Post
Topic
Board Altcoin Discussion
Re: XRP Price Dives After SEC Files Charges
by
Vishnu.Reang
on 24/01/2021, 13:19:07 UTC
News update.

It appears that because of the new SEC appointees of the incoming Biden administration, Ripple might be saved and allowed to settle their case hehehe. Relist and pump?

I don't think that the change in presidency will have any impact on this case. SEC is not going to reverse their ruling, irrespective of whoever comes in to the administration. The only option left for XRP is to file an appeal against the ruling, which may take at least a year to process. Whales with large XRP holdings may attempt to do a few pump-and-dump cycles by spreading fake news on social media sites and compromised new sites such as Coin Telegraph, but we should be cautious about it.