https://finbold.com/what-happens-to-xrp-if-ripple-wins-case-against-the-sec Ripple consented and revised dates were adopted, according to Filan. The Howey Test is what the SEC and other relevant regulatory bodies use to determine whether an asset is a security or not. This will broaden the definition of the Howey test, setting a legal precedent that could result in other similar cryptocurrencies also being classified as securities. Binance Coin (BNB) price sees its longer-term rally starting to roll over as, for a third week in a row, the support element pushing price action needs to step in. Ripples fight against a lawsuit from the Securities and Exchange Commission has gone exceedingly well, CEO Brad Garlinghouse said. Lawsuit Each passing day sees another crypto exchange either suspend or removed XRP trading altogether. (XRP, which was delisted from a number of crypto exchanges after the agency filed suit in 2020, rallied 9% on the recent news.). FXStreet will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information. From the very beginning of the XRP vs SEC case, the Ripple defense team maintained the position that XRP is not a security, arguing that it should fall under the same jurisdiction as BTC and ETH. The events are listed in reverse chronological order, from the most recent to the oldest one. Capital Com SV Investments Limited, company Registration Number: 354252, registered address: 28 Octovriou 237, Lophitis Business Center II, 6th floor, 3035, Limassol, Cyprus. While Ripple has not denied the sale of XRP, the cryptocurrency company has argued that it does not meet the Howey Test criteria. Ripple wins The SEC has filed a lawsuit against Ripple, causing a $15 billion loss in value of the XRP coin. One is how high it could go if Ripple wins the lawsuit against the SEC, and the second is how low it could dip by 2025 if it loses. This was a win for the Ripple team, as the documents mainly referenced a speech given by Hinman at the Yahoo Finance All Markets Summit in 2018, in which he said that ether was not a security. Hoskinson clarified that it was absurd to apply securities regulations to assets that have millions of international independent investors and users. This lawsuit against Ripple will likely drag on for a year or more. They would recover in value, exchanges would relist, and clarity would brought to the cryptocurrency industry How High can XRP price reach after Ripple wins the SEC Lawsuit? Kik, the messaging company that was sued by, and settled with, the SEC after its initial coin offering (ICO), also sought access to these documents. WebThe lawsuit hasn't been filed yet, but Ripple is aware of the regulator's impending action. If Ripple wins, here are the things that could happen: Institutions (Big Money) pump XRP. There has been some confusion about the process. The judge pointed out how it is curious that the SEC is trying to distance itself from Hinmans 2018 speech, while also delaying the release of documents, arguing that the notes and emails are protected by the attorney-client privilege. As noted by Cardano founder Charles Hoskinson, XRP is not a security even though it comes dangerously close to that classification. The very fact that there is an independent XRP army criticizing me is proof of this reality.

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