Ripple (XRPUSD)

[BoilerRoom]

Man that fake Black rock BS makes me want to move over to Solana or something different. We don’t have to worry about the SEC halting this while they investigate do we? I just don’t want my money stuck. I think we are ok thou

[DREAMTRADER]

Blackrock XRP trust.

[3antar]

Was this a warning message.... next one may not be a warning message!!!

[DREAMTRADER]

News inbound.

[MindlessSelf]

Oh yeah today may not be the day but absolutely believe our day is coming and we are heading way past $5 when it finally does start running. I am here until the very end.

[mt1210]

Someone is trying pretty hard to keep this down..🤣

[qualityincolor]

Still helps with the bullish sentiment... all adding up here. Steady climb is always better

[MindlessSelf]

Blackrock filed to register i shares xrp trust which is a precursor to xrp etf.

[Tincupx]

The hell was that about

[MindlessSelf]

Wow major head fake. Looks like show is over for today but I k ow what I hold. We will get there some day

[BoilerRoom]

$XRP hell yeah!!

[qualityincolor]

Boom!! Blackrock on xrp folks

[mt1210]

Trains leaving.. next stop .83+

[Alpha611]

YEAHH!
And I thought I saw a putty cat !

[Brokemillwright]

I thought this was going to the moon? Still can't break resistance

[Vulcanized Crawler]

spot on

[Wooden Indian]

LOL. Right on. I’m doing great, WiseYoda. Preparing for what is to come in the near future.

[trunkmonk]

Sore loser, I make him pot of beans and deliver it personally to Brad, we break bread, and wind, together...

Mongo

[WiseYoda]

Thumbs up!

[Alpha611]

The lost world. LINKUSD!

[WiseYoda]

Theres one cryptocurrency that’s really getting adoption by financial institutions in the cross border payments sector and thats $XRP not to mention being the only cryptocurrency that is not a security by a matter of law.

I know its challenging for some to admit especially in the Ether community but when you breakdown the technology of XRP versus ETH theres no comparison especially when you’re paying hundreds of dollars in gas fees to move Ether.

People can’t give credit where credit is due because of tunnel vision.

$XRP is kicking a$$…DEAL with it.

The tsunami is coming

$$$XRP$$$

[Vulcanized Crawler]

no disgorgement fees due/sec owes xpr

John Deaton, the founder of CryptoLaw, has suggested that Ripple may not be required to pay the speculated $770 million in disgorgement fees, which the U.S. Securities and Exchange Commission (SEC) has been seeking in the lawsuit against Ripple.

In Friday’s tweet, the pro-Ripple lawyer argued that the SEC’s efforts to seek disgorgement for XRP sales in the United Kingdom, Japan, Switzerland, and other countries may be legally unattainable due to the Supreme Court’s Morrison ruling. Notably, this ruling specifically excludes sales outside of the United States.

Furthermore, Deaton pointed out that XRP is regarded as a non-security in the aforementioned nations and other jurisdictions. Notably, the UK’s Financial Conduct Authority (FCA) and Japan’s Financial Services Agency (FSA) classify XRP as an exchange or utility token rather than a security token. Deaton noted that this distinction makes it challenging for the SEC to enforce disgorgement on XRP sales in these regions.

He further emphasized that selling XRP remains entirely legal in these jurisdictions, according to their respective regulatory authorities, further weakening the SEC’s case for disgorgement.

He then expressed his belief that the likelihood of a $770 million fine is low, as sales to accredited investors and non-U.S. sales, which could account for more than 90% of the total, will likely be excluded from the final disgorgement amount.

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Deaton also highlighted the nature of On-Demand Liquidity (ODL) transactions involving XRP, which occur within seconds. Due to the rapid transaction speed, he argued that harm is practically non-existent in the case of ODL transactions. He also noted that for the 75,000 XRP holders who have joined the lawsuit, any accusations of harm would be directed at the SEC rather than Ripple.

He outlined a highly optimistic scenario in which Ripple may only need to pay a minimal amount, potentially as low as $20 million, in disgorgement fees.

Further, in a playful twist earlier on Saturday, Deaton suggested that if the presiding Judge decides to deduct the $150 million in legal fees that Ripple has already paid, the SEC could potentially owe money to Ripple.

“The Supreme Court ruled disgorgement is not punitive in nature and cannot exceed “net profits” from the sales. A company can deduct legitimate business expenses… After deducting foreign sales, sales to accredited investors, and ODL transactions, if the Judge deducts the $150M in legal fees Ripple paid, the SEC might owe Ripple money.” He tweeted.

That said, Deaton’s latest remarks have stirred up anticipation within the crypto community, leaving many speculating about the final settlement amount and its potential implications for Ripple and its leadership. Nevertheless, amid these legal developments, XRP, Ripple’s native token, has displayed remarkable resilience, surging by about 4% over the past 24 hours to trade at $0.675 at press time.

[Vulcanized Crawler]

ild do a lil more research if i were you

[BoilerRoom]

No way Stellar has anything to do with FedNow. If that was the case it would be moving up and not being dragged by XRP’s coat tail.

[BoilerRoom]

$XRP=FEDNOW IMO

[KICK1]

Ha!

[Alpha611]

lol...My bad! Just stay with it and thank us later.
Best think to do is forget about it come back after the holidays. / Best of luck!

[armour1955]

Ha ha!

[Alpha611]

Shure looks that way! May be you should leave now while you have the chance.

[armour1955]

Looks like this was WAY over hyped!

[Alpha611]

Yes!
Darkpool does! LMAO...He has ALL the answers. (not)
Please use ignore button once done.

[DarkPool]

Lol when we are done accumulating I will.

[armour1955]

As opposed to trump sycophants !

[armour1955]

There is no announcement…XLM is cratering

[armour1955]

Where is the announcement? Post link please

[WolfOfGrnStreet]

LETS GO BRANDON.

[Vulcanized Crawler]

new thoughts on xrp sec not so important
they won last july. sec rep with crypto remains same....they do nothing. period.

[3antar]

I am new to this, does anyone know what is next for XRP. Basically what is pending with SEC

[Vulcanized Crawler]

9Nov was not last day to settle.

[DarkPool]

Brad's a little tender Fed chose STELLAR as then payment/remittance network. That's what happens when your greedy. There's a reason XLM is the payment leader ;)

[DarkPool]

Yup America will get a taste of that third world living. All changed once China flew that hypersonic missle around the world.

[Vulcanized Crawler]

as the west joins brics one at a time, (even if in secret)...and xrp is hated by the sec and brandon....i would expect the test of xrp by the 5 middle eastern countries having been the beta, to be adopted by the brics....as it benefits all that join to trade, but, not be exposed. dropping the dollar is a done deal and asian countries have already accomplished their test of xrp. cryptos will move away from the usa and go elsewhere , isolating brandon's america....which is what he and his cabal puppet masters have wanted all along. with the fed dead and the third world alive....it will be an interesting place to live once again....(if in fact one never has prior)

[DarkPool]

Holy crap. Talk about dumping some size in XRP. Folks must have found out the blockchain fednow is using. And it's not xrp lol!

[Alpha611]

You poor child! lol....Enjoy it while you can!

[DarkPool]

Poor baby. He's whining because Fednow chose the nonprofit and a certain blockchain. Not XRP ;)

[DarkPool]

Yeah that for profit gonna be a problem. Why Fednow chose the nonprofit xlm for their payment network;)

[DarkPool]

Why XRP just dump? Hodl lmao

[Vulcanized Crawler]

indeed. seems iam back to outside the usa again...
spent most my years there and investment wise, seems that is where it shall continue
at least for the foreseeable future. sec chief was thought to be on thin ice and to be replaced after last july's loss....
yet, he continues

[dshade]

buy the FUD whenever it appears

[Vulcanized Crawler]

here is the sec reponse in dubai....even though they lost
last july, sec wants to continue to fight the future. i expect the
sec chief to be replaced.
Ripple CEO Declares Intent To Bring XRP Battle To Supreme Court
November 09 2023 - 12:00AM
In a recent speech at the DC Fintech Week conference, Ripple CEO Brad Garlinghouse addressed the company’s regulatory hurdles. He expressed his views on the cryptocurrency landscape in the United States. Ripple CEO Warns Of US Risking Market Share Loss According to a Fortune Magazine report, Garlinghouse acknowledged during his speech that despite Ripple’s success in court against the SEC, some US banks must be more cautious about engaging meaningfully with cryptocurrencies. Garlinghouse attributed this reluctance to the perception that the US government and the Office of the Comptroller of the Currency (OCC) are “hostile to the crypto industry.” While Ripple’s court victory in July was seen as a positive development, Garlinghouse believes that the SEC’s overall approach, coupled with Chairman Gary Gensler’s characterization of crypto as the “Wild West,” is hindering the industry’s growth in the US. Related Reading: Bitcoin Parabolic Rally Above $600,000: Crypto Analyst Says It’s Closer Than You Think Garlinghouse emphasized that while the US has hostility towards crypto, other countries actively welcome crypto companies and investments by providing clear regulatory policies. As a result, the US risks losing its market share and failing to capitalize on its early advantage in the crypto space. Garlinghouse expressed his belief that the US can still become a leader in the industry but highlighted the urgency for clear and constructive regulatory frameworks to be established. CEO Vows To Escalate Legal Battle With SEC To Supreme Court Given the challenges faced in the US, Garlinghouse announced that Ripple would continue to expand its operations in other countries. He revealed that 80% of Ripple’s hiring in the current year will be conducted outside of the US, reflecting the company’s need to operate in more favorable regulatory environments. Garlinghouse emphasized the importance of creating a hospitable environment for innovation and growth, suggesting that the current hostility in the US hinders Ripple’s ability to operate effectively within the country. During the conference, Garlinghouse expressed his willingness to escalate Ripple’s legal battle with the SEC to the Supreme Court. Garlinghouse stated that Ripple is prepared to pursue legal avenues until a resolution is reached. This firm stance underscores Ripple’s commitment to addressing regulatory uncertainties surrounding XRP. Related Reading: Can Chainlink Reach $20 With Rollup Finance Partnership? Brad Garlinghouse’s remarks at the DC Fintech Week conference shed light on the ongoing regulatory challenges faced by Ripple and the wider cryptocurrency industry in the United States. Despite recent court victories, Ripple encounters obstacles due to perceived hostility and a lack of clear policy guidance. Garlinghouse’s readiness to escalate the legal battle to the Supreme Court demonstrates Ripple’s determination to seek a resolution and establish a constructive regulatory framework. As Ripple expands its operations globally, the hope remains that the US will adopt more welcoming and supportive regulations to foster innovation and maintain its competitive edge in the evolving cryptocurrency landscape. As of the current market update, XRP is trading at $0.6902, indicating sideways price movement over the past 24 hours. However, in the fourteen-day timeframe, the token has experienced a notable gain of 13%. Featured image from Shutterstock, chart from TradingView.com