The battle all $XRP holders were waiting for. I’m sure lots of holders will be debating whether to sell off this news... a few

@Ripple and @bgarlinghouse will have anticipated this decision by @SEC_News for years, in which time they’ve built out an extremely experienced exec team who are poised and ready for this legal battle to commence.
@bgarlinghouse has led a great PR narrative over the last year, pressing hard for reg clarity in the US via media and threatening to up sticks and move @Ripple overseas. Have the SEC played into his plan to force regulatory clarity that may not have otherwise came quick enough?
@Ripple has shareholders who will expect certain growth in certain timeframes. Has Brad dangled the right carrot to get their attention by talking about leaving the US? Will this suit get legal clarity for $XRP quicker than waiting for industry wide clarity?
If I can work that out, I’m sure he can.

This isn’t just a small startup, it’s a global company with extremely reputable board members, partners and investors, who will also add pressure to the SEC’s case. Take @yoshitaka_kitao in Japan for example.
Ripple have reacted as any experienced firm would:

Straight to the media with an offensive approach, publicly showing the SEC how ready for the fight they are before the filing even happens > facts based doc published stating all the reasons why $XRP is not a security.
@Ripple have the funds and experience to win this case. As an investor, it’s a clear risk reward question mark that should help you determine whether to sell.
Win = $XRP is likely to start dominating the market based on the value it’s used case brings, in turn price goes way higher.

Lose = $XRP drops hard in short term, @Ripple get fined, but then grow their business outside of the US where regulation already permits.
I can’t help but agree this is a last minute ego fluffing move from @SEC_News Jay Clayton, showing abysmal leadership as he’s half way out the door. I’m sure the next chairman will thank him for leaving this one behind.
As a long term holder I’ll continue to hold, as everything I’ve invested I can afford to lose, and have faith that @Ripple will get the outcome they deserve. If you’re worried about losing the money you invested, the risk may be too much to stomach. $XRP
@digitalassetbuy @XRP_OWL @Kevin_Cage_

More from Trading

You May Also Like

🌿𝑻𝒉𝒆 𝒔𝒕𝒐𝒓𝒚 𝒐𝒇 𝒂 𝑺𝒕𝒂𝒓 : 𝑫𝒉𝒓𝒖𝒗𝒂 & 𝑽𝒊𝒔𝒉𝒏𝒖

Once upon a time there was a Raja named Uttānapāda born of Svayambhuva Manu,1st man on earth.He had 2 beautiful wives - Suniti & Suruchi & two sons were born of them Dhruva & Uttama respectively.
#talesofkrishna https://t.co/E85MTPkF9W


Now Suniti was the daughter of a tribal chief while Suruchi was the daughter of a rich king. Hence Suruchi was always favored the most by Raja while Suniti was ignored. But while Suniti was gentle & kind hearted by nature Suruchi was venomous inside.
#KrishnaLeela


The story is of a time when ideally the eldest son of the king becomes the heir to the throne. Hence the sinhasan of the Raja belonged to Dhruva.This is why Suruchi who was the 2nd wife nourished poison in her heart for Dhruva as she knew her son will never get the throne.


One day when Dhruva was just 5 years old he went on to sit on his father's lap. Suruchi, the jealous queen, got enraged and shoved him away from Raja as she never wanted Raja to shower Dhruva with his fatherly affection.


Dhruva protested questioning his step mother "why can't i sit on my own father's lap?" A furious Suruchi berated him saying "only God can allow him that privilege. Go ask him"