Jump to content
panmores

Assuming XRP are declared a security, what's Ripple's plan B?

Recommended Posts

As some pointed out already, there could be benefits in XRP being declared a security.

To begin with, XRP does not grant voting rights in Ripple, nor does Ripple pay out money to XRP holders, like some other security tokens that have ICOed. XRP is a utility token, through and through.

But who knows about the powers that be within the SEC?

My main worry is that XRP being declared a security would create gaps / friction within the payment chains. XRP couldn't perform the way supposed to perform originally.

Ripple must be working on a plan B to counter any such worries and potentially disrupting developments.

How could XRP still do what they're supposed to do should they be declared a security?

Share this post


Link to post
Share on other sites
37 minutes ago, panmores said:

As some pointed out already, there could be benefits in XRP being declared a security.

To begin with, XRP does not grant voting rights in Ripple, nor does Ripple pay out money to XRP holders, like some other security tokens that have ICOed. XRP is a utility token, through and through.

But who knows about the powers that be within the SEC?

My main worry is that XRP being declared a security would create gaps / friction within the payment chains. XRP couldn't perform the way supposed to perform originally.

Ripple must be working on a plan B to counter any such worries and potentially disrupting developments.

How could XRP still do what they're supposed to do should they be declared a security?

In my opinion if XRP were labeled a security in US jurisdictions, we'd see Ripple essentially move operations outside of the United States. The USD would continue to devalue and the US would find itself on the wrong side of history. It would become valuable only as an exchange between other digital assets and other fiat currencies in pipelines that use it for utility. USD value would probly crash. 

I'd say it'd be dead, except the rest of the world doesn't have to abide by US securities laws, though they are quite ubiquitous. 

Share this post


Link to post
Share on other sites
1 hour ago, panmores said:

How could XRP still do what they're supposed to do should they be declared a security?

Via regulated exchanges rather than unregulated exchanges. XRP bought and sold by accredited investors rather than unaccredited. Operating within the more regulated securities legal framework rather than whatever it is now. 

In the event it happens, farm league investors will be forced into the major league. 

Share this post


Link to post
Share on other sites

So all goes to hell... naysayers have the last laugh... believers bow their heads... laughter heard all throughout the cryptosphere.... sadness prevails... instantly XRP finds a value that reflect the outcome... Ironically, that value is 1.50... ....

I mean, isn't that believable considering good news has historically dropped the price and I would imagine XRP would have a per-coin value atleast 3 times that of BitConnect!!!

Here's where it gets interesting... What the hell is Ripple going to do with their XRP?  It will be burned!! 60 billion coins burned!!! .....

Fomo ensues.... local, national news channels pick up the story.... more fomo ensues.... PRICE SKY ROCKETS..... MORE MEDIA ATTENTION....

XRP ends up becoming a true store of value and is dubbed "Digital gold 2.1".....'

Moral of the story..... even with failure, XRP will make you rich!!!

Share this post


Link to post
Share on other sites
2 minutes ago, Kiwi said:

Of course it is important, thats why we have here 100 topics exactly like yours..

https://www.xrpchat.com/topic/25496-assuming-xrp-are-declared-a-security-whats-ripples-plan-b/?tab=comments#comment-467258

https://www.xrpchat.com/topic/25466-expert’-states-xrp-xrp-is-a-security-ripple-adopted-a-“wrong-regulatory-approach”/?tab=comments#comment-465633

https://www.xrpchat.com/topic/25130-another-security-lawsuit-xrp-is-not-a-security-if-any-doubt-read-this/?tab=comments#comment-454503

https://www.xrpchat.com/topic/24688-sec-cannot-say-xrp-is-not-a-security-not-yet/?tab=comments#comment-440363

https://www.xrpchat.com/topic/25105-here-is-the-upside-of-ripple-xrp-being-declared-a-security/?tab=comments#comment-453832

https://www.xrpchat.com/topic/25016-what-if-xrp-is-security/?tab=comments#comment-450771

https://www.xrpchat.com/topic/24734-why-xrp-is-not-a-security/?tab=comments#comment-442054

https://www.xrpchat.com/topic/24668-ripple-xrp-may-already-have-non-security-status/?tab=comments#comment-439677

https://www.xrpchat.com/topic/24646-lets-say-xrp-is-deemed-a-security-what-happens-next/?tab=comments#comment-438996

https://www.xrpchat.com/topic/24707-the-burning-question-is-xrp-a-security-going-in-depth/?tab=comments#comment-441013

https://www.xrpchat.com/topic/24764-garlinghouse-3-reasons-why-xrp-is-not-a-security/?tab=comments#comment-442773

https://www.xrpchat.com/topic/24658-ripple’s-deal-with-us-treasury-defines-xrp-as-a-currency-not-a-security/?tab=comments#comment-439426

https://www.xrpchat.com/topic/24710-make-your-own-“is-xrp-a-security”-thread-with-this-helpful-template/?tab=comments#comment-441177

https://www.xrpchat.com/topic/24678-xrp-is-not-a-security-us-treasury-bureau-fincen-classify-xrp-as-a-currency/?tab=comments#comment-439952

https://www.xrpchat.com/topic/24329-is-ripple-able-to-claim-xrp-is-not-a-security-due-to-a-loophole/?tab=comments#comment-428235

https://www.xrpchat.com/topic/24570-is-xrp-a-security-or-not-lets-find-the-answer/?tab=comments#comment-436462

https://www.xrpchat.com/topic/24645-fincen-agreement-means-xrp-is-not-a-security-apparently/?tab=comments#comment-438993

https://www.xrpchat.com/topic/24656-ripple’s-deal-with-us-treasury-defines-xrp-as-a-currency-not-a-security/?tab=comments#comment-439341

https://www.xrpchat.com/topic/24603-david-schwartz-and-why-xrp-is-no-security-for-him/?tab=comments#comment-437486

https://www.xrpchat.com/topic/24306-why-would-it-be-bad-for-xrp-value-if-it-was-deemed-a-security/?tab=comments#comment-427178

https://www.xrpchat.com/topic/24555-sec-backtracks-says-there-is-a-difference-between-a-utility-and-a-security-token/?tab=comments#comment-435887

https://www.xrpchat.com/topic/24437-security-token-summit-–-interesting-points-being-made/?tab=comments#comment-432279

https://www.xrpchat.com/topic/24373-the-problem-the-sec-is-facing-and-why-diamonds-would-have-to-be-classified-as-a-security-too-if-you-believe-the-fud/?tab=comments#comment-429996

https://www.xrpchat.com/topic/24378-another-investor-lawsuit-claims-xrp-is-a-security/?tab=comments#comment-430256

https://www.xrpchat.com/topic/24197-bittrex-ceo-bill-shihara-says-ripple-xrp-is-not-a-security/?tab=comments#comment-422336

https://www.xrpchat.com/topic/24148-xrp-currently-deemed-non-security-by-bittrex-ceo/?tab=comments#comment-420363

https://www.xrpchat.com/topic/23277-for-those-worried-about-xrp-being-classed-as-a-security/?tab=comments#comment-386605

https://www.xrpchat.com/topic/23293-bg123-riddle-whbuemu5sanvr-and-sharing-if-eth-is-a-security/?tab=comments#comment-387440

 

https://www.xrpchat.com/topic/23243-what-happens-if-xrp-is-classified-as-a-security-or-token/?tab=comments#comment-384801

https://www.xrpchat.com/topic/23226-how-to-get-a-non-security-ruling-for-xrp/?tab=comments#comment-384228

https://www.xrpchat.com/topic/22940-for-a-minute-imagine-xrp-as-a-securitynow-imagine-xrp-listed-on-nasdaq/?tab=comments#comment-371711

https://www.xrpchat.com/topic/22061-lawson-baker-xrp-is-a-security-ripple-is-the-issuer/?tab=comments#comment-334929

https://www.xrpchat.com/topic/22444-ripple-says-its-cryptocurrency-xrp-is-not-a-security/?tab=comments#comment-349306

https://www.xrpchat.com/topic/22251-is-xrp-a-security-that-and-other-ripple-debates-explained/?tab=comments#comment-342076

https://www.xrpchat.com/topic/22247-is-xrp-a-security-that-and-other-ripple-debates-explained/?tab=comments#comment-342030

https://www.xrpchat.com/topic/22155-centralized-ripple-is-probably-a-security-token/?tab=comments#comment-338166

https://www.xrpchat.com/topic/19045-was-xrp-an-ico-is-it-a-security-future-for-nonaccredited-investors/?tab=comments#comment-254401

 

Great work, thanks! 

My question, however, was about the plan B. Not whether XRP will be declared a security or not. Not interested in more speculation.

The question posed is:

What viable options Ripple could be working on to offset any potential XRP disruption.

Share this post


Link to post
Share on other sites
Guest
15 minutes ago, panmores said:

Great work, thanks! 

My question, however, was about the plan B. Not whether XRP will be declared a security or not. Not interested in more speculation.

The question posed is:

What viable options Ripple could be working on to offset any potential XRP disruption.

There's no plan B. People seem to forget the fines Ripple Labs would have to pay would be enough to bankrupt the company.

Share this post


Link to post
Share on other sites
3 hours ago, Hodlezerper said:

we'd see Ripple essentially move operations outside of the United States.

with all the opportunists crawling out of the woodwork to sue, i'd be surprised if Ripple made it to the airportl

Share this post


Link to post
Share on other sites
19 minutes ago, ed1 said:

There's no plan B. People seem to forget the fines Ripple Labs would have to pay would be enough to bankrupt the company.

This. Ripple would suddenly become a massive equity offering with no product or service behind it, that holds a large regulatory liability. The price would fall to 0 and the firm would be wound down. Poof, over. 

Ironically, if it happened, the SEC would be converting Ripple the company from a novel payment services provider into a Ponzi scheme, destroying an innovative piece of technology to maintain the status quo. Scary stuff.

Share this post


Link to post
Share on other sites

×