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Ripple’s STRONG Case vs. SEC!! Implications For XRP? ๐Ÿค”

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Over the last few months, there’s been a legal battle going on in the background that could change the cryptocurrency space forever. The sec’s case against ripple and its top executives has taken several twists and turns since it began in December last year. The crypto world has been watching closely and many have speculated that this case could be the end of xrp and any other cryptocurrencies that get singled out by the sec.

However, xrp has defied the odds rising by almost 10x since the start of the year. And ripple’s new partnerships now outnumber the existing partnerships. It had been losing because of this lawsuit is xrp’s price action. Nothing more than the hype and hopium of the xrp army or is this a sign that ripple has turned the tables on the sec. What could the outcome mean for xrp and crypto as a whole. Well today i intend to find out.

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Before we tackle ripple’s legal feud, i need to make a few things clear, so i don’t get sued. I may have a university degree, but it’s not in law or financial advisory. This means that nothing in this video is legal or financial advice. It is purely for educational and entertainment purposes only. So don’t make me say it twice. If this is your first encounter with the coin bureau kind, my name is Guy and crypto rules my mind.

My crypto addiction compels me to crank out the highest quality crypto content. Your eyes will ever see coins tokens trading regulations and minimal click baiting is what i have to offer. If this sounds like a done deal to you, subscribe to the channel and ping that notification bell to see what else i do to see what’s in store today. You can use the timestamps in the video timeline and skip ahead or stay.

I won’t take it personally. I appreciate you either way, so take a seat and get ready for a lesson because the crypto court is now in session. If you have no idea what the sec suit against ripple is all about and why it’s significant. Well, let me bring you up to speed. The United States securities and exchange commission or sec sets and enforces regulations relating to securities which include assets like stocks debt and some cryptocurrencies.

The sec was created in 1934 as a response to the wall street crash of 1929. Which led to the great depression not surprisingly, then the sec’s mission is to protect investors and the integrity of the financial market. Keep this mission in mind because it will be relevant later on whether or not. An asset is classed as a security by the sec depends on something called the howey test.

Now, the howie test was the byproduct of a 1946 supreme court case by the sec against the howie company and consists of four criteria which must all be met for an asset to be classified as a security. First, the asset must involve an investment of money in plain English. This means you use money to buy the asset. Second, this investment must be in a common enterprise in plain English.

This means that the price action of the asset is universal for everyone holding it. Third, investing in the asset must involve an expectation of profit. Which is pretty self-explanatory. Now fourth and most importantly, this expectation of profit must come from a third party of some sort be it a company or an individual. This fourth criterion is why the sec filed a lawsuit against Rippleripple Co-founder, Chris Larson and Ripple CEO Brad Garlinghouse in December last year.

In a nutshell, the sec is arguing that xrp is a security because it involves an investment of money in a common enterprise with an expectation of profit. That’s been driven by the actions of a third party. The sec’s evidence for third-party expectations of profit is how xrp was used and marketed by Ripple Brad and Chris to partners clients and retail investors now.

Because ripple Brad and Chris have been selling xrp for years without registering it as a security with the sec. This means that those sales of xrp were deemed to be illegal now. Naturally what the sec wants is for ripple to cough up the 1.4 billion dollars it made from these sales. And for Brad and Chris to cough up the 600 million they made from their sales.

In addition the sec wants to prevent ripple Brad and Chris from selling any more xrp or participating in any digital asset sales such as ICOs. Logically, ripple Brad and Chris argue that xrp is not a security and is instead quote a better alternative to bitcoin which is a currency. According to the sec the, original 71-page lawsuit also revealed some seriously questionable business practices by Ripple Brad and Chris.

And you can watch my previous video about the sec lawsuit to learn about those using the link in the top right. There have been multiple developments since the sec’s case against Ripple Brad and Chris began last December, just over a week after the lawsuit was announced defense. Attorney John Deaton filed a 90-page petition which called for the courts to take the interests of xrp holders into consideration.

The petition argued that the sec isn’t fulfilling its explicitly stated mission of protecting investors by pursuing ripple and its top executives instead. The sec suit against Ripple did the opposite by crushing the price of xrp and the regulatory scare caused many U.S exchanges to de-list xrp which added further fuel to the fire.


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Special thank you to Jeremy Hogan for his videos about the SEC vs. XRP lawsuit.
Jeremy Hoganโ€™s YouTube Channel: https://www.youtube.com/channel/UCFIioyI1rBmv7A4Nn6xhu-A

๐Ÿ“บEssential Videos๐Ÿ“บ

Previous Video About Ripple Lawsuit ๐Ÿ‘‰ https://youtu.be/Bmf2IILzEug
Ripple Flare Network Explained ๐Ÿ‘‰ https://youtu.be/4B4s_HVzDY4
Tokenomics Explained ๐Ÿ‘‰ https://youtu.be/ftCaqG7wckg
Why XRP Wonโ€™t Make You Rich ๐Ÿ‘‰ https://youtu.be/qB-uw1aL3eM

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– TIMESTAMPS –
0:00 Intro
1:07 Ripple Lawsuit Recap
5:20 XRP Army In Court?
6:56 Ripple & XRP News
8:40 Ripple Lawsuit Update
10:56 XRP Price Analysis
12:46 Ripple Lawsuit Outcome Analysis
15:46 Conclusion

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โ›“๏ธ ๐Ÿ”— Useful Links ๐Ÿ”— โ›“๏ธ

โ–บ Full SEC Suit Against Ripple: https://www.sec.gov/litigation/complaints/2020/comp-pr2020-338.pdf
โ–บ SEC Amended Suit: https://www.courtlistener.com/recap/gov.uscourts.nysd.551082/gov.uscourts.nysd.551082.46.0_1.pdf
โ–บ Ripple Response To Amended Suit: https://ripple.com/wp-content/uploads/2021/03/51-Answer-of-Def.-Ripple-Labs-Inc.-to-Pls.-FAC.pdf
โ–บ Brad & Chris File To Dismiss: https://ripple.com/wp-content/uploads/2021/03/bgarlinghouse_motion_to_dismiss.pdf
โ–บ XRP Holders In Court: https://cointelegraph.com/news/xrp-holders-get-green-light-for-motion-to-intervene-in-sec-vs-ripple-case

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๐Ÿ‘จโ€๐ŸซRipple Lawsuit Recap๐Ÿ‘จโ€๐Ÿซ

In a nutshell, the SEC is arguing that XRP is a security because it involves an investment of money, in a common enterprise, with an expectation of profit that is being driven by the actions of a third party.

The SECโ€™s evidence for third party expectations of profit is how XRP was used and marketed by Ripple, Brad, and Chris to partners, clients, and retail investors.

Because Ripple, Brad, and Chris have been selling XRP for years without registering it as a security with the SEC, this means that those sales of XRP were illegal.

๐ŸคผXRP Army In Court?๐Ÿคผ

Just over a week after the lawsuit was announced, attorney John Deaton filed a 90-page petition which called for the courts to take the interests of XRP holders into consideration.

The petition argued that the SEC isnโ€™t fulfilling its explicitly stated mission of protecting investors by pursuing Ripple and its top executives.

Instead, the SECโ€™s suit against Ripple did the opposite by crushing the price of XRP, and the regulatory scare caused many US exchanges to delist XRP which further added fuel to the fire.

๐Ÿ“ฐRipple & XRP News๐Ÿ“ฐ

The US based Uphold crypto payments and asset trading app noted they would not be delisting XRP until the dust has settled.

A former Ripple advisor was tapped as a potential candidate to become the next comptroller of the currency which an administrative position for the US federal banking system.

A Ripple board member was also pardoned by the outgoing US president. The top adult entertainment website also enabled support for XRP payments.

โš–Ripple Lawsuit Updateโš–

The first pretrial hearing took place on February 22nd where lawyers from both the SEC and Ripple again restated their arguments.

Rippleโ€™s lawyer dropped a bombshell that the SEC had been approached by an unnamed cryptocurrency exchange in 2019 which was wondering if XRP was a security, and the SEC did not say no.

In a virtual hearing in late March, SECโ€™s legal brass noted that only the sales of XRP made by Ripple, Brad, and Chris constitute the sale of a security, and that all sales by exchanges and individuals does not.

Earlier this month, the court granted Rippleโ€™s request to see the SECโ€™s internal discussions about cryptocurrencies.

๐Ÿ“ŠXRP Price Analysis๐Ÿ“Š

Even with all this bullish news, XRP has so far failed to reclaim its all-time highs like many other top cryptocurrencies. This could be viewed as bearish, but it could signal a potential buying opportunity.

๐Ÿ•ต๏ธโ€โ™‚โ€Ripple Lawsuit Outcome Analysis๐Ÿ•ต๏ธโ€โ™‚โ€

Florida attorney Jeremy Hogan believes Ripple will settle with the SEC. This is because 95% of these cases end with a settlement, which is legal speak for a minor punishment such as a small fine.

The most likely middle ground is a restriction on the sale of XRP to accredited investors, which would have restrictive effects on XRPโ€™s supply while allowing Ripple to continue its operations in the US.

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๐Ÿ“œ Disclaimer ๐Ÿ“œ

The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome.

#Ripple #XRP #SEC #lawsuit #crypto #xrparmy

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