HTTP/2 200 date: Fri, 25 Dec 2020 14:08:09 GMT content-type: text/html; charset=UTF-8 set-cookie: __cfduid=d82d34cd24b01c19f82dcf93fbd6b25191608905288; expires=Sun, 24-Jan-21 14:08:08 GMT; path=/; domain=.ambcrypto.com; HttpOnly; SameSite=Lax; Secure vary: Accept-Encoding x-powered-by: PHP/7.3.7 cf-edge-cache: cache,platform=wordpress x-pingback: https://ambcrypto.com/xmlrpc.php link: ; rel="https://api.w.org/" link: ; rel="alternate"; type="application/json" link: ; rel=shortlink x-frame-options: SAMEORIGIN cf-cache-status: DYNAMIC cf-request-id: 073bd38490000024d245288000000001 expect-ct: max-age=604800, report-uri="https://report-uri.cloudflare.com/cdn-cgi/beacon/expect-ct" report-to: {"endpoints":[{"url":"https:\/\/a.nel.cloudflare.com\/report?s=5UgUJl31hbxyAmqxpsfWJmIO8yk5u1DXH9tTmaMobyL9W6Tv1Vz42atbicBfBucSTpshG6%2B1Gndgcf9FPFyRunpYj2VRWxQdPa%2B22p2O"}],"group":"cf-nel","max_age":604800} nel: {"report_to":"cf-nel","max_age":604800} server: cloudflare cf-ray: 607321e74b8c24d2-IAD With Ripple, XRP, SEC lawsuit & dropping prices, should you hold or sell your coin? - AMBCrypto
Ripple Vs. SEC: The Lawsuit
The lawsuit filed by SEC against Ripple and its two executives – Chris Larsen and Brad Garlinghouse – is the most trending topic right now. It superseded Michael Saylor’s bitcoin bags, the institutions buying more bitcoin, etc.; in fact, many mainstream media covered this news. As the news broke out, price of XRP started dropping. At the time of writing, XRP was up 39.7% in the last 24 hours and had lost its position as the third-largest cryptocurrency in the world by market cap. The lawsuit against Ripple is due to the fact that SEC considers XRP as a security, and what Ripple has done since 2013 is “selling unregistered securities”, which is a punishable offense. Without getting into the details, here are a few scenarios of what might lie ahead of us.- SEC wins
This would mean XRP is an unregistered security and most exchanges will delist it causing a continuation of the drop in prices. Ripple will be fined heavily, with Garlinghouse and Larsen possibly sent to prison. However, this is unlikely, and there might be a settlement leading to more fines.
End game? XRP loses its value drastically; ripple’s
