Quote from: doomloop on January 28, 2021, 01:26:37 PM

Quote from: marcbitcoins on January 25, 2021, 11:57:23 AM

I believe that XRP will still hold back even during the lawsuit, we should not forget that most of XRP trading is done outside US, therefore whatever the SEC says only effects XRP for United States users but not the whole world users in general. There is just a dark cloud hanging above XRP while this lawsuit is active but I strongly believe it will survive.

Most "trading" is outside of USA but most work Ripple does is still inside USA which means Ripple would be screwed if SEC decides to close shop on them and tell them that what they are doing is illegal. If that happens the company Ripple will be closed, and when the company XRP is tied to closes, that means price will be bad as well.

I am not saying they are connected, even without Ripple company we could have XRP trading all over the world, but that means all exchanges that work within USA will delist XRP, and all others foreign ones who wants to see good to USA will also delist XRP as well, which means XRP will be listed in limited places, and that would mean less and less people trading because who would want to trade in some other exchange just for XRP? A very few people. Hence I think it is obvious that XRP can't go unscathered if SEC decides something bad.

I have never supported the ripple, in the current situation around the company I am very much interested, since these events regarding the sec claim may ultimately have a very strong impact on the cryptocurrency market. I would like to understand what kind of influence the SEC has on other countries, because, for example, Japan strongly supports Ripley and this in any case raises the company's authority in the world.