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.

We Need A Robinhood Listing To Answer If Circulation Matters Pre Mass Adoption? Shiba Test.

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Many of us are waiting to see if Robinhood decides to list Shiba Inu. The listing will be a sign of things to come for the meme tokens of the future. If Robinhood decides to list Shib on their exchange, and we see a rise towards the one-cent dream we keep hearing about, a critical point will be made about cryptocurrency and circulating supply.

However, if a major burn gets implemented before the listing, the stance on circulating supply stands correct. How much do we know about cryptocurrency and its relationship to everyday mathematical practices? I’m ready to see the question answered! We are witnessing a shift in monetary systems across the globe. The entirety of crypto is now on the center stage with all eyes watching every saga. New coins will copy whatever they see regarding successful projects.

Photo by RODNAE Productions on Pexels.com

As cryptocurrency slowly starts to replace everyday forms of payment, we will see new projects being introduced with wider acceptance. Perhaps, this is why I am paying attention to tokens like ETH, XRP, and Mcontent. These tokens have functions that will replace the foundation of how we accomplish everyday practices via finance, wiring, and transferring. They have the means to rewrite the future. As for the future of the circulating supply issue, it will depend on Shiba Inu to some degree. We will learn one or two things by watching Shib shortly.

#1. We will see if hard burns need to take place for a token to reach more than a cent!

#2. We will see that some tokens have supplies that are too massive to overcome.

I believe with the right type of burn function, a token can be successful with circulating obstacles. As always, please remember this is for entertainment only! Do not go out and fix your portfolio based on anything you read on my blog. Seek out financial professionals who do this for a living!

The Chance For Rugpulls Might Grow As We Get Closer To Regulation.

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Scam Alert written on multiple road sign

As we get closer to the beginning of the US banking system accepting cryptocurrency, we may see more rug pulls regarding memes. The latest rug pull is TZKI which is a coin I invested in nearly a week ago. Soon after I invested, the project team decided to launch another coin. At this point, red flags should have been going off. I quickly reduced my tokens and invested in other projects.

My husband and I were in San Antonio for the majority of today doing mom and dad stuff! After we returned home, I checked our market, and I noticed TZKI was down 85%, if not more. After looking on the homepage of the exchange we used to purchase TZKI, I learned that they had disabled trading. So, I went to Twitter, and apparently, the TZKI coin rug pulled!
I am not surprised because it didn’t make sense to add another coin so soon unless they were trying to make money quickly.

I have decided to add to the ten cryptocurrencies I have right now, and shortly, I will be staying away from any new memes. TZKI marks the second popular rug pull in about two months. Right now, I want to work on getting my XRP bag to a healthy level, so extra money will be going that way! I still have my SHIBA INU and other alts.

I feel bad for some of the people who invested large amounts in TZKI, but the listing of the second coin at the same price should have resulted in a big caution sign. I still have my reservations about some of the other projects, but it isn’t my job to tell you what to buy or not to buy. I have no issues telling you about what I’m doing, but you have to make financial decisions on your own.

ALWAYS check your currency, do 24-hour checks, weekly checks, and anything else to see if something has come up. One Twitter account stated that the issue with TZKI was that everything sounded right. They knew what to say and how to say it! This is true, but there was something they couldn’t fluff up, and that was the pace. They were trying to move much too fast for someone who wanted to make a lasting impression on the crypto world. So, be careful when you are investing and do not let your guard down. You will see more situations like this in the near future. They know their time is limited and they will try to scam as many people as possible. Now might be a great time to be extra careful.

As always, I am not a financial advisor.

Will Robinhood Be Able To Deal With The Mass Number Of Investors Coming From Shiba Inu?

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Now that I’ve successfully finished making and devouring my favorite breakfast coffee, eggs over easy, toast, and a small scoop of blueberry honey on the side, let me turn down my Megan Fox movie, and let’s talk Robinhood. Don’t worry; I can still hear it in the background.

I know, a lot of people are overly anxious to hear about Shib’s listing on Robinhood. However, Robinhood is taking its time and trying hard not to give away clues. Yesterday Robinhood’s CEO Vladimir Tenev tried his best to outrun the question when he was interviewed about offering SHIB! He didn’t say no about the listing and even managed to blurt out some odd rambling about not being the first to list due to safety reasons. We know, Coinbase has a rigorous system when it comes to vetting coins. So, Shib is safe.

Photo by Scott Webb on Pexels.com

If you recall, Dogecoin had to fight for their Coinbase listing. They had people like Mark Cuban and Elon Musk helping to lead the charge. In the end, Dogecoin was listed, but it took some convincing. Another catalyst could have been the timing around Dogecoin’s listing. The Coinbase stock was going down, and the Dogecoin listing, in my opinion, came to the rescue.

Robinhood isn’t in the same situation Coinbase was in when it listed Doge. Therefore, they can take a little time to figure out how to handle the Shiba Inu listing without having platform issues. When Dogecoin was running at its strongest, Robinhood was messing up left and right. Right now, we are talking about a coin that has a massive following! People are checking hour after hour for this Robinhood listing. Coinbase had hiccups their first week in listing Shib.

Any large platform would be a little nervous about this listing if they had issues in the past. Robinhood managed to grow its crypto team and hired people who were capable of dealing with cryptocurrency, but can they keep up with the volume? Wallets are going to be very important. Perhaps we will not see the listing until the wallets are live. I think we are currently 1,313,313 on the list for wallets. One reason the wallets will be important is due to people having coins on other platforms.

I think we need to chill out and let Robinhood figure out how to make the Shib launch successful. I will always feel like part of the issues that prevented Dogecoin from growing were the errors from platforms not knowing how to deal with the volume. I do not want to see that happen to Shib. It is imperative that the Shib listing goes off without Dogecoin flaws. We want a strong Shiba Inu! Now, back to the movie! I think I have like ten more minutes.

I am not a financial advisor.