SEC was asking Billions in penalties. Court ruled $125 mil.
CONCLUSION
The SEC’s motion for remedies and the entry of final judgment is GRANTED IN PART
and DENIED IN PART. The Court shall enter a final judgment enjoining Ripple from further violations of the securities laws and imposing a civil penalty of $125,035,150
No disgorgement, No fraud or misappropriation.
XRP is Not a Security.
Court also rejected SEC's claim:
The SEC suggests that each of Ripple’s “1,700 relevant contracts” constitutes a
separate violation
And there the "17" number again.
And my XRP holdings just went up 20% ....😁😎
same fren :)
Just the beginning ...
This week JP Morgan-Chase said they will start accepting Ripple for credit card and mortgage payments. Hoping it’s about to pop off because I have been buying it bi-monthly for a while . All time high is $3.84 and it’s currently $.61.
Crypto just flys right over my head. Do you buy Ripple or XRP, and where do you buy it?
Thanks!
XRP. . Ripple is name of company
I bought them last month because they can pull the switch anytime and it may go quick, or it may stagger like it'll go up 200% then come down, rinse and repeat to flush all the players out while institutions buy them all up.
If you were a Democrat or RINO in Congress you would have sent a letter to the judge demanding to know how he was going to rule and then made some stock purchases based on the reply.
I read somewhere soon we can also loan out our XRP, or back it with / purchase real estate..don't know what that means though
There have been hints of staking it maybe but there is so far no way to earn income on holding xrp
Correct me if I’m wrong From what I understand XRP can move anything of value, fiat money backed by gold, assets backed currency in a matter of seconds, as opposed to Bitcoin. If dollars are backed by gold, we can still use XRP to transfer money to other countries with cbdc, when money transfers back to us we can covert it back to asset backed currency. XRP is a bridge/utility currency, not a meme coin. Many countries like Japan, Russia, China, Indonesia are already signed up to use Ripple to build their CBDCs.
CBDC's are beyond dangerous
Ya we don't need cbdc
Yes, but you don’t need the token to move money. Just the tech, though I’m sure they will have more use cases for the token.
That is the XRP problem from what I’ve read. If you want more do some due dilligence as that is my understanding (watched some videos too.)
Thats my understanding as well, except for the part about countries signed up with Ripple to build their currencies (not sure I would call them CDBCs though) - I have heard that claim, but havent seen anything to confirm it.
And here I thought Ripple was the wine on Sanford & Sons ... I'm so old. :(
I wonder why they went with "Ripple"? Was "Mad Dog 20/20" already taken?
Out of stock!
It was a decision they were Tickled Pink about.
maybe a hint to watch the (ripples) in the water...where water = "current sea"
u/#kek
Xrp will become the "fluid" the new currency for the new stock exchange
Woohoo! I'm so glad I held all this time!
Netflix is coming out with a movie about XRP.?.. interesting
https://write.as/xrp-productions/brad-garlinghouse-pissed-danny-devito-will-play-him-in-ripple-netflix-movie
"XRP" = vaporware; XRPers roughly = flat earthers. You have evinced yourself by spreading false info. XRP is completely deployed for a over a decade and is totally functional as designed whereas vaporware is hardware or software that has not been released so your statement is 100% false. The SEC brought suit against Ripple in Dec 2020. SEC chair Gary Gensler, was CFO for hitlerly's campaign. So one should wonder why would a Goldman Sachs guy would work so hard to hurt/stop/delay Ripple and by implication, XRP. Maybe just a little research before popping off such false info so your fellow patriots on this board will respect your options more in general.
Most people aren’t doing the math on the market cap and how much the owners of ripple are holding in their own accounts. This will be a massive rug pull but everyone seems to think the token will reach values that would dwarf the current entire currency value in circulation. I don’t think this token is meant to benefit the plebs.
Trump literally shilling Bitcoin as a global reserve asset and you retards are fucking with this scam shitcoin lol, sad!
Trump always refers to crypto space not just Bitcoins.
Maybe it's coincidence but Trump Jr. made a pro crypto tweet just before the end of the case was announced.
What would be your best way of sending 400 million dollars across the globe in a matter of seconds for cheap? It's certainly not bitcoin or swift.
How many of us plebs need to send 400 million across the globe? XRP doesn’t benefit the people, the sec ruling does.
For anyone having lived outside the US and having needed to transfer 1600 bucks from a US bank to a Latin American bank know that having to wait 48 hours and pay $125 in transfer fees means there is a undeniable use case for crypto. Also you have to wait for the banks approval which they don't always give. Even the plebes benefit from using crypto. Not only that, but in the case of a lot of cryptos, there is a fixed amount of assets and more doesn't get printed depending on the whims of the ruling class.
I’m addressing xrp, not crypto in general.
You replied to a comment that called xrp a shitcoin (it is) and the rebuttals are related to trump. The rulings don’t apply to only XRP, it applies to any crypto using contracts.
Anyways, xrp hopes to capture the majority of the remittances market, which is vastly made up of unbanked plebes.