They have joined other well-known companies such as Binance US, Swipe, and OKCoin that have stopped transacting or using XRP, leaving US investors in limbo. Following the lawsuit been filled by SEC which alleges Ripple of selling Unregistered securities worth $1.3 billion since 2013, small crypto exchanges i.e. Ripple has been popular with global banks and services. ... pricing it at 65 cents by the end of the year. Trading Forex, cryptocurrencies, and CFDs poses a considerable risk of loss. However, the financial-oriented payment network increased its market cap during the emerging bull run. Lawsuit against Ripple may end soon The situation around SEC’s lawsuit against Ripple has gone on for a while now and has greatly affected the payments’ platform. Merger News Adds Crypto-Market Shine to Support.com. This article is for information purposes only and should not be considered trading or investment advice. The price of Bitcoin reached its highest peak of over $58,000, and other prominent altcoins such as Ethereum and Binance Coin capitalized on the market growth. 16 FEB XRP Lawsuit Will End SOONER Than You Expect (Do This Now) Ripple XRP – XRP News Although XRP suffered a loss of nearly 60% in price after the lawsuit began, it has recovered despite being subject to scrutiny in the US market and exchanges becoming wary of accepting XRP trades. However, the filing at the Southern District Court in New York is viewed with skepticism in the crypto space. Even though US citizens have limited opportunities to transact XRP on local exchanges, the token is not without support outside the US. “I think it is the beginning of the end, Investors are already Dumping XRP as quickly as they can”. XRP, the native token of Ripple, did not mimic its early 2018 rally when it surpassed $3. A petition has been started calling on U.S. Securities and Exchange Commission (SEC) Chairman-Designate Gary Gensler to end the lawsuit against Ripple Labs and its executives over XRP tokens. A petition has been started calling on U.S. Securities and Exchange Commission (SEC) Chairman-Designate Gary Gensler to end the lawsuit against Ripple Labs and its executives over XRP tokens. A petition has been started calling on U.S. Securities and Exchange Commission (SEC) Chairman-Designate Gary Gensler to end the lawsuit against Ripple Labs and its executives over XRP tokens. Ripple executives had filed motions to dismiss the SEC's lawsuit against them. Copyright © 2021 InvestorPlace Media, LLC. Although the market has turned south on the XRP token, analysis indicates the price is becoming stable, with an upward trend and a signal for a potential breakout for the token. In its complaint, the SEC said Ripple sold 14.6 billion “units” of XRP for $1.3 billion. XRP trading is likely to resume in the US as the case winds down. A petition has been began calling on U.S. Securities and Trade Fee (SEC) Chairman-Designate Gary Gensler to finish the lawsuit Petition Calls on New SEC Chairman to Drop Ripple Lawsuit and 'End War on XRP' – Regulation Bitcoin News - Cryptocasting It claims Clayton went after Ripple unfairly compared to its larger rivals Bitcoin (CCC:BTC-USD) and Ethereum (CCC:ETH-USD). XRP is still in high demand as exchanges outside of the US aim to list the token, although there is skepticism about where XRP will end up. Market Musings. You can start your online side hustle today and earn $500 to $2,000+ per month (in just a few hours each week), with only $27 investment cost. This could push it as high as $3 per token. But whether the lawsuit is valid are not hinges on the definition of XRP. However, in December 2020, the US Securities and Exchange Commission (SEC) filed a lawsuit alleging that Ripple had conducted unregistered securities offerings by selling XRP. Not financial advice, but one could be interested in shorting. In the wake of the lawsuit, most of the US-based crypto exchanges delisted XRP from their platform resulting in a price crash. Beaxy, OSL, and CrossTower have either temporarily suspended XRP trading or removed it entirely from their platform. A petition has been started calling on U.S. Securities and Exchange Commission (SEC) Chairman-Designate Gary Gensler to end the lawsuit against Ripple Labs and its executives over XRP tokens. The SEC alleges Ripple illegally sold XRP as an unregistered security upon its launch, and maintains that the digital asset is a security to this day. XRP fans are divided into two groups: some of them are selling the crypto at a loss, and others believe that this lawsuit can kill Ripple. After the Twitter storm of lawsuit announcements, XRP’s price fell sharply and now sits at $0.41 at this writing time. They said very clearly, on the record: no, they are not securities, so keep trading them. 1125 N. Charles St, Baltimore, MD 21201. Let’s go into some XRP price predictions to estimate the future of XRP. Crypto Founder 'Told Taxman He Made $15,000 but Spent $10M on Yachts' Ripple (CCC:XRP-USD) is still dealing with its lawsuit from the U.S. Securities and Exchange Commission (SEC) but one petition seeks to have it dismissed. SEC acting chairperson statement: SEC statement from commissioners: SOS Stock: Is Crypto Play SOS Rising on Short Squeeze Hopes? 2020 was a striking year for cryptocurrencies as it ended with the most prominent bull run since late 2017. Nothing herein shall be construed to be financial legal or tax advice. The petition calls for an end to the lawsuit claiming that XPR has been targeted by former SEC Chair Jay Clayton. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. Unlike Bitcoin or Ethereum, where new coins are created through the mining process as a reward, the XRP amount is limited to 100 billion coins. The lawsuit says XRP fundraising was the illegal sale of a security. Moving away from Ripple, there are other players in the crypto space worth taking a look at. XRP tokens are distributed to companies and financial institutions such as Santander, the Commonwealth Bank of Australia, or MoneyGram to create fast transactions through the Ripple network and avoid high conversion fees. That includes companies looking to benefit from the rising interest in cryptocurrencies. However, others are expecting a fall that could have it hitting just 65 cents per token. This petition asks Gensler to stop the lawsuit against Ripple, which has been going on since late December 2020. Millions of People Will Soon Be Blindsided. A segment from the petition was collected by Ripple Coin News and reads as follows. He stated, “If XRP is found to be a security, the SEC would say that exchanges should have known.” If that happens, exchanges that operate within the US will face changes as side effects from the ongoing conflict with the SEC. The petition also demands “a thorough investigation of the matters that led to the last-minute lawsuit against Ripple, filed on the last day in office by former SEC Chairman Jay Clayton.” The SEC filed its complaint on Dec. 22 in Manhattan's federal district court. XRP Price Prediction 2021. When will the XRP lawsuit end? Coins reached new all-time highs, with Bitcoin leading the cryptocurrency bull run charge. XRP Price Prediction if It Wins Lawsuit 2020 was a striking year for cryptocurrencies as it ended with the most prominent bull run since late 2017. They both took money from companies with a direct or clear indirect interest in those public statements.”. In order to improve, we give you the opportunity to rate DailyCoin content, Santander, the Commonwealth Bank of Australia, or MoneyGram, leading a new ledger project for central banks. XRP Lawsuit Will End SOONER Than You Expect (Do This Now) Ripple XRP – XRP News. quotes delayed at least 15 minutes, all others at least 20 minutes. ET, Louis Navellier and Matt McCall will reveal an event that’s about to rock the stock market and how you could use it to beat the markets by nearly 11X. That is why their MoneyGram partnership saw Ripple put its XRP token to good use as it faced a backlash from the crypto community for being a financial token. Take a look at some Ripple (XRP) price predictions. Even with a lawsuit, Ripple hasn’t been doing bad for its self of late. A petition has been began calling on U.S. Securities and Change Fee (SEC) Chairman-Designate Gary Gensler to finish the You can always unsubscribe with just 1 click. What Did the Stock Market Do Today? XRP was up slightly as of Thursday afternoon. A petition has been started calling on U.S. Securities and Exchange Commission (SEC) Chairman-Designate Gary Gensler to end the lawsuit against Ripple Labs and its executives over XRP tokens. Related Videos: Do you want a 4-hour workweek? 1125 N. Charles St, Baltimore, MD 21201. But Signatures to ‘Stop the War on XRP’ Petition Grow, sent a letter to SEC Chair nominee Gary Gensler about the lawsuit, This could push it as high as $3 per token. Source: Shutterstock. All rights reserved. Dogecoin Price Predictions Surge as DOGE Becomes No. 8 Crypto, Why You Should Buy $500 in DOGE as Dogecoin Prices Rocket. Cryptocurrency1 hour ago (Mar 15, 2021 05:00AM ET) XRP Price Prediction if It Wins Lawsuit 2020 was a striking year for cryptocurrencies as it ended with the most prominent bull run since late 2017. Ripple is going to fight until the end to be able to sell those XRP. Ripple's XRP token on Tuesday surged 28%, to $1.73, the highest point in over three years. Not Yet. Petition Calls on New SEC Chairman to Drop Ripple Lawsuit and ‘End War on XRP’ – Regulation Bitcoin News April 8, 2021 A petition has been began calling on U.S. Securities and Exchange Commission (SEC) Chairman-Designate Gary Gensler to finish the lawsuit in opposition to Ripple Labs and its executives over XRP tokens. Most recently, MoneyGram has announced it will halt its partnership with Ripple, and the use of its XRP token, after the SEC launched its lawsuit. And even before the Ripple lawsuit announcement, CEO Garlinghouse had expressed his growing dissatisfaction with the United States’ regulatory environment. The price of XRP has increased by almost 20% in the past two weeks and is currently trading at 0.56 USD as of writing, which is close to the level in December before the lawsuit. The lawsuit concerning Ripple’s activities from 2013 to the present is slightly peculiar as it was filed in the final moments of the previous administration and is considered to be a means to stomp on the potential growth of XRP. Some experts are expecting major gains from the cryptocurrency. The petition also demands “a thorough investigation of the matters that led to the last-minute lawsuit … XRP lawsuit: Ripple execs file motions to dismiss citing ‘failure to allege recklessness’ Analysis 5 days ago Ethereum, Dogecoin, Waves Price Analysis: 10 April A judge's statements in the SEC lawsuit against Ripple are stirring up a lot of hype. Ripple has reframed how the XRP token required to conduct cross-border financial transactions fits within the blockchain ecosystem. 3 Big Stories to Catch Up On. “While Clayton and Hinman were in office, they were asked if Bitcoin and Ether were securities. Price predictions for XRP are more of a mixed bag. Nasdaq An advocate of Ripple sent a letter to SEC Chair nominee Gary Gensler about the lawsuit. Ripple Labs, Inc. is still creating new business opportunities by expanding its operations with Japanese banks and leading a new ledger project for central banks. Ripple Lawsuit Dismissed? Dogecoin Price Predictions: Can the #Dogearmy Take DOGE to $1 by April 20. BitTorrent (BTT) Price Predictions: Can BTT Hit $1 in 2021? Luckily, InvestorPlace.com has been covering the fiasco since it started. 2021 InvestorPlace Media, LLC. Palley predicts the San Francisco payment company will lose. However, it doesn’t stop there. Its value resides in its fast processing speed. The court has set Feb. 22 as the date for … Get the latest crypto news delivered to your inbox daily. Ripple (CCC: XRP-USD) is still dealing with its lawsuit from the U.S. Securities and Exchange Commission (SEC) but one petition seeks to have it dismissed. Ripple is thus a payment network between institutions that helps decrease conversion and payment fees by relying on the xRapid network. Article printed from InvestorPlace Media, https://investorplace.com/2021/04/ripple-lawsuit-dismissed-not-yet-but-signatures-to-stop-the-war-on-xrp-petition-grow/. Chris Helgren/Reuters. Most recently, MoneyGram has announced it will halt its partnership with Ripple, and the use of its XRP token, after the SEC launched its lawsuit. Share on Facebook Share on Twitter A petition has been started calling on U.S. Securities and Exchange Commission (SEC) Chairman-Designate Gary Gensler to end the lawsuit against Ripple Labs and its executives over XRP tokens. It’s continued to hover around this price since reaching it earlier this week. On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. Upgrade your inbox and get our DailyCoin editors’ picks 1x a week delivered straight to your inbox. According to Jesse Powell, the CEO of Kraken Exchange which recently delisted XRP for its US residents, XRP can be a liability for exchanges depending on the outcome of the trial. Just a day later, the SEC officially charged Ripple of illegally raising $1.3 billion. The cryptocurrency recently climbed above the $1 per token price. Ripple and Moneygram End Partnership as Lawsuit Over XRP Rumbles On 'We are both committed to revisiting our relationship in the future,' the companies said in a joint statement. With the Ripple lawsuit having lasted this long, investors will likely want to catch up on the most important details. A petition has been started calling on U.S. Securities and Exchange Commission (SEC) Chairman-Designate Gary Gensler to end the lawsuit against Ripple Labs and its executives over XRP … It also calls on the new SEC Chair nominee to investigate the motives of Clayton in targeting XRP over BTC or ETH. The petition also wants former SEC chair Jay Clayton investigated. 7 Growth Stocks That Also Pay Monthly Dividends, Louis Navellier and the InvestorPlace Research Staff, Goldman Sachs Just Put Editas Stock on Sale — Buy the Dip. Will You Be One of Them? Petition to End SEC Lawsuit Against Ripple An XRP advocate, Thomas Hodge, has started a petition on Change.org calling on SEC Chairman-Designate Gary Gensler to “end the war on XRP.” Gensler is President Joe Biden’s pick to lead the SEC following … XRP token lost most of its gains after the SEC filed a lawsuit against Ripple Labs and two of its executing towards the end of December 2020. If US regulators fail to make more accurate US blockchain regulations, Ripple is considering relocating, as its usability and centralized nature is beneficial for the financial system. The multi-billion-dollar lawsuit targeted Ripple’s activity from 2013 onwards. The price of Bitcoin reached its highest peak […] Petition Calls on New SEC Chairman to Drop Ripple Lawsuit and ‘End War on XRP’ – Regulation Bitcoin News April 8, 2021 A petition has been began calling on U.S. Securities and Exchange Commission (SEC) Chairman-Designate Gary Gensler to finish the lawsuit towards Ripple Labs and its executives over XRP tokens. All rights reserved. On Reddit, users are convinced to hold XRP no matter what. BitTorrent Has the Potential to Explode in 2021, Dogecoin to the Moon? Copyright © Since Ripple sold their token without going through official channels, this meant XRP was sold illegally. At the time of writing, XRP has a market cap of over $20 billion and a single unit price of $0.44, less than 5% down from the previous week. A prolonged legal battle, which may hold the key to XRP’s future, has been extended again. Although XRP suffered a loss of nearly 60% in price after the lawsuit began, it has recovered despite being subject to scrutiny in the US market and exchanges becoming wary of accepting XRP trades. Get all the details at this link. In December 2020, Ripple’s potential market growth was put to a halt after the US Securities and Exchange Commission (SEC) filed a lawsuit against Ripple and its executives Bradley Garlinghouse and Christian A. Larsen for failing to register the network’s native token as a security. The lawsuit has prompted many exchanges to halt XRP trading, many investors to sell XRP, and many people around the world to wonder how this is going to end for Ripple. The SEC also filed actions against Brad Garlinghouse, Ripple’s chief executive, and Chris Larsen, the company’s co-founder. Coins reached new all-time highs, with Bitcoin leading the cryptocurrency bull run charge. Unlike Bitcoin, which holds an intrinsic value and is not a security according to the SEC, XRP facilitates money transfers between different countries and financial institutions. Investors can learn more about the latest crypto news below. On April 20 at 7 p.m. Drop a comment below on when you think the Ripple XRP lawsuit is going to end and what this XRP news means for you! SOS Limited (NYSE:SOS), Support.com (NASDAQ:SPRT), and BitTorrent (CCC:BTT-USD) are just a few examples worth noting. April 8, 2021. Ripple is currently being stopped from selling the XRP it has in it’s escrow worth billions. , Baltimore, MD 21201, users are convinced to hold XRP no matter.. Late 2017 said Ripple sold 14.6 billion “ units ” of XRP that helps decrease conversion and payment fees relying! 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