Post
Topic
Board Altcoin Discussion
Re: XRP - Post Lawsuit Possible Outcomes & Thoughts
by
johnbanana
on 12/02/2021, 22:43:36 UTC
Hi Everyone,

New here but learning more and more about a variety of coins.

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.

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.

Ideally, I'd just like additional information of what this could potentially mean in either facet.

Thanks!

The funny thing about the U.S government is they said cryptocurrency is not currency, but now they said XRP is a currency. Whatever the hell they're labeling, XRP is a cryptocurrency. This flop flip need to make their own mind from the U.S government is mind boggling.