Ripple (XRPUSD)

[WiseYoda]

A little due diligence goes a long way. The SEC & Ripple have a binding agreement to talk about a settlement for at least an hour two weeks after fact discovery. Looks like fact discovery finishes early January. If there’s a settlement we’ll know by end of January. Seeing that 95% of cases don’t go to trial gives a good chance that settlement reaches during this period. I can’t imagine the SEC wanting to go to trial and want Clayton and Hinnman up on the stand. No way.

Ive been pondering the possibility of a new class being created called crypto securities. It’s plausible because XRP can’t become a security of Ripple, that’s impossible, as Ripple is a private company with its own shares. Its impossible to merge XRP and Ripple private shares into one. Ripple shares can actually be bought through Linqto right now so the idea that they’ll possibly merge into one is impractical. Also, not sure how digital assets like XRP can be classified as a stock security like Apple or Ford and trade on Etrade or TdAmeritrade. So the possible scenario I see happening is that Ripple beats the SEC or a new class is created for digital assets like XRP. Either way this won’t be the end of XRP and once this gets settled faces are going to melt of what happens to the price of XRP.