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.

The Shiba Inu Outcome Will Predict The Winner Of Math In Cryptocurrency

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Is cryptocurrency controlled by a single mathematical equation that predicts if a coin can prosper or fail? This is the question of the year. According to everything we’ve seen and learned over the past year, cryptocurrency seems to go by a different playbook.

While most of us fear large circulations of coins and uncertain market caps, some coins seem to be immune to the restraints of mathematics. Shiba Inu will be the coin to either prove that circulation and market cap are not treated the same in cryptocurrency or math is math. It is a very telling time for the industry, and it will help bring light to issues that are currently being debated all over Twitter.

With regulators here in the United States researching how cryptocurrency will work in banking systems, you can bet, all of these questions will need answers. One has to wonder how regulators will handle and classify certain cryptocurrencies. Will they post warnings as they do on penny stocks? Will they go back to whitepapers, defi ratings, or will they use another method of vetting?

There’s so much we still have to learn about whitepapers, security, rug pulls, blockchains, and the coding behind the currencies. Shib will tell us if cryptocurrency uses the mathematical rules that a lot of analysts are going by. You know, everyday math! I did a little research, and there are very few colleges that offer a degree in cryptocurrency. Some colleges have classes in blockchain technology, maybe even degrees. However, when it comes to using cryptocurrency in a financial system, I think one came up.

This is somewhat concerning when you have people trying to make rules on something that has no playbook. So, one of the ways we learn is by observing. Hopefully, someone is writing all of these cryptocurrencies and the way they move into a book for a degree program. Can Shib get to one cent? That is the question, and it will be the defining factor in how much we know or still do not know about the land of cryptocurrency.

As always, I am not a financial advisor. I am just a fan of crypto.

Can Shiba Inu Keep Up The Good Fight?

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Yesterday was a great day for Shib investors. It’s sort of funny because this weekend I was talking to my daughter about her Shib bag. She had maybe a total of 20 million, and after we talked, she increased it to over 50 million Shiba tokens. It turned out her weekend investment came at the right time.

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Crypto is a very funny little beast. If you are starting and you do not understand it, I would talk to a financial advisor. Due to my mistakes with Dogecoin and listening to perhaps the wrong people, I did things a little differently this go around. Timing is the key!! It also pays to be watchful. So, let’s get down to the rumors about Robinhood. Rumors on Twitter have been swarming about a potential listing by Robinhood.

If it happens, I would be surprised to see it take place this week. I’m not going to lie; it was one of the reasons I went on and purchased more coins. If they do trade Shib, the coin will go up again. I wanted to be a whale, but if Shib keeps going at the rate it’s going at, it will knock that dream out of the water for me. I guess that’s a good thing, but I wanted whale status.

I think my main fear is of the SEC doing something shady. Now that we know they tend to act questionable, it does sort of place a cloud over the potential of crypto trading. I think we need a new department geared towards the stewardship of crypto. I feel like the SEC is too dated with laws reaching back to over 100 years ago that might not be valid in a techno-driven world.

I think crypto brings a certain level of privacy that scares the hell out of governments. It brings a way to create new millionaires and billionaires. We are looking at the beginning of a new financial system. I read an article yesterday which talked about how Bank of America is starting to research crypto. This is huge, and it will not be the last bank to take this project on.

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There’s money to be made in the crypto market, and the powers to be are seeing that it isn’t just from Bitcoin. There are a lot of coins that people can get behind, and some of those coins will result in millions. There’s also a chance people could lose a lot of money. I have one daughter who refuses to touch investing on any level. I was willing to give her 50 bucks to put in a small coin, and she declined the offer. You will have a lot of people who are skeptical of change.

I missed out on Bitcoin because nobody knew anything about crypto. I asked around for years and even researched it, but I had no clue about exchanges or any of that stuff. I credit Robinhood for turning the light on about cryptocurrency. Had it not been for Robinhood, many of us wouldn’t know about Dogecoin or anything else. Before learning about cryptocurrency, I would waste money on rings, Starbucks, and lotto tickets. Sometimes, I would buy the occasional expensive purse here and there.

I managed to take that money that I would put on stupid stuff and get returns that have helped my family out. Last summer, we needed a new AC, and guess what??? My crypto was able to help out. So, I am finding new uses for the money I would normally throw away. That’s why I crypto!

I am not A financial advisor, so before you invest anything, talk to someone who might be able to school you on the ups and downs.