The SEC VS. Ripple XRP case is already settled!

 

The XRP rally has just started and new all-time highs will be seen for the cryptocurrency in the coming months. XRP is also making gains in adoption over the last couple months many partnerships have been announced with the company behind XRP, namely ripple however the SEC lawsuit is pressing its price a lot will this be different after today’s news? Let’s find out.

We know that the news of today is from an old tweet from December 2017. However today we’re focusing on some of the significant bullish news and settlement of ongoing lawsuits that David Schwartz the man himself has shared over the years rather than the timelines. David Schwartz tweeted XRP becomes dominant settlement currency new corporate stockpile it for cheap fast payments as seen in the tweet. Now if you’ve ever wondered why XRP goes up and down in value in the blink of an eye over time this is it David Schwartz himself told us this the best part is how ripple is on track to meet its two-year goal of making XRP the dominant settlement currency. Corporations have sold XRP in the past but this is no longer the case. Most corporations have XRP on hand and are ready to use it for faster and cheaper transactions the icing on the cake is that David Schwartz continues in that tweet by saying XRP is XRP ripple is available for purchase at a discount with a lockup but not for transactions we want a high price because it has an impact on our revenue and value if you pay attention to what David Schwartz has said you’ll notice that he’s clearly endorsing ripple’s plan which suggests that XRP must first achieve a high price. Why is that required in this case because it will have a direct impact on their revenue and value looking back a lot has happened in the development of the XRP ledger so far along with the many secondary and tertiary partnerships that ripple has established around the world these are some of the most significant leaps that ripple has made this year.

 Right now we’re seeing that most of the companies with which ripple partnered in 2018 and 2019 are now expanding their partnerships to include new companies. They’re building a massive mega network to promote and encourage the use of XRP. Ripplenet will be available to billions of customers of companies that have partnered with ripple. This is ripple’s global blockchain network which will make payments faster cheaper and more reliable. Customers will be hosted on ripple’s cloud platform which will speed up integration with other network partners and allow for faster upgrades. Customers will also have the option of using on demand liquidity which uses the digital asset XRP to make cross border payments.

 Moving forward we have the following tweet from at bitboy crypto. Brian Armstrong speaks on ripple XRP; this is almost certainly going to end soon. We know where this is going hashtag XRP army. Bitboy crypto also includes a video in that tweet in which he speculates on what might be going on with coinbase and ripple just saw Uncle Brian Armstrong CEO of coinbase come out and say “hey guys it appears that this is swinging in favor of ripple he says almost as if there isn’t any you know it looks like they’re going to win the case now isn’t it a little strange? Suddenly everything changed by any stretch of the imagination we don’t believe it’s a coincidence, so what happened in September with coinbase? Let’s take a trip back to September… Okay, right now Brian you’re hearing positive things about ripple activity, which could indicate that they’re getting to release it or have those discussions, revert back to September now. What happened with ripple and coinbase in September? If anyone recalls the XRP trading pairs were accidently relisted. It was almost as if they knew it was supposed to be over at that point he said coinbase base CEO Brian Armstrong for example had been relatively quiet about the XRP proceedings for months until this week when he sent a bullish tweet to his nearly 890,000 twitter followers. “The ripple case seems to be going better than expected. Meanwhile the SEC is realizing that attacking crypto is politically unpopular (because it harms consumers)” Armstrong wrote. The irony is that the people they’re supposed to protect are the ones attacking them he continued. Armstrong’s tweet linked to unflattering August article about the unexpected backlash against the SEC from millions of retail investors the very people the SEC is supposed to protect the public outcry is directed at the SEC’s years of ambiguous and contradictory guidance on cryptocurrency assets as well as its muddled handling of the current ripple case. If the US SEC continues to pursue charges against ripple, it is possible that the company’s operations will be hampered in the future, as a result consumers who rely heavily on cryptocurrency technology may suffer which is bad ripple’s native token XRP on the other hand remains strong despite daily left and right challenges, with everything that has been going on the XRP moon is likely to appear in the blink of an eye very soon along with encouraging milestones in the SEC versus ripple lawsuit the XRP’s network ecosystem has received bullish updates rap just revealed that XRP will be supported also on ethereum blockchain beginning in December 2021.

Behind the scenes of the ongoing SEC versus ripple case the alt coins’ ecosystem has seen substantial changes. Rap tokens have a value tied to another cryptocurrency. Rapt recently announced that WXRP will be released on the ethereum network in December in the defy ecosysytem the WXRP token will be backed one to one by XRP. Wrapped XRP will hold XRP in bank grade custody with hex trust a qualified and insured provider of digital asset custody. The main distinction between XRP and WXRP is that the latter can be utilized in smart contracts. WXRP linked to XRP enhances utility and demand in defy ecosystem as market participants allocate more cash, the arrival of WXRP has been criticized by supporters due to the ethereum network’s high transaction fees. The addition of XRP to multi chain on the other hand is projected to increase XRP’s utility. The launch of WXRP on d5 according to at kahneman a crypto proponent will boost XRP in the long run as a result of this statement the price of XRP increased by 11% and began to climb the SEC versus ripple lawsuit according to bitcoin analyst and youtuber Ben Armstrong will be resolved soon. A cryptocurrency analyst named Atking Fees has set a three-dollar price for XRP. The altcoin is expected to be relisted on major exchanges soon according to the expert, moreover a connectivity jury determined that numerous digital asset items tied to a cryptocurrency mining business cannot be termed securities in a first of its kind finding, this decision has arrived at a critical point the United States is already embroiled in a controversy over the long-running ripple versus SEC case according to law 360 the jury determined that the digital products in question which included a virtual currency and a digital wallet were not investment contracts. Customers of a mining company that sold hashlets, hash points, paycoin and hash stakers were the petitioners in this case these clients claimed that all four of the products listed above were unregistered securities, however the jury came to a different conclusion even hashlets didn’t fit the definition thus this may come as a surprise to the SEC. The SEC had previously described the product as an unregistered security in a complaint against garza according to the newspaper. Senator Cynthia loomis recently stated in an interview with CNBC that except for bitcoin all other crypto assets are looking more like securities in fact she predicted her argument on the fact that other cryptocurrencies aren’t as decentralized as bitcoin and that their investors keep a substantial share of the product for themselves. It’s also worth noting that congressman Tom Emmer, a member of the U.S. congressional blockchain caucus took a different stance. He has expressed his displeasure with the SEC chairperson’s classification of all tokens as securities. In a recent interview he had state “I don’t believe the community would agree, the great majority of tokens out there most of us would argue are either a currency or a commodity a little here and there but XRP finds a way to settle and destabilize from here on. SEC can only try to drag XRP further but the truth will always find its way. It’s amazing to see that despite this ongoing lawsuit XRP has had a nice comeback and its price is rising. While we believe that the settlement already might have taken place behind closed doors, the future is bright for XRP holders.