The company is embroiled in a lawsuit, filed in 2020, in which the agency accused Ripple of raising $1.3 billion in unregistered digital-asset securities by issuing XRP tokens. The SEC’s key claim is that XRP is not a currency, but a security, and therefore subject to strict securities laws.
Ripple — the company that developed the software that the XRP (CRYPTO: XRP) network runs on — could burn a sizeable portion of the coin’s total supply.
Why you should not invest in XRP?
In a nutshell the Securities and Exchange Commission has been investigating whether XRP token is an unregistered security for nearly two years, given its finite supply controlled by Ripple Labs. And that opens up the token to securities violations according to arguments made by regulators.
What is wrong with XRP?Is XRP illegal in the US?
While it’s challenging to buy XRP in the U.S., you can still technically buy it with U.S. dollars (USD). CoinMarketCap lists which exchanges allow you to trade USD (as well as other fiat or cryptocurrencies) for XRP, but note that these won’t all allow you to buy it in the U.S.
Will XRP win the lawsuit?
Ripple, the developer of the XRP blockchain of which XRP is the native token, secured a big win this week in its ongoing lawsuit with the US Securities and Exchange Commission (SEC).
What is wrong with XRP?Is it worth investing in XRP 2022?
Based on the predictions from PricePrediction, XRP will be bullish in its long-term prognosis. According to them, the average value of XRP in 2022 will reach 1.22 USD in 2022 and reach 3.63 USD in 2025.
Can you get rich from XRP?
Considering the factors highlighted above, Ripple seems like a decent option for long-term cryptocurrency investment. It has also been predicted that the value of XRP will soar in the coming years. The coin may be worth so much in ten years’ time that it will make you rich.
Who owns the majority of XRP?
The current Ripple CEO is Brad Garlinghouse, who owns a reported 6.3% stake in the company, as well as additional XRP tokens. His net worth, based on the current rate, would be nearly $10 billion, placing him in the mid-50s on Forbes’ list of wealthiest Americans.
Will XRP reach $50?
Learn about XRP in this video:
How much is 1 XRP Coin?
XRP Price Summaries XRP’s price today is US$0.3395, with a 24-hour trading volume of $1.12 B. XRP is -3.03% in the last 24 hours.
Will XRP reach $10?
Anything is possible, but it’s doubtful that Ripple will reach $10 in the foreseeable future. The XRP potential will grow if the coin becomes the best choice for cross-border payments by financial institutions, but this is a very rosy long-term prediction.
What will Ripple be worth in 2025?
What Will XRP Be Worth by 2025? Experts see XRP continuing to gain value through the next few years. Changelly offers an XRP price prediction of $1.47 at a minimum and $1.76 at a maximum in 2025. A panel of experts polled for Finder pegged XRP at $3.61 by the end of 2025.