Ripple Labs is a technology company that was designed to harness efficient payments and create blockchain solutions for financial institutions. Necessary cookies are absolutely essential for the website to function properly. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. Will XRP rise if Ripple's lawsuit is dismissed? - Coinnounce You also have the option to opt-out of these cookies. As for the rulings, Deaton mentions the fight over the Deliberative Process Privilege (DPP) and a summary judgment on the fair notice defense. In terms of arriving at a reasonable prediction for the XRP price in the event of a good result, it's likely that, at the least, the altcoin will pass its 2018 record high of $3.40. You can always unsubscribe with just 1 click. If Ripple wins, here are the things that could happen: Institutions (Big Money) pump XRP. If Ripple wins the lawsuit, it will not have to pay out an additional 1.3 billion dollars, allowing it to continue working on projects. Some of the data that are collected include the number of visitors, their source, and the pages they visit anonymously. All Rights Reserved. The Ripple platform is an open source protocol which is designed to allow low cost and fast transactions. Article printed from InvestorPlace Media, https://investorplace.com/2021/07/even-if-ripple-wins-its-sec-lawsuit-the-crypto-ballgame-isnt-over/. This cookie is set by GDPR Cookie Consent plugin. Let there be a new price action. XRP gets listed on exchanges that delisted it. Please read our privacy policy and legal disclaimer. What would be the value of xrp if ripple wins the lawsuit that sec has Ripples expansion plans are in place for a win in the SEC lawsuit. The trend of deeming other, lesser known Cryptos a security is broken. Dan hold a master of finance from the ISEG (France) , Dan is also a Fan of cryptocurrencies and mining. It will almost certainly have a . Tokenizing the Titanic: New Partnership Brings Real Artifacts from Wreckage to NFT Market. If Ripple were to win the SEC lawsuit, then it would not be regulated as a securities issuer and would not have to pay out $1.3 billion. Will The SEC Appeal A Stay On Judgement If Ripple Wins The Lawsuit XRP is still in high demand as exchanges outside of the US aim to list the token, although there is skepticism about where XRP will end up. If Ripple Wins Vs. SEC, XRP Price Could More Than Double Ripple and the SEC were recently allowed to re-brief the court with new arguments on the issue amid last minute changes in the law concerning DPP. Installed by Google Analytics, _gid cookie stores information on how visitors use a website, while also creating an analytics report of the website's performance. If the Court decisions favor Ripple Labs, we could expect the XRP token and most other cryptocurrencies to be treated as currencies, not securities, in future regulations. At this point, you might be asking yourself: what in the world does this have to do with XRP? XRP seven-day price chart. Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. Regardless of the XRP lawsuits result, cryptocurrency regulation needs to be clarified so the industry can progress. These cookies will be stored in your browser only with your consent. The SEC initiated legal action against Ripple Labs based on allegations that the company had offered unregistered securities in the form of XRP tokens. As Millennials and Gen Z become the dominant consumer class, the way payments are made is changing. Entwistle confirmed that Ripple is already in talks with over 20 central banks worldwide. For now, there is no official announcement on the court's position. What Is the Best EV Stock to Buy Now? When the XRP token launched in 2012, no one expected this humble cryptocurrency to spark one of the most iconic legal battles in blockchain history - the SEC vs Ripple lawsuit. The claim is that they traded $1.3 billion in their cryptocurrency XRP as a security without registering it with the SEC. Next Week Could Be HUGE for Ripple Investors - Yahoo! Long before Ethereum was even a twinkle in Vitalik's eyes, Ripple was already one of the largest digital assets in the crypto market. We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. 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. "It now looks like a resolution will come in 2023 . US Congressman Proposes Bill to Block Federal Reserve from Creating American CBDC What's Going On? The claim is that they traded $1.3 billion in their cryptocurrency XRP as a security without registering it with the SEC. Even top exchanges like Coinbase were not immune to the pressure of the Ripple case. When the lawsuit against Ripple was filed by the SEC in late December 2020, the XRP price plummeted a staggering -72% in one week, from $0.60 to $0.17. SEC vs Ripple: Will One Lawsuit Decide the Fate of the Crypto Industry? What IF Ripple wins the lawsuit? How will this effect other projects Upgrade your inbox and get our DailyCoin editors picks 1x a week delivered straight to your inbox. Outcome of SEC v. XRP is important because the result of the SEC vs Ripple case is expected to have ongoing effects on how cryptocurrency is regulated in the United States. It was a bad start to Christmas. The Ripple lawsuit consists of reclaiming that XRP is a currency as a part of XRP digital assets. #XRPHolders get to finally see which technology wins. Ripple wins. First only by a few nations, and eventually by all the nations. What will happen to the dozens of banks? Sources close to the matter revealed Ripples interest in aiding the roll-out of CBDCs for central banks worldwide. With XRP being the token of contention, the case outcome will likely impact the asset's price. Cardano (ADA) price sees bulls leaving the scene as ADA tanks on Friday morning. ByJibin George. If US regulators fail to make more accurate US blockchain regulations, Ripple is considering relocating, as its usability and centralized nature is beneficial for the financial system. Originally launched in 2012, Ripple aimed to be a fast and affordable way to transfer various fiat currencies across borders. Ripple lawsuit, but no answer has been able to satisfy the inquiring minds. XRP Price Prediction - What Will Happen to Price if Ripple Wins SEC Lawsuit? John Deaton enlightens that, If the U.S SEC wins its claim over its allegations against Ripple. By clicking Accept All, you consent to the use of ALL the cookies. Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. Ripple could have exactly what it needs to win over the judges. Inexplicably, the first baseman bought it and chaos erupted. However, you may visit "Cookie Settings" to provide a controlled consent. The cookie is used to store the user consent for the cookies in the category "Analytics". Ripple CEO Discusses Potential Outcomes of SEC Lawsuit Over XRP Ripple Labs would likely need to face the music and pay significant fines. The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. XRP Price Prediction if It Wins Lawsuit - Investing.com If Ripple wins its case, it will not have to pay out any money and will be able to continue working on projects like those mentioned above. All rights reserved. Ripple has made it pretty clear that it believes it will win its lawsuit. To be derived from the efforts of others: The final requirement implies that all profits are earned from the work and efforts of others. About 47 billion XRP is in circulation, and the XRP ledger is open-source with hundreds of developers. Following that, he asked whether Ripple had the authorization to operate in the United States until the final decision . The winning argument Ripple makes will be added to case law for future cases. Community Musings: Ripple and XRP will only have an advantage moving forward. Follow On the date of publication, Josh Enomotoheld a LONG position inXRP, ETH and BTC. . Therefore, if Ripple can juxtapose similarities between XRP with ETH with the implication that XRP is a crypto coin, not a security it further bolsters the defendants case. Ripple Labs, Inc. is still creating new business opportunities by expanding its operations with Japanese banks and leading a new ledger project for central banks. What is an STO (Security Token Offering). Unfortunately for blockchain proponents, the Ripple lawsuit may not be a one-and-done situation; that is, a win doesn't mean the SEC will forever ignore cryptocurrencies. Settle the case and flip the switch Brad. What happens if Ripple wins the lawsuit? Stuart Alderoty, the Chief Legal Officer of Ripple said that a summary judgment is expected any day now. How are things shaping up for XRP holders in the Supreme Court, and what can we expect to happen after the dust has settled? Theres a way for the Ripple case to end and all parties win. By press time, XRP was trading at $0.37. The XRP price has fallen by 7% in the past 24 hours, dropping to $0.452427 amid a generalized fall in the wider cryptocurrency market. In the ongoing is-it-or-is-it-not-a-security debate, XRP finds itself at the center of a much larger discussion. Unlike Bitcoin, which holds an intrinsic value and is not a security according to the SEC, XRP facilitates money transfers between different countries and financial institutions. The SEC wins. dan saada January 24, 2022 On December 22, 2020, the SEC filed a lawsuit against Ripple Labs and two of its executives. One of the dumber plays youll see in baseball happened earlier this year between the Chicago Cubs and the Pittsburgh Pirates. XRP has traded sideways in a support zone from $0.37 to $0.41. The decision is expected to have serious consequences for the controversial industry. The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional". For instance, theres no plunge-protection team in the crypto sector. If Ripple goes down, the SEC then has the precedent to address other digital decentralized assets. 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.". At that point, a federal judge will either decide the case or have it go to trial. Ripple is now confident of a win against the US financial regulator. Were this to happen, the XRP coin is expected to break out. Pay the SEC fine your costing investors were missing the bull run. Information on these pages contains forward-looking statements that involve risks and uncertainties. Ripple's chief executive has shared his views on possible outcomes of the lawsuit brought by the U.S. Securities and Exchange Commission (SEC) over the sale of xrp, which the regulator claims to . Thus, I wouldnt let the noise of the Ripple lawsuit affect your decision-making process regarding XRP. Disclaimer: The information provided in this article is solely the author/advertisers' opinion and not an investment advice - it is provided for educational purposes only. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. If all the XRP is burnt, it could be the best buying opportunity in the space. Currently, XRP is changing hands at $ 0.29. The XRP token was delisted from the popular exchange in January 2023. Bitcoin: Whats next for BTC after $65 million worth liquidations. In other words, it's a bullish correction, with Ripple's case with the SEC the main driving force behind XRP's recent gains. Winning this motion is not an indicator that the judge will . But the main thing that it does is that it is creating a new way of transferring money around the world. What Could XRP Price Be if Courts Decide it's a Commodity? The SEC created a fund from the money it seized and offered Veri holders a buyback if they sold the tokens back to the SEC at a set price. It's just that it can be argued at trial. XRP: Going from Long to Short.