The New Jersey Crypto News
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Ripple
    • Dogecoin
    • All Alt Coin
  • Learn
    • Learn

      How to Trade Futures Contracts on Changelly PRO

      11/14/2021

      Learn

      EtherLite (ETL) Cryptocurrency Price Prediction

      11/12/2021

      Learn

      How to Trade Bitcoin Futures

      11/12/2021

      Learn

      How to Start Trading Cryptocurrency

      10/21/2021

      Learn

      How to Create Your Own Cryptocurrency

      10/13/2021

  • Analysis
    • Analysis

      Bitcoin is Struggling, But It’s Too Early to Say Bulls Have Given Up

      12/29/2021

      Analysis

      Sushi Up 17% Amid DeFi 2.0 Rescue Rumors

      12/29/2021

      Analysis

      Ethereum Recovery Could Soon Fade If ETH Fails To Surpass $4k

      12/28/2021

      Analysis

      Charles Hoskinson Shares Cardano Plans for 2022

      12/28/2021

      Analysis

      Bitcoin Prints Bullish Pattern, Why BTC Could Surge To $50K

      12/27/2021

  • Blockchain
    • Blockchain

      Iran Bans Crypto Mining to Avert Major Blackouts in Winter Season

      12/29/2021

      Blockchain

      Italian Sports Car Maker Ferrari Inks Multi-Year Deal With Blockchain Firm Velas Network AG…

      12/29/2021

      Blockchain

      ProShares Files for New Metaverse ETF With U.S. SEC

      12/28/2021

      Blockchain

      Ozzy Osbourne Reveals Cryptobatz NFT Project Paying Tribute to His Iconic Bat Bite –…

      12/28/2021

      Blockchain

      Binance Trading Platform Licenses in Bahrain, Canada

      12/28/2021

  • Market Cap
Ripple

“The SEC is going to have to admit that there was nothing in Ripple’s contracts”

by Miki 11/24/2021
by Miki 11/24/2021 0 comment

SEC Assault On Ripple Hasn’t Negatively Impacted XRP Price — Billionaire Mike Novogratz

Advertisement

&

&

Key takeaways

  • Ben Armstrong (BitBoy) asserts that the SEC is likely to settle with Ripple soon. 
  • For many, including Armstrong, the hope remains that summary judgement will however be reached instead.
  • Despite troubles in the US, Ripple continues to forge global partnerships.

The Securities and Exchange Commission (SEC) in their lawsuit against Ripple will have a hard time proving to the court that Ripple sold their XRP tokens to investors as an investment contract according to crypto YouTuber Ben Armstrong aka “BitBoy.” This is because no such contracts exist, noted Armstrong.

This is why the popular crypto influencer expects the case will be resolved soon in Ripple’s favor. His argument is linked to the recent court ruling in which Judge Sarah Netburn ordered the SEC to explain how the Howey Test applies to XRP, Bitcoin, and Ethereum, and the sale of XRP as an investment contract.

Much of the case has been hinged on the point that Ripple and XRP holders were in a common enterprise for gain. The SEC has argued that Ripple marketed XRP to investors in such a way that led the investors to believe Ripple would work to make the token profitable.

However, with the recent ruling, the XRP proponent thinks that the SEC is going to be forced to admit that “there is nothing in any of these contracts that created an expectation of profits by purchasers of XRP.”

Advertisement

&

&

This is one of the reasons that BitBoy has asserted that the SEC is probably still fighting just to save face. He also thinks it is possible that a settlement will soon be reached by both parties. However, this is not the outcome he hopes for. For BitBoy and many members of the XRP community, the expectation is that the SEC “fails and fails badly.” This is because they feel that the case concluding in a settlement will only weaponize the SEC against another victim in the industry. 

Another notable XRP supporter who has shared the same sentiment has been attorney John Deaton, leader of XRP Army’s lawsuit against the SEC. In a recent interview on Paul Baron Network, the attorney claimed that if the case reached summary judgment and the ruling was that XRP is not a security and the SEC failed to give fair notice to Ripple, the outcome would be that the commission would lose jurisdictional power over much of the crypto industry.

If however, the case ended in a settlement, the SEC “can still go after other cryptos,” he said.

Meanwhile, Ripple continues to build partnerships that may very well sweeten it in the long term. In the past few weeks, they have announced significant partnerships that will see them deliver On-Demand Liquidity (ODL) to major banks in the Middle East and Africa. They also reached a partnership with the Digital Pound Foundation, an independent forum, to work on the development of a CBDC for the UK.

This is why BitBoy opined that Ripple was looking at the big picture and was aiming to become the globally recognized settlement layer within the legacy financial system.

Source link

Views: 2
admitContractsRipplesSEC
Share
0
FacebookTwitterPinterestEmail
previous post
Ethereum Trims Gains, Why This Level Is The Key For Fresh Increase
next post
Crypto Group ConstitutionDAO Plans to Refund Money and Shutdown, after Losing Auction

Related Posts

Why Solana, Dogecoin, XRP, Shiba Inu, and Cardano...

12/28/2021

Garlinghouse Shakes Off SEC’s “Antics” Towards Ripple and...

12/24/2021

Will ‘Dogefather’ Elon Musk Look In The Direction...

12/22/2021

XRP Creator Chris Larsen Proposes Strategy To Incentivize...

12/20/2021

Why Former SEC Chair Clayton Refused To Comment...

12/18/2021

More Wins For XRP and Ripple? SEC Reportedly...

12/16/2021

Ripple And XRP Prone To More Wins As...

12/14/2021

Ripple’s Co-Founder Comes Up With A Genius Way...

12/12/2021

Ether Next To Be On SEC’s Purview If...

12/08/2021

SEC vs. Ripple – Kevin O’Leary Reveals Why...

12/02/2021

Leave a Comment Cancel Reply

Save my name, email, and website in this browser for the next time I comment.

For security, use of Google's reCAPTCHA service is required which is subject to the Google Privacy Policy and Terms of Use.

I agree to these terms.

Recent Posts

  • Are Solana’s bulls really strong enough to halt further decline

    12/29/2021
  • Elon Musk thinks this individual could be the potential Bitcoin (BTC) creator Satoshi

    12/29/2021
  • Iran Bans Crypto Mining to Avert Major Blackouts in Winter Season

    12/29/2021
  • Bitcoin is Struggling, But It’s Too Early to Say Bulls Have Given Up

    12/29/2021
  • Sushi Up 17% Amid DeFi 2.0 Rescue Rumors

    12/29/2021

Categories

  • All Alt Coin (2,280)
  • Analysis (312)
  • Bitcoin (1,302)
  • Blockchain (1,068)
  • Dogecoin (700)
  • Ethereum (304)
  • Learn (139)
  • Ripple (149)

About Us

About Us

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, blockchain, Market, and more.

Featured Posts

  • Bitcoin Futures Perpetual Funding Rate Turns Positive as BTC Balance on Exchanges Slip to a 3-Year Low

  • Is Bitcoin Beginning A “Golden” Recovery?

  • Bitcoin Stucks in a Broad Congestion Zone, says Market Trader Peter Brandt

Recent Posts

  • Are Solana’s bulls really strong enough to halt further decline

  • Elon Musk thinks this individual could be the potential Bitcoin (BTC) creator Satoshi

  • Iran Bans Crypto Mining to Avert Major Blackouts in Winter Season

Categories

  • All Alt Coin (2,280)
  • Analysis (312)
  • Bitcoin (1,302)
  • Blockchain (1,068)
  • Dogecoin (700)
  • Ethereum (304)
  • Learn (139)
  • Ripple (149)
  • Facebook
  • Instagram
  • Linkedin
  • Contact
  • Privacy Policy
  • Terms & Conditions

@2021 -thecryptonewsweb.com - All Right Reserved.

The New Jersey Crypto News
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Ripple
    • Dogecoin
    • All Alt Coin
  • Learn
    • Learn

      How to Trade Futures Contracts on Changelly PRO

      11/14/2021

      Learn

      EtherLite (ETL) Cryptocurrency Price Prediction

      11/12/2021

      Learn

      How to Trade Bitcoin Futures

      11/12/2021

      Learn

      How to Start Trading Cryptocurrency

      10/21/2021

      Learn

      How to Create Your Own Cryptocurrency

      10/13/2021

  • Analysis
    • Analysis

      Bitcoin is Struggling, But It’s Too Early to Say Bulls Have Given Up

      12/29/2021

      Analysis

      Sushi Up 17% Amid DeFi 2.0 Rescue Rumors

      12/29/2021

      Analysis

      Ethereum Recovery Could Soon Fade If ETH Fails To Surpass $4k

      12/28/2021

      Analysis

      Charles Hoskinson Shares Cardano Plans for 2022

      12/28/2021

      Analysis

      Bitcoin Prints Bullish Pattern, Why BTC Could Surge To $50K

      12/27/2021

  • Blockchain
    • Blockchain

      Iran Bans Crypto Mining to Avert Major Blackouts in Winter Season

      12/29/2021

      Blockchain

      Italian Sports Car Maker Ferrari Inks Multi-Year Deal With Blockchain Firm Velas Network AG…

      12/29/2021

      Blockchain

      ProShares Files for New Metaverse ETF With U.S. SEC

      12/28/2021

      Blockchain

      Ozzy Osbourne Reveals Cryptobatz NFT Project Paying Tribute to His Iconic Bat Bite –…

      12/28/2021

      Blockchain

      Binance Trading Platform Licenses in Bahrain, Canada

      12/28/2021

  • Market Cap
  • RelevantRelevant(REL)$0.825.35%
  • Heart NumberHeart Number(HTN)$0.000553-30.47%
  • TadpoleTadpole(TAD)$7.32-1.76%
  • SEENSEEN(SEEN)$2.05-2.27%
  • EvedoEvedo(EVED)$0.082301-0.80%
  • MarginswapMarginswap(MFI)$0.184214-2.17%
  • SakeTokenSakeToken(SAKE)$0.0127234.37%
  • WTF TokenWTF Token(WTF)$0.0113500.16%
  • BNSD FinanceBNSD Finance(BNSD)$0.005460-5.83%
  • RobotinaRobotina(ROX)$0.00266138.50%
  • CageCage(C4G3)$0.005010-3.67%
  • YAM v2YAM v2(YAMV2)$4.70-1.41%
  • PolkaBridgePolkaBridge(PBR)$0.439876-7.02%
  • DSLA ProtocolDSLA Protocol(DSLA)$0.003681-6.85%
  • lympoLympo(LYM)$0.004392-4.43%
  • Falcon ProjectFalcon Project(FNT)$0.000366-2.23%
  • DYORDYOR(DYOR)$0.00002020.53%
  • TICOEX TokenTICOEX Token(TICO)$0.0013640.52%
  • MMS Cash TokenMMS Cash Token(MCASH)$1.000.00%
  • bitcoinBitcoin(BTC)$30,431.001.68%
  • ethereumEthereum(ETH)$2,068.983.01%
  • tetherTether(USDT)$1.00-0.01%
  • binancecoinBNB(BNB)$335.485.90%
  • usd-coinUSD Coin(USDC)$1.00-0.09%
  • rippleXRP(XRP)$0.4271622.43%
  • cardanoCardano(ADA)$0.563.78%
  • Binance USDBinance USD(BUSD)$1.00-0.03%
  • SolanaSolana(SOL)$53.884.50%
  • polkadotPolkadot(DOT)$10.665.88%
  • dogecoinDogecoin(DOGE)$0.0882363.60%
  • AvalancheAvalanche(AVAX)$32.614.08%
  • Lido Staked EtherLido Staked Ether(STETH)$2,029.153.58%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$30,411.001.66%
  • tronTRON(TRX)$0.0768041.09%
  • Shiba InuShiba Inu(SHIB)$0.0000124.83%
  • VectoriumVectorium(VECT)$425.81-3.49%
  • daiDai(DAI)$1.00-0.10%
  • Power CashPower Cash(PRCH)$0.017570881.24%
  • AlexAlex(ALEX)$0.068435-0.04%
  • litecoinLitecoin(LTC)$73.643.77%
  • CronosCronos(CRO)$0.1995703.86%
  • matic-networkPolygon(MATIC)$0.705.76%
  • LADZLADZ(LADZ)$0.0686894.36%
  • leo-tokenLEO Token(LEO)$4.910.42%
  • NEAR ProtocolNEAR Protocol(NEAR)$6.404.50%
  • FTX TokenFTX Token(FTT)$30.881.50%
  • HederaHedera(HBAR)$0.389473-3.44%
  • bitcoin-cashBitcoin Cash(BCH)$202.592.91%
  • RareRare(RARE)$0.0461220.00%
  • moneroMonero(XMR)$198.429.78%