Ripple insists that the entire court case is due to the SECs mischaracterization of the XRP token and that the ICO was not an unregistered securities offering. Will Be Even Bigger Than Your Wildest Expectation, 7 Over-$100 Stocks That Are Worth Every Penny, Louis Navellier and the InvestorPlace Research Staff, 5 Penny Cryptos With the Most Potential for Growth. Necessary cookies are absolutely essential for the website to function properly. After that SEC will go after Ether. Entwistle confirmed that Ripple is already in talks with over 20 central banks worldwide. The reputation of Ripple labs would suffer a severe blow, and the network may struggle to attract new users. Your email address will not be published. What if Ripple loses and XRP is deemed a security? Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies will be stored in your browser only with your consent. Japanese banks to trial stablecoin payment system, Binance adds support for African currencies: Liberia, Sierra Leone, Gambia, Mauritania, Cape Verde, InvestCloud launches front-to-back single solution for advisors and wealth managers, Step launches stock investing for teens and young adults. 2020 was a striking year for cryptocurrencies as it ended with the most prominent bull run since late 2017. If Ripple wins, here are the things that could happen: Institutions (Big Money) pump XRP. And, now they are already behind Microstrategy citing there are issues with their accounting systems related to BTC. Necessary cookies are absolutely essential for the website to function properly. Polkadot (DOT) price dropped in tandem with Bitcoin and Ethereum amidst the rising uncertainty surrounding Silvergate bank. XRP: Going from Long to Short. In this case, traders may want to consider looking at some of the promising new altcoins that have appeared on the market in recent weeks, with several new tokens currently undergoing their own presale. If you thought that understanding the blockchain was a wonky affair, you should try following the granularity of the Securities and Exchange Commissions lawsuit against Ripple Labs, the founder of the XRP (CCC:XRP-USD) cryptocurrency. Some of the data that are collected include the number of visitors, their source, and the pages they visit anonymously. In other words, this should be a positive sign for XRP. Cardano (ADA) price sees bulls leaving the scene as ADA tanks on Friday morning. #XRPHolders who never sold win. The _ga cookie, installed by Google Analytics, calculates visitor, session and campaign data and also keeps track of site usage for the site's analytics report. Ripple has said they would move HQ and continue business outside of US.