XRP – 3 Reasons Why You SHOULD Buy XRP Now!
Ripple Labs and US Securities and Exchange Commission (SEC) lawsuit started in DEC 2020. According to SEC, Ripple is a security, Where Ripple team says why SEC is specifically targeting Ripple, ignoring Ethereum created by an ICO and all other coins.
According to Terrett, the SEC legal team reviewed Ripple on June 13, 2018, the day before Hinman’s speech on Ethereum’s security status. It came with no recommendations to hold Ripple and its executives accountable for security.
This fact made her think about what could have led to a change in 2 years.
According to the Fox Business journalist, John Deaton, the founder of Crypto-Law.us, obtained the details. She vowed that the case would be examined later with another main Fox Business Journalist, Charles Gasparino.
“On the latest ruling in the SEC vs. Ripple case: JohnEDeaton1 gave me his biggest takeaways and here’s what I find the most interesting: On June 13, 2018, the day before the Hinman speech, the SEC legal team reviewed whether XRP was security in a legal memo and did not.
Recommend bringing any enforcement action against Ripple or its executives. This shows SEC lawyers did NOT think it was unequivocal that XRP was a security. So what changed in two years?”
When you buy XRP there is no contract from Ripple the company. What he is basically saying is if there is no contract from a company for a token that makes it not security. Ripple is well funded and has a ton of good attorneys so it looks like it would be a up hill battle to prove that XRP is a security. All these people claiming XRP is a security are just invested in other projects.
XRP – 3 Reasons Why You SHOULD Buy XRP Now!.