The SEC’s Assault On Cryptocurrency With Ripple Setting The Pace

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Crypto regulation is shown on a business photo using the text

Hopefully, you are paying close attention to the crypto market this month. The lawsuit between the SEC and Ripple is starting to get a little crazy. If you are anything like me, you should be in awe of how the SEC is still managing to defy court orders. With all the affidavits flying around this case, you would think we would be near a ruling. However, we are still in limbo.

The problem is that we do not have enough people talking about what happened with the Hinman situation. Sure, we have some Republican Congressmen starting to raise concern over the Hinman emails, but we should have both sides of the house deeply invested in this case. You cannot have this sort of situation take place with members who seek to govern the very market they are attacking for personal gain.

We have a lot of XRP investors being represented by John Deaton, which is a great thing. To have a government agency interfere with the outcome of a financial market is somewhat alarming. This is why we need regulations. Regulations are not always a bad thing, they help keep people in line, they also help prevent Ponzi projects, and they protect investors.

Crypto isn’t going away! You have companies like Blackrock, JP Morgan, and Wells Fargo getting into relationships with crypto! These companies are found in 401ks across the nation and hold some of the most lucrative portfolios. So, get ready for the new normal.

As always, this is not financial advice! Talk to your advisors about any stocks or crypto-currency that you want to invest in. Have a great week.

Can XRP Shape The Beginning Of A Crypto Revolution?

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Photo by Tima Miroshnichenko on Pexels.com

For those of you who have been following XRP and the SEC saga, yesterday was a good day for Ripple. I honestly think the SEC’s lawyer got caught up in a bit of a fib. For anyone who’s ever been to court, you know how pissed off judges get when they catch people in lies. I’ve seen cases pretty much thrown out because of blatant lies. So, the fact that the SEC was kind of caught with their pants down around their knees shows how unprepared they were for the storm XRP bought up on them. According to some of the outlets that have been following XRP, the SEC has a habit of hitting cryptocurrencies with questionable lawsuits. This could be the case that actually brings forth a stronger need for understanding cryptocurrency within our government.

Photo by RODNAE Productions on Pexels

I think a big problem for the people who are heavily associated with stocks and bonds is that they are seeing less than favorable returns. The less money coming into the stock exchange hurts their pockets. We now have options that we didn’t have years ago regarding where we want to put our money. My personal opinion is that the stock market no longer has the glitz and glamour appeal.

We are living in a new age, things are becoming more modernized. Don’t get me wrong I’m not saying the stock market is going to go away, but I am saying the cryptocurrency market is going to be a major driving force in the future.

One of the main things that attracted me to the cryptocurrency market was my ability to trade any time of the day. Not only does it afford people the ability to trade anytime of the day, but I’m able to access currency that’s still in its infancy.

I go back to the article I wrote some months ago about how everything advances. That is the reason you’re seeing the SEC and some congressmen fight cryptocurrency. They are not ready for that advancement, we are talking about people who are in their sixties and seventies. They grew up on fortunes made by stocks.

The SEC was trying to pinch XRP on a law that was written a zillion years ago. Okay maybe it wasn’t written a zillion years ago, but you get my point. How should an old law that has no precedence over cryptocurrency rule cryptocurrency?

I really do believe the SEC versus Ripple case will go down as a standard for the the treatment of cryptocurrencies. At the end of the day, I believe with all my heart the SEC manipulated XRP, and this is why XRP is currently under $2 while other currencies are taking off.

Change doesn’t have to be bad and it’s really exciting when you think about it. Instead of fighting cryptocurrency the government should be welcoming cryptocurrency.

We are living in a post pandemic world, and there will be many changes that will come in the future, due to the pandemic. Currency could very well be one of those changes especially cryptocurrency due to its ability to pass from wallet to wallet without spreading germs.

As always, I’m not a financial advisor! Do not do anything that you think I would do or wouldn’t do. This is your future, talk to an investment professional if you have questions regarding cryptocurrency or stocks and bonds.

PS anyone know anything about planting coconut trees?????