We Are Nearing An Answer On SEC v. Ripple


Photo by EKATERINA BOLOVTSOVA on Pexels.com
Photo by Towfiqu barbhuiya on Pexels.com

We have rounded the corner, and we are now racing down to the finish line. Over the weekend, the SEC and Ripple simultaneously entered their motion for summary judgement. It’s not sure if investors will know something this week, or a month from now! However, it is safe to say both the SEC and Ripple are ready to move on.

This is a very interesting time for investors like myself. It is known that $XRP has the potential to do big things. We are talking about a project that was designed to basically be Bitcoin 2.0! I think we need the utility of XRP because it simplifies the process of getting funds from banks.

About a year ago, I purchased my car at a local dealership. I didn’t want to finance it, so I had the money wired from our account to the dealership. The process took around three days to complete because it was started on a Friday. It was a very irritating transaction due to all the steps needed in order to move my money from the bank to the dealership. Near the end of the first day, I was ready to get my car from Carvana and call it a day. However, my husband wouldn’t let me, so we ended up trying to help our local dealership get business.

It’s safe to say, I do not want to go through that again. We need XRP because it will cut down on the time to complete transactions. In the future, I would love to purchase a house without financing it. I hate playing with interest rates, so our large purchases have been completed with cash, and guess what, there are many others that feel the same way. In Ripple’s motion, the team points out that they have never tried to link the sales of XRP with Ripple.

I’m going to post the link below which lays out the argument and the potential for movement.

https://www.dropbox.com/s/qnbvzhurmipkmto/Ripple%20Defendants%27%20Motion%20for%20Summary%20Judgment.pdf?dl=0

Right now $XRP is currently available to exchanges outside of the United States. If Ripple is able to win this case, we will see exchanges like Coinbase, Etoro, and other financial brokerages offering crypto list XRP. With regulation looming over the offering of crypto and governmental guidance starting to take notice, we will know something sooner than later.

https://www.cnbc.com/2022/09/16/heres-whats-in-biden-framework-to-regulate-crypto.html

I knew about Bitcoin prior to Bitcoin reaching 15000, but I didn’t know how to get in on the action. Today people are in better shape when it comes to gathering information on crypto. There are numerous sites that talk about how to get crypto and where to buy it. So, count yourself lucky if you are reading this.

As always, I am not a financial advisor. Be careful in the crypto world. NFA

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