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Charting the course of XRP


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5 minutes ago, Akovo said:

I mean for someone as SEC to go after exchanges feels unlogical at this moment before the fate of xrp has full clarity. Sorry for the language barrier, english is not my first language 🙂

They will not go after exchanges as there are no legal basis for that, as of time XRP is not a security, SEC has to prove that and if they succeed than all exchanges must delist it.

As of now exchanges can acknoweledge customers of matter or suspend US customers from buying XRP or be dumb and delist it now.

Now there are already a small portion of private companies that noone know they sell XRP that statw they suspended/delisted XRP, they just trying to Ad on the hype and audience is huge. Now you know them.

Now Coinbase, its harder for them as they go through IPO and have a set of dificult decisions to make. Need to watch.

In any case, heat headed decision like delisting is not spirit of crypto and before to hurt Ripple and XRP need to think twice who you really atack.

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What sort of % are we looking at for daily trades of XRP from the USA?

I mean let’s say SEC rules against them this just effects exchanges registered on the USA right? No effect to the rest of the worlds exchanges? So would I be right in thinking that Ripple could just up sticks and move to any one of the countries that sees XRP as a currency like the UK and sticks it’s fingers up to the USA, or maybe I’m simplifying it way to much?  

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3 minutes ago, B088IN said:

What sort of % are we looking at for daily trades of XRP from the USA?

I mean let’s say SEC rules against them this just effects exchanges registered on the USA right? No effect to the rest of the worlds exchanges? So would I be right in thinking that Ripple could just up sticks and move to any one of the countries that sees XRP as a currency like the UK and sticks it’s fingers up to the USA, or maybe I’m simplifying it way to much?  

US represents about 5% of XRP daily volume. The issue is more related to Ripple which is XRP's champion.

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3 minutes ago, Troote said:

US represents about 5% of XRP daily volume. The issue is more related to Ripple which is XRP's champion.

So Ripple could just move out of the USA then right, then no longer has to answer to the SEC and could flourish in a country that seemingly embraces tech and wants to move forward instead of hindering. I am still convinced this is all political and simply the USA’s politicians clutching at straws and trying to prevent the inevitable change that is coming with crypto/Fintech as a whole and trying to keep the $ as it’s champion. 

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1 minute ago, B088IN said:

So Ripple could just move out of the USA then right, then no longer has to answer to the SEC and could flourish in a country that seemingly embraces tech and wants to move forward instead of hindering. I am still convinced this is all political and simply the USA’s politicians clutching at straws and trying to prevent the inevitable change that is coming with crypto/Fi tech as a whole and trying to keep the $ as it’s champion. 

Sure, they could. They are considering it.

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7 minutes ago, B088IN said:

What sort of % are we looking at for daily trades of XRP from the USA?

I mean let’s say SEC rules against them this just effects exchanges registered on the USA right? No effect to the rest of the worlds exchanges? So would I be right in thinking that Ripple could just up sticks and move to any one of the countries that sees XRP as a currency like the UK and sticks it’s fingers up to the USA, or maybe I’m simplifying it way to much?  

Ripple has presence in a lot of countries, the Ripple Asia I think biggest one. In any case rebrading, new executives, new country, same idea, same XRP.

Though question is opened: what will happen to escrow?

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