The Nervous Investor! Awaiting Word On SEC v. Ripple

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I’m sure many of us are biting our nails as we await a ruling on the SEC v. Ripple case. If you are anything like me, your nights are no longer used for sleeping. I am a nervous wreck! Hopefully, Ripple wins the case, and XRP picks up where it left off before getting delisted. I do not want to make speculations about the price because, in crypto, you never know.

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I have learned to hope for the best and mentally prepare for reality! In crypto, it’s best not to get your hopes up because when a token misses the target, it causes people to freak out. After ETH merged, some people thought it would help to bring the price back up. It was holding around $1500.00 until the SEC stated that ETH falls under US jurisdiction.

Some of your ETH investors said nasty things about XRP, and now it looks like the SEC has its eyes locked on them. It is now public knowledge that the prior head of the SEC worked with firms that had direct dealings with ETH. We do not know what kind of relationship he had with ETH, but we know he was warned against contact with a firm due to his position and their involvement with ETH.

This is why we must have regulation. I sound like a broken record, but I will keep saying it. There can be no safety in crypto without regulation. Think about society and how laws work to hold certain practices in place. If we want crypto to become a contender in finance, there have to be regulations put in place. The lack of regulation gives birth to more fraudulent activity. It would be too easy for white-collar crime to ruin the crypto space.

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I don’t want to see ETH go down the same path as XRP because the results would be horrible. However, I want to make sure we have a clear understanding of what happened, so we can prevent it from happening in the future.

As always, not financial advice. Now I can go to sleep.

We Are Nearing An Answer On SEC v. Ripple

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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

Interesting Things Are Happening To XRP

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Ripple (XRP) crypto currency theme concept. Ripple coin or XRP icon on modern circuit board background

So, first of all, I want to say thank you to those who wished me well wishes this past week. It has been a crazy two weeks in my household my husband, daughter, and I all came down with COVID! I don’t think I’ve ever been so tired in all my life. I found three things out that I never knew before having Covid. I hate soup, I love grapes, and I love strawberries. These are the only three things I’m able to eat post-Covid and actually taste. On the bright side of things, I’m feeling better. Yesterday, I finally tested negative after testing positive a few days ago.

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As for my crypto journey, I’ve been adding to XRP. Binance has started offering XRP as a reward. Binance is not alone in offering rewards by way of crypto. Coinbase gives crypto rewards for XLM, Dogecoin, and a few other tokens. The fact that Binance has started offering XRP as a reward makes me think we are on the eve of something with XRP.

There’s been a lot of talk about XRP and the FED in the news and on YouTube. We know some of the top dogs from XRP are now working in top government positions dealing with financials. I would like to believe that it is just a matter of time before American exchains start offering XRP again. However, I think the lawsuit will have to end before our exchanges relist the token.

As ETH gets ready for the merge, we are still being held captive in the courts. The Ripple case is taking forever, which is crazy because we know the SEC had dealings with ETH by way of Hinman. He stopped XRP from gaining ground for questionable reasons. If you wonder why people distrust the government, look at this case. In any other sector, what are the odds of seeing someone who did what Hinman did coming under investigation for inside trading?

I say this over and over, but we need regulation. Regulation will protect investors like myself and future investors from being victims of financial sovereignty. We are in a battle between who controls the flow of cryptocurrency wealth. In the end, I feel like we will see brokerages owning a great deal of the flow. However, until the winner is declared, I will continue to fill my bags.

As always, I am not a financial advisor. I am a mother on a mission.

How Much Longer Can The Case Between The SEC And Ripple Drag On?

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There are new developments in the SEC vs. Ripple case. Do you remember the speech that the SEC tried to use as a baseline for an attempt at guidance over the use of XRP? The draft of that speech and perhaps other interesting details are likely floating around in the Hinman Emails!

The SEC has taken a new approach to safeguard the emails from public eyes. They are claiming that the speech drafts have no claim or relevance to the case. Months ago, they were trying to sell the judge on Hinman using the speech to communicate his views on enforcement protocol for XRP.

It seems as if they have had a change of heart. All of a sudden, the would-be guidance is now nothing more than a draft with no use in the case. If this is true, one has to wonder where the case now stands. The change of heart comes after the judge has repeatedly asked for the Hinman emails. The SEC has constantly defied the judge by not producing the emails; until this latest filing.

https://t.co/CgwzCzmIkF

So, about those emails! The SEC is ready for the judge to see the emails, but only the judge can see the emails. One has to wonder what’s hiding inside the emails! It is starting to look like a giant whirlpool, and the government is at the center of it. Do not take my word for it; read the nitty gritty for yourself.

I will link the tweet with the new information below. It’s a good thing I am patient! I have had to sit through three pregnancies and share two bathrooms with three girls and a husband, so I specialize in waiting. As always, I am not a financial advisor, I’m just a mom with a thing for crypto.

Fun Fact, we are the only country that labeled XRP as a security and it is currently doing business worldwide. The SEC is the only thing standing between us and financial freedom.