So, for better or worse, XRP crypto is going to live and die on the resolution of this lawsuit. TOTAL XRP DISTRIBUTED 48,697,761,612*. 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. 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. In any case, further fate will depend on the final positioning of the token. The lawsuit claims that Ripple illegally sold unregistered securities to the public by selling XRP for the past eight years. The San Francisco firm also has 48 billion more XRP . 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. The class action lawsuit alleges that Ripple issued and sold the coin, one of the largest by market cap . It has been passed by Tether and Litecoin. . 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. 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. Fortunately, things seem to be leaning in favor of Ripple especially after reports that the U.S regulator erased documents that were sensitive to the case. See the XRP News, what XRP is, and the prediction of a legal expert of when XRP will win the 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 case, when it becomes public knowledge, will be a pivotal moment for the cryptocurrency industry, and it could shape how crypto projects launch in the future. This comes after Ripple co-founder Chris Larsen said that the company would keep its . When (Not IF) Ripple wins that baseless lawsuit, expect the price to 20x in few days. Meanwhile, XRP, the token associated with Ripple shot above the psychologically important $1 level on Monday. Wild Predictions Call XRP to Break Above $500 Until 2017 it managed to reach above $0.01, but in March and April . In this video Ripple (XRP) is discussed. Penny Crosman. 165 tel 0172-33-5551 fax 0172-33-7200. Experts have said that a Ripple Lawsuit settlement could happen this month. It's not looking particularly good for SEC if i'm honest but time will tell once the dust settles. In the motion, Ripple made many arguments, but none of them addressed the question about XRP. An SEC lawsuit filed in December accuses Ripple of violating federal securities laws. A prolonged legal battle, which may hold the key to XRP's future, has been extended again. So the next question is what exactly will happen to XRP, especially related to the XRP price prediction after this lawsuit ends. 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. 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. XRP Reach $35,000 After They Win The Lawsuit, Ripple XRP Price Chart | SEC Lawsuit Update. If [XRP], in fact, is a security, we would have to get a broker-dealer license. On December 22, 2020, the SEC filed a lawsuit against Ripple Labs and two of its executives. XRP's price crashed by 51% to $0.25, as news of the SEC's case broke across crypto media. . Certainly, the good news would create an atmosphere of optimism that XRP would benefit from. XRP prices have been surging recently after a series of legal victories on Ripple's end against the SEC. 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 . 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. Analysts believe Ripple is on course to win the SEC lawsuit. The plaintiff, Bradley Sostack, has until the end of the day to file a response to the startup's . Ripple is a real-time gross settlement system, currency exchange, and remittance network created by Ripple Labs Inc., a US-based technology company. The SEC's motion to strike Ripple's Fair Notice defense is the most important of the case so far. 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. Monday will bring the next chapter of a long-running and closely watched lawsuit against Ripple. The US Securities and Exchange Commission's (SEC) 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. They know XRP can and will eventually surpass Bitcoin and Etherium which are version 1.0 of digital assets (outdated and energy wasting technology). If Ripple Labs wins the SEC lawsuit, XRP could potentially rise. Situation Doesn't Look Encouraging What arguably should affect your decision on XRP is . 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 founder of Crypto-Law.us, lawyer and XRP proponent John Deaton believes Ripple will win based on its current defense. Screenshot this. 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. 106 Just ignore the FUD and the XRP haters. With this evidence permitted in trial, Ripple has increased its chances of winning. Hi guys, I know that if XRP win in the court and declare as not security it will be fantastic. XRP/USD 1-week chart 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. The SEC would be in a common enterprise with all the XRP holders. Situation Doesn't Look Encouraging What arguably should affect your decision on XRP is . But according to the CEO, more than 90 . Milagros Bell , works at Creative Writers The rise is being attributed to the exuberance of the so-called XRP army by a commentator. $35,000 XRP Price Prediction When They Win The SEC Lawsuit? 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? Is the XRP will be convert to stock? It recovered slightly to trade at $0.37 over the weekend. So What happens if XRP wins the SEC lawsuit, because in all fairness this certainly is a possibility, what happens next? 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. The first serious action took place in 2013, when the agency . The lawsuit's outcome will trigger a selloff or heavy buying for XRP depending on the outcome. So, will Ripple price ever bounce back? 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 Better yet, the 40 billion dollar question, according to the XRP market cap. Before the SEC filed the case, the outlook for XRP was positive, even if it did not make many optimistic. After all, back in 2015, Ripple Labs compromised with FinCEN, which recognized XRP as a convertible virtual currency. But the odds are that by this time next year, XRP . Expect the crypto to be very volatile as a result. The SEC does not like losing lawsuits. They think a win against the SEC can precede gains of up to $16. XRP operations outside of the US. World famous YouTuber Daniel Keem bought 1 million XRP worth $276,600 to profit from a Ripple-favoring outcome of the SEC lawsuit. Ripple Labs won a major victory in the XRP (CRYPTO:XRP) pre-trial hearings last week. Every disclosure related to the case has only benefited Ripple and proved to be a big mistake done by SEC. "It would be one of the biggest settlements in SEC history. XRP has enjoyed an incredible price shoot over the weekend and has become the best-performing cryptocurrency. The War On Ripple/XRP: 1st They Ignore Us, Then They Laugh, Then They Fight Us, & Then We Win. They think a win against . 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. Ripple used the money to fund its operations, according to the SEC. 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. In the days following the revelation of the lawsuit, XRP, the native crypto of Ripple, had dropped significantly in value. At the beginning of 2021, XRP was trading for around $0.22 but the . To date, Ripple vs SEC lawsuit has seen many big revelations, and the XRP defendant believes that there are more to come. Make sure you check out otherXRP Rip. However, it should be noted that even if Ripple manages to win the fair notice motion, it doesn't guarantee a win during the trial. Ripple has also won a 'Discovery case' against the SEC. "Those implications could cause the SEC to avoid a trial or Summary Judgment. The SEC has been breathing down the necks of crypto firms for years, occasionally lashing out with warnings, lawsuits, and penalties. According to the crypto analyst, the lawsuit between Ripple Labs and the SEC, which was filed in December of 2020 on allegations that XRP was sold as an unregistered security, could ultimately provide regulatory clarity for the token while the rest of the space ends up in limbo. Clarifying the same, Hynes added, "Winning on this motion does not mean the defense will win on trial. Make sure you check out otherXRP Rip. Winning this motion is not an indicator that the judge will . The lawsuit was filed in July 2018 by some XRP investors alleging that . 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. Become an NFT Landowner Now! This decline has pushed Ripple from the third-biggest cryptocurrency in the world to the current fifth. Monday, February 22, 2021. dan saada January 24, 2022 On December 22, 2020, the SEC filed a lawsuit against Ripple Labs and two of its executives. It is also still cheap (in between $0.43 to $0.57). "The reason why I still hold such a massive amount of XRP . According to the "XRP Researcher", the XRP price could increase by more than 2000% after the SEC lawsuit. Therefore, the top management of Ripple plans to defend its . Ripple CEO Brad Garlinghouse is mostly unfazed. 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. This growth was supposed to continue at the beginning of 2021, but this could not happen due to the announcement of the SEC's lawsuit. THIS IS CRAZY! Most people think that Ripple will eventually prevail in its SEC lawsuit. But, what if they loose and the court says "Ok, XRP is a security." Any idea what will happen? Anybody can give best . That could be part of why XRP is down less than other cryptos. 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 price will rise significantly to around $10-15. But the lawsuit cuts its breakout short and makes a Ripple price prediction trajectory more challenging, unlike other digital currencies. John Deaton enlightens that, If the U.S SEC wins its claim over its allegations against Ripple. We are rapidly approaching a key date in the Ripple Labs lawsuit . 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. XRP: Going from Long to Short. 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. This weekend has been . 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. On the most bullish side of things, PrimeXBT thinks a lawsuit victory can send XRP values skyrocketing. A lot of factors come into play. It's just that it can be argued at trial. The price is currently at $0.2965, which is 75% below last year's high of $0.9187. The judge ruled for a second time that Ripple could use written statements by an SEC official that damage the SEC's own case. Other blockchain firms have faced similar lawsuits and settled quickly, so this may not harm Ripple. The value of the token reached $0.8 before the end of the year. CEO Garlinghouse indicates solution By Jake Simmons 2. These two ver. The news of the lawsuit will have ripple effects throughout the entire crypto sphere (pun intended). Thus, I wouldn't let the noise of the Ripple lawsuit affect your decision-making process regarding XRP. Case revelations helping Ripple. Howie Test gets an update Other countries follow suit and deem XRP a currency More international banks adopt Cryptocurrency Crypto Life Thus, I wouldn't let the noise of the Ripple lawsuit affect your decision-making process regarding XRP. 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 . XRP Lawsuit: A Huge Win Secured! More importantly, though, it would. The agency first launched into a lawsuit in December against Ripple Labs' CEO Brad . Ripple has disputed the SEC's findings, arguing XRP should be treated as a virtual currency rather than an investment contract like a stock. As of this writing, it is changing hands at $0.29. The lawsuit claims that Ripple illegally sold unregistered securities to the public by selling XRP for the past eight years. The lawsuit, which was filed in federal district court in Manhattan, accuses Ripple and its two co-founders of raising over $1.3 billion through "an unregistered, ongoing securities offering for digital assets." The SEC also alleges that Ripple Labs also used billions of XRP in exchange for non-cash consideration, such as labor and market .