SEC - XRP

[NikeFit_7777]

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

[bitterguy28]

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.

[therozaq]

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.

[Papusha20]

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.