Popular Post yugioh 84 Posted February 8 Popular Post Share Posted February 8 What are your thoughts guys ? bloodyarmrest, JASCoder, aavkk and 7 others 6 4 Link to post Share on other sites
JASCoder 2,238 Posted February 8 Share Posted February 8 This public declaration, along with Hester's recent comments, really improves my optimism on what's transpiring in the background at the SEC and related parties. #GotZerps ? aavkk, Cesar1810, Live4xrp and 1 other 4 Link to post Share on other sites
aavkk 2,712 Posted February 8 Share Posted February 8 This is consistent with Hester's comments from the other day on Real Vision. This is also consistent with most level-headed analysis of the proceedings. My interpretation is that there will most likely be some settlement indicating wrongdoing by Brad, Chris and potentially, though less likely Ripple itself. In the course of this it will be decided that the asset itself, XRP, is in fact not a security. The sad fact is that should this likely scenario play out most XRP holders in the US who sold on the way down will likely face a far more expensive re-entry on the way back up due to the lag in US exchanges re-opening access. We will probably learn of the settlement a day or two before its announced via enormous price action upwards. JASCoder, wogojump, Cesar1810 and 3 others 6 Link to post Share on other sites
JASCoder 2,238 Posted February 8 Share Posted February 8 51 minutes ago, aavkk said: We will probably learn of the settlement a day or two before its announced via enormous price action upwards. Also, some lucky insiders and well connected, will no doubt get the jump on the rest of us moonboi punters. bx549 and wogojump 2 Link to post Share on other sites
wogojump 378 Posted February 8 Share Posted February 8 (edited) Yes, Brian Brooks predictions are in par with what other legal experts are predicting as most likely outcome. The litigation will be focused on how Ripple violated security investment contracts in the past, rather than debating XRP is currently a security. Then it is just a matter of exactly when and what settlement agreements will be made between SEC and Ripple. Edited February 8 by wogojump Julian_Williams 1 Link to post Share on other sites
Barefooter 27 Posted February 8 Share Posted February 8 2 hours ago, aavkk said: This is consistent with Hester's comments from the other day on Real Vision. This is also consistent with most level-headed analysis of the proceedings. My interpretation is that there will most likely be some settlement indicating wrongdoing by Brad, Chris and potentially, though less likely Ripple itself. In the course of this it will be decided that the asset itself, XRP, is in fact not a security. The sad fact is that should this likely scenario play out most XRP holders in the US who sold on the way down will likely face a far more expensive re-entry on the way back up due to the lag in US exchanges re-opening access. We will probably learn of the settlement a day or two before its announced via enormous price action upwards. Let's hope that CryptoBull2020 is correct! Yes from the beginning I have surmised that this would get settled quickly rather than having it drag out. Brad and Chris will pay some kind of fine and then XRP will be determined to not be a security. I'm hoping it is classified as a "currency" but who knows. Something is fishy with all the exchanges halting trading though. Link to post Share on other sites
aavkk 2,712 Posted February 9 Share Posted February 9 4 hours ago, JASCoder said: Also, some lucky insiders and well connected, will no doubt get the jump on the rest of us moonboi punters. The only real defense is holding. JASCoder and yugioh 1 1 Link to post Share on other sites
SquaryBone 851 Posted February 9 Share Posted February 9 12 hours ago, wogojump said: Yes, Brian Brooks predictions are in par with what other legal experts are predicting as most likely outcome. The litigation will be focused on how Ripple violated security investment contracts in the past, rather than debating XRP is currently a security. Then it is just a matter of exactly when and what settlement agreements will be made between SEC and Ripple. Great news! still no regulatory clarity it means. Still no explicit OK for XRP. Link to post Share on other sites
SquaryBone 851 Posted February 9 Share Posted February 9 11 hours ago, Barefooter said: Brad and Chris will pay some kind of fine and then XRP will be determined to not be a security. I'm hoping it is classified as a "currency" but who knows. Since the case is not about whether or not XRP is a security it will not be determined a (non-)security. So it won't be classified as currency either. It would still be regulatory unclarity after which Ripple hides the poor adoption of XRP. Link to post Share on other sites
thinlyspread 3,475 Posted February 9 Share Posted February 9 17 hours ago, yugioh said: What are your thoughts guys ? I mean I hope so. I WANT to believe! But this will take many many months anyway, minimum. Best case mid 2021. Worse case, well into 2022 (or SEC wins...). I was watching Bloomberg today and they've all become fairly pro bitcoin or at least accept the narrative on which it's based, and they shat all over XRP. COuldn't believe what I was watching, but I also couldn't blame them. It's a total disaster of a situation that could have been prevented by better mgmt at Ripple IMO panmores and WarChest 2 Link to post Share on other sites
Archbob 1,106 Posted February 9 Share Posted February 9 I think the earliest likely date of Settlement is actually Sept 22nd. I still think it'll drag on into next year. Link to post Share on other sites
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now