Reason for the post is I understand XRP is not a decentralized coin and the negative feedback around it. With the SEC lawsuit pending claiming Ripple is a currency, I'm looking for insights on the aftermath.
Others are saying XRP is not decentralized but Ripple itself has its own arguments that XRP is decentralized.
SEC's lawsuit is saying Ripple is a security, not a currency as you mentioned.
Ultimately, I think we can assume if the SEC does win their suit, 2 things can happen: XRP could be deemed untradeable and/or Larsen & Garlinghouse are hit with fines/penalties etc which could diminish the company/coin but possible they stay afloat.
My question for everyone is if they do win their suit, does the coin soar? I do believe there are technological advantages provided by XRP with the transfer of assets and the ability to partner with banks.
There is no need to constantly discuss this issue. There are two alternatives. If he loses the case, it will disappear. If he wins the case, his price goes up perfectly. There is no more than that.
If Ripple loses the case, that would deal a big blow to them but that is a case exclusive in the US. Ripple is operating all over the world.