XRP And SEC Drama Gives Birth To A New Kind Of Threat Against Cryptocurrency

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Crypto regulation is shown on a business photo using the text

If you are an XRP holder or invested in the crypto market, you will want to pay attention to the drama unfolding between Ripple and the SEC. There have been a few developments over the past few days which highlight the foreseeable end to the groundbreaking case. In 2021 exchanges like Coinbase and other American exchanges had to suspend trading XRP due to the case brought against Ripple by the SEC. 

As of right now, the case seems to be in its final stretches with a loser in sight. It would appear that the SEC had someone overseeing regulations with links to rival tokens. When we think about crypto and the dangers of crypto, we often think about the threat of hacking. Hacking and rug pulls take billions of dollars away from investors each year. I do not think many of us would have ever thought about someone from the SEC engaging in a similar kind of corruption. 

Washington DC, USA – October 12, 2018: United States Securities and Exchange Commission SEC architecture closeup with modern building sign and logo with red flags by glass windows

A group of emails were made public, which warned about a relationship between the former director William Hinman and a group with ties to ETH. The SEC is now talking about a Summary Judgment with Ripple and keeping certain emails private. As an XRP holder, I would love nothing more than to see the information inside the emails. However, if those emails could tank the crypto market, I feel that they should be left private. 

With Biden placing former Ripple adviser Michael Barr to oversee Federal Regulations, it is safe to say Ripple is here to stay. One must wonder what the future has in store for Ripple and XRP in terms of their place in the United States. After this lawsuit ends, will we see anything happen to Hinman? I am leaning towards no. Since we have little to no real regulation regarding cryptocurrency, it would be hard to do anything to Hinman regarding his interference with XRP. 

Science technology concept. Education. EdTech.

Many XRP investors that I hear from want to see a class-action lawsuit against Hinman. However, without regulations in place, it will be hard to establish a line between right and wrong. At the end of the day, the lack of clarity was the weapon that brought down the SEC’s case. This case highlights the need for new regulations that shield crypto investors and those who create currency. Yet, it also highlights the need to be more watchful over those interpreting the laws.

https://financefeeds.com/breaking-ripple-scores-win-as-secs-damning-emails-revealed/

As always, I am not a financial expert. I just like crypto.

Mcontent’s Rise And How New Investors Are Finding A New Shot At Their Bitcoin 2.0.

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Over a week ago, Mcontent saw their token hover around 9 to 8 zeros. Towards the end of the week, after news broke from Yahoo Finance and other sites about lucrative deals for content production, Mcontent jumped from $0.000000001466 to a high of $0.000000005900 within a week. That’s a massive move for a token with under 60 thousand investors. There are some memes with over a million investors having a hard time reaching $0.000000004300 right now.

https://finance.yahoo.com/news/blockchain-nft-backed-film-crowd-202200279.html

The token is doing what many of us thought it would do in terms of growth and rise. Mcontent is a groundbreaking token that will one day rival some of the top streaming platforms, so these moves are to be expected. Surprisingly, there doesn’t seem to be much selling going on compared to other tokens in the price range. This could be because many of the investors in Mcontent are not meme hunters looking to make a quick buck. It is common knowledge by now that we are dealing with a serious token with unmatched potential. I call it Bitcoin 2.0!

Photo by Karolina Grabowska on Pexels.com

While Mcontent is around the price of some memes, it isn’t a meme token. That protects it against some of the issues meme tokens encounter due to the investors cashing out at record numbers. Often I’ve noticed a few meme traders seem to sell at nearly any sight of profit. Many of us see thousands in profits, but knowing Mcontent’s future prevents us from jumping out prematurely.

Mcontent is a token with a solid burn mechanism and a real-life function. These two things will continue to push the token upwards as the ETH bridge comes into play soon. If we can eat a zero by the end of the week, there’s no telling where this token will go after the bridge is put into place. Get ready for a groundbreaking week. We are witnessing solid growth with healthy consolidation patterns.

For anyone wanting to learn more about Mcontent and their development team, I will post their latest video below. They are very open and direct about what the token does and what they see for the future.

As always, I am not a financial advisor, so if you want to learn more about Mcontent, research it, ask your advisor about it!