Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Other Popular Cryptos / Coins => XRP - Ripple Forum => Topic started by: James Anderson on January 11, 2024, 12:00:32 PM
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What if the SEC and Ripple made a deal? For some reason I keep thinking that a deal was made for Ripple Labs to burn all XRP in escrow.
Is that possible?
How would this impact the price?
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What made you think that? I don't understand why they would do that when the SEC is only concerned about the classification of XRP sales. They have no say as to how Ripple would manage the escrowed coins. This matter should be discussed with stakeholders like institutional investors and not with regulators.
How would this impact the price?
If they burn them all, that would probably have a positive effect on the market but I wonder how Ripple Labs future funding looks like.
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When two hyenas fight there is no agreement possible. Ripple and the SEC are two beasts, giants who want to be right and not give in. For money, for reputation, there are many reasons that we could mention in this thread. Burning a percentage of the XRP supply could be considered a defeat by the community (although I personally think it would be a positive) and that could drive the price down.
For its part, the SEC has all the instruments (not just money) to put pressure until it tries to find the weak point, no matter how small, to bleed the rival hyena. But looking at it from your point of view, if Ripple and the SEC could reach a deal, I don't think it would have anything to do with burning a portion of the XRP supply.
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What if the SEC and Ripple made a deal? For some reason I keep thinking that a deal was made for Ripple Labs to burn all XRP in escrow.
Is that possible?
How would this impact the price?
Why do you even think that there can be a settlement with these 2 greedy institutions ? the SEC wanted to get more money out of crypto while RP don't wanna give in ?
there is no possible way that this settlement will happen and also Burning is never be a best resort mate , because they needed to keep hold those amount.
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It's impossible to negotiate with the SEC about anything, much less solve the problem (peacefully). They are absolutely not the guys to negotiate with. On the contrary, it is necessary to fulfill all their demands so that cryptocurrency would continue to exist.
As for the SEC+XRP situation, I believe that the issue will be resolved. It is impossible to predict specific lines as much as dates. It will affect the price +/- a little bit.
P.S. Purely as I see the outcome of this situation. Absolutely not obsessive thoughts. 8)
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When two hyenas fight there is no agreement possible. Ripple and the SEC are two beasts, giants who want to be right and not give in. For money, for reputation, there are many reasons that we could mention in this thread. Burning a percentage of the XRP supply could be considered a defeat by the community (although I personally think it would be a positive) and that could drive the price down.
For its part, the SEC has all the instruments (not just money) to put pressure until it tries to find the weak point, no matter how small, to bleed the rival hyena. But looking at it from your point of view, if Ripple and the SEC could reach a deal, I don't think it would have anything to do with burning a portion of the XRP supply.
Torres’ ruling stated that institutional sales of Ripple’s XRP token do constitute an unregistered securities offering, but programmatic sales – those done via crypto exchanges – do not[1].
Ripple won against the SEC when XRP is not a security. The current problem is that Ripple directly sells XRP to large investors.
To me, the rest of the SEC lawsuit is not important and its impact on XRP cir.supply or the fine payment (if any) will not weaken Ripple.
We will continue to follow the SEC and Ripple settle on this matter, but I have gone from worried to optimistic when thinking about XRP token future in upcoming bullrun 8)
[1] SEC and Ripple ‘at an impasse’ as legal drama moves closer to an end (https://blockworks.co/news/sec-letter-ripple-case)
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Ripple won against the SEC when XRP is not a security.
Every topic made I always see the final result of a thread to find the conclusion and the result is that this ripple coin wins against SEC because this ripple coin is not security.
If I'm not mistaken about this topic if this ripple coin is a coin created for super fast payments, not coins created for security, right?
SEC is aiming for and auditing the ripple coin in terms of security and certainly loses because ripple coins are not such coins.
What makes me very interested in SEC is that there are always interfere in various coins in Cryptocurrency, like clowns that always disturb small children. LOL
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It's impossible to negotiate with the SEC about anything, much less solve the problem (peacefully). They are absolutely not the guys to negotiate with. On the contrary, it is necessary to fulfill all their demands so that cryptocurrency would continue to exist.
As for the SEC+XRP situation, I believe that the issue will be resolved. It is impossible to predict specific lines as much as dates. It will affect the price +/- a little bit.
P.S. Purely as I see the outcome of this situation. Absolutely not obsessive thoughts. 8)
Yeah, I think No negotiation between SEC and XRP.
SEC just ask XRP to fulfill their demands.
But TBH, nice to hear XRP solved this problems.
It need long time , maybe around 3 years we heard about this problem.
Im XRP holder, and want to gain profit from this coin, hopefully the price will increase significantly after this problem solved
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Yeah, I think No negotiation between SEC and XRP.
SEC just ask XRP to fulfill their demands.
But TBH, nice to hear XRP solved this problems.
It need long time , maybe around 3 years we heard about this problem.
Im XRP holder, and want to gain profit from this coin, hopefully the price will increase significantly after this problem solved
Negotiations may happen - but they will be of the format: "Sec for the umpteenth time, tells the project that they are not satisfied." And that could last, for years to come.
I'm sorry, what did they decide? I wrote: "believe they will resolve the issue".
P.S. Like any other buyer, I wish this problem to be resolved as soon as possible. Everything is purely at your own risk. Alas, no one knows the future. 8)
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Good,good and good in my opinion!
This means that this SEC acquiring the finances of Ripple and Ripple can be added again by all the wider community.
As well as termites that are always in our beautiful homes, this termites are very annoying and can destroy our homes at any time. :-\
Just waiting for time for ripples to be accepted by SEC and of course later after the ripple is received by the SEC price and all that is in the aspect of the ripple coin will definitely rise. :o
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When two hyenas fight there is no agreement possible. Ripple and the SEC are two beasts, giants who want to be right and not give in. For money, for reputation, there are many reasons that we could mention in this thread. Burning a percentage of the XRP supply could be considered a defeat by the community (although I personally think it would be a positive) and that could drive the price down.
For its part, the SEC has all the instruments (not just money) to put pressure until it tries to find the weak point, no matter how small, to bleed the rival hyena. But looking at it from your point of view, if Ripple and the SEC could reach a deal, I don't think it would have anything to do with burning a portion of the XRP supply.
I agree with your words. I also really doubt why XRP and SEC would merge. And if they do, they can make it official. But let's see what happens in the future
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I agree with your words. I also really doubt why XRP and SEC would merge. And if they do, they can make it official. But let's see what happens in the future
I wasn't referring to any type of fusion or anything like that @MVL~$, maybe I expressed myself wrong. What I was referring to is that it seems very strange to me that the SEC would simply close all the alleged charges it has against Ripple and turn the page. Although at the moment things are going in Ripple's favor, I wouldn't find it strange if the SEC continued searching the depths of the earth for something to try to bring down Ripple.
If Ripple were to emerge victorious from all of this, the SEC would lose credibility in the eyes of the world, and that is something I believe they cannot allow. That's why I mentioned hyenas in my last post, because the fight is always until the end.
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When two hyenas fight there is no agreement possible. Ripple and the SEC are two beasts, giants who want to be right and not give in. For money, for reputation, there are many reasons that we could mention in this thread. Burning a percentage of the XRP supply could be considered a defeat by the community (although I personally think it would be a positive) and that could drive the price down.
For its part, the SEC has all the instruments (not just money) to put pressure until it tries to find the weak point, no matter how small, to bleed the rival hyena. But looking at it from your point of view, if Ripple and the SEC could reach a deal, I don't think it would have anything to do with burning a portion of the XRP supply.
I agree with your words. I also really doubt why XRP and SEC would merge. And if they do, they can make it official. But let's see what happens in the future
This arguments has been in the table for how many years now yet no clarity meaning one of them don't wanna give way , the government will never let this Money making passed like that while XRP team don't wanted to let SEC taking big chunks from them so how could there be a settlement ?
it is more than impossible to happen lol.
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This arguments has been in the table for how many years now yet no clarity meaning one of them don't wanna give way , the government will never let this Money making passed like that while XRP team don't wanted to let SEC taking big chunks from them so how could there be a settlement ?
it is more than impossible to happen lol.
I also don't think both parties will reach an agreement. Neither Ripple nor the SEC want to give in and, like I said, give the public a chance to see the weakness of either of them. The SEC will continue to press looking for weak points, such as the hacking of some of Chris Larsen's wallets. That point is crucial, since the SEC can argue about the little or no security (something we know is not true) of Ripple's products, thus finding a loophole to continue searching. I think now is when Ripple will have to expose and demonstrate that its products have the necessary technology and security to protect users' privacy and funds.
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I also don't think both parties will reach an agreement. Neither Ripple nor the SEC want to give in and, like I said, give the public a chance to see the weakness of either of them. The SEC will continue to press looking for weak points, such as the hacking of some of Chris Larsen's wallets. That point is crucial, since the SEC can argue about the little or no security (something we know is not true) of Ripple's products, thus finding a loophole to continue searching. I think now is when Ripple will have to expose and demonstrate that its products have the necessary technology and security to protect users' privacy and funds.
It is worth noting that the Ripple management has already spent a lot of money on lawyers. Thus, they show their community that they are not going to give up and will go all the way in the dispute against the SEC. In fact, the SEC has only one clue left in this dispute: the institutional sales of XRP. And I think it could be a problem for Ripple as the judge already ordered (https://twitter.com/EleanorTerrett/status/1754551051003326824) them to provide 2022-23 financial statements and other information about it.
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I also don't think both parties will reach an agreement. Neither Ripple nor the SEC want to give in and, like I said, give the public a chance to see the weakness of either of them. The SEC will continue to press looking for weak points, such as the hacking of some of Chris Larsen's wallets. That point is crucial, since the SEC can argue about the little or no security (something we know is not true) of Ripple's products, thus finding a loophole to continue searching. I think now is when Ripple will have to expose and demonstrate that its products have the necessary technology and security to protect users' privacy and funds.
Did you read last week's news, about the XRP hijacking of co-founder Chris Larsen? - Read it, it's a very interesting situation.
Source: https://twitter.com/chrislarsensf/status/1752702297971532258
About the SEC and the court case. I believe that the situation will be resolved if XRP is as transparent as possible + if they cooperate. It can't be any other way. Or SEC will not leave them alone. Not much of a choice.
There is such interesting news related to the SEC.
"The court ordered Ripple to provide the SEC with financial statements for 2022-202. The documents, according to the Commission, may help the regulator prove the cryptoproject's guilt in the illegal issuance and sale of securities in the form of XRP."
Source: https://decrypt.co/215861/judge-says-ripple-must-hand-over-financial-statements-to-sec
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I also don't think both parties will reach an agreement. Neither Ripple nor the SEC want to give in and, like I said, give the public a chance to see the weakness of either of them. The SEC will continue to press looking for weak points, such as the hacking of some of Chris Larsen's wallets. That point is crucial, since the SEC can argue about the little or no security (something we know is not true) of Ripple's products, thus finding a loophole to continue searching. I think now is when Ripple will have to expose and demonstrate that its products have the necessary technology and security to protect users' privacy and funds.
Did you read last week's news, about the XRP hijacking of co-founder Chris Larsen? - Read it, it's a very interesting situation.
Source: https://twitter.com/chrislarsensf/status/1752702297971532258
About the SEC and the court case. I believe that the situation will be resolved if XRP is as transparent as possible + if they cooperate. It can't be any other way. Or SEC will not leave them alone. Not much of a choice.
There is such interesting news related to the SEC.
"The court ordered Ripple to provide the SEC with financial statements for 2022-202. The documents, according to the Commission, may help the regulator prove the cryptoproject's guilt in the illegal issuance and sale of securities in the form of XRP."
Source: https://decrypt.co/215861/judge-says-ripple-must-hand-over-financial-statements-to-sec
This is another issue that XRP team must answer and prove , Another wondering what would be the stand of the team about this knowing that they have just taken the first problem last year and now with the Hijacking and now this regulations issue , this is something investors must take a look if they will continue or leave the support and migrate to other coins that has a clear future than this one.
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This is another issue that XRP team must answer and prove , Another wondering what would be the stand of the team about this knowing that they have just taken the first problem last year and now with the Hijacking and now this regulations issue , this is something investors must take a look if they will continue or leave the support and migrate to other coins that has a clear future than this one.
I believe XRP will resolve this problem, as the problem before . I'm confusing why XRP always have problem with SEC. XRP is good coin, cheap transaction fee and fast transaction. I use this coin for my transaction since several years ago. Hopefully it will pass soon. I'm one of XRP fans.
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What if the SEC and Ripple made a deal? For some reason I keep thinking that a deal was made for Ripple Labs to burn all XRP in escrow.
Is that possible?
How would this impact the price?
Such deals can actually be done by large institutional investors. Repool Coin has the largest number of investors due to which such contracts are not possible on this platform. Here the holders will face the biggest loss, not all the holders have invested the same amount so the XRP company will not sign the contract to the detriment of the holders. This type of deal is a nightmare, so I don't think it will be accepted.