have been surging recently after a series of legal victories on Ripple's end against the SEC. If [XRP], in fact, is a security, we would have to get a broker-dealer license. The motion, filed on behalf of XRP holders, was responded to by both parties a few days ago. "The reason why I still hold such a massive amount of XRP . In the days following the revelation of the lawsuit, XRP, the native crypto of Ripple, had dropped significantly in value. 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. They think a win against . The San Francisco firm also has 48 billion more XRP . The plaintiff, Bradley Sostack, has until the end of the day to file a response to the startup's . However, it is not so simple for XRP. They know XRP can and will eventually surpass Bitcoin and Etherium which are version 1.0 of digital assets (outdated and energy wasting technology). XRP's price crashed by 51% to $0.25, as news of the SEC's case broke across crypto media. Ripple used the money to fund its operations, according to the SEC. The US regulator alleges that the San Francisco-based fintech raised $1.3 billion over a seven-year period, and names Ripple Chairman Chris Larsen and the company's current CEO, Bradley Garlinghouse, in the suit. dan saada January 24, 2022 On December 22, 2020, the SEC filed a lawsuit against Ripple Labs and two of its executives. 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. 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 .