Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Other Popular Cryptos / Coins => XRP - Ripple Forum => Topic started by: msz900 on June 04, 2021, 05:11:44 AM
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Again Bad time start for the XRP owner and its users, in the recent XRP Bid, "judge has denied Ripple Labs’ request for the SEC to stop using “requests for assistance” to foreign regulators to obtain information on Ripple and XRP transactions overseas.". You can get the complete info from https://forkast.news/ripple-sec-xrp-ruling-foreign-info/ (https://forkast.news/ripple-sec-xrp-ruling-foreign-info/).
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If it does, it would be really a bad news for all XRP lovers. I also could not understand what is the future of XRP. I think if XRP team fail to submit their all documents, they will lost at the end and we will lost a heavy weight coin from market. Actually this is why this crypto market is unpredictable and anything can happen anytime. So now we have to wait for next decision otherwise quick XRP out. :D
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After completing SEC obligations about XRP we see a large number of trading volume on it. Investors were very much happy as a result the price of XRP increased massively with in few days but the current news convey frustrations especially those who are the big investors in this platform.
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It is very difficult for Ripple to beat or provide strong evidence to the SEC so that it can escape the various rules imposed on Ripple because I believe that Ripple's future is in the hands of the SEC to do better.
The SEC has given very good discretion to Ripple but this Ripple seems to have lost its way to tidying up good files to become evidence to the SEC.
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The name of the initial offer means that it is designed to be able to pass again in the second trial because Ripple has a lot of problems in their coin supply.
The first offer may be rejected but Ripple's next offer can pass because I'm sure the #DevelopmentTeam from Ripple doesn't want to have bigger problems in the future.
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It is very difficult for Ripple coins to develop further because I see that Ripple coins are really not very good for foreigners, whether these people are from which country or maybe foreigners who are in the US environment.
And if it refers to SEC rules, it is certain that this Ripple coin is something that is very valuable than others in front of the SEC's eyes because it seems that the SEC only audits Ripple coins and does not dare to audit Ethereum and Bitcoin coins. LOL