binance confirmed 300 xrp will make you a millionaire xrp to 60 thousand dollars
the u s securities and exchange commission sec which will eventually win in the ongoing lawsuit
against ripple will have very little impact on the company's business dealing with payments through
blockchain welcome to the rich club channel if you like this video don't forget to like
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take a look at the instructions in the comments section all you need to do is write the word xrp
watch the video to the end to like and subscribe ripple chief executive officer brad garlinghouse
said tuesday that the company is operating as if it has already lost the case with the commission
in an interview with bloomberg on april 26th brad garlinghouse publicly commented on his firm's
ongoing litigation with the sec ripple has been in litigation with the sec since december twenty
twenty the crux of the matter is whether ripple sold xrp to investors as an unregistered security
and the answer to this question requires establishing whether xrp is a security
garlinghouse stated that the opinion that the xrp token is an unlicensed security is erroneous it
is noteworthy that the liquidity of xrp in the united states dried up after many cryptocurrency
exchanges were forced to download it from their platforms nevertheless the head of ripple noted
that the company's exceptional growth is taking place outside the united states in particular
95 percent of ripple's customers are payment providers outside the united states garlinghouse
then reported that ripple was hiring more people outside the us ripple enthusiasts remain concerned
that xrp could become a security garlinghouse further stated that the securities and exchange
commission had been seeking delays all the time thereby delaying justice he notes that despite the
fact that the agency has repeatedly stated that it is all about transparency in recent months it has
been less than ready with some of its notes the delay of justice is a denial of justice
unfortunately justice is being delayed here due to the sec's ongoing efforts to advance the case
garlinghouse also noted that not only the fate of xrp is at stake but also the future of the entire
us crypto industry the securities and exchange commission has proven that it is not concerned
about the numerous american investors it damages or the number of independent companies it leads
abroad as it seeks to expand the new howie test and its credibility in general beyond common sense
then the head of ripple repeated that the sec should develop a clear regulatory framework for
digital assets instead of applying its regulation by enforcement meanwhile ripple and the sec
continue to argue over procedural issues including the fintech firm's demand that the securities
regulator publish emails related to the infamous speech about ethereum delivered by william hinman
in 2018 ripple's general counsel recently predicted that the trial is likely to last
until 2023 fintech giant ripple has carried out a major update of its corporate website improving
the design and shifting the focus from some areas on which it focused earlier several members of the
xrp community shared their observations on twitter including researcher leonidas hajiloisu who often
follows news related to ripple and xrp and shares them on his twitter page he called the redesign
of the website an extreme transformation the ripple website has just undergone radical changes
he pointed out several major changes that have occurred on the ripple website
now on a par with cross-border payments the site focuses on creating a cbdc and using the liquidity
hub the site offers a detailed description of the registry registration and cbdc release based on
the carbon neutral xrp registry the changes also affected the client section of the ripple website
if it used to offer general information about the number of ripple customer enterprises more
than 300 of them now they focus on case studies of individual companies using ripple technology
the new version of the site also contains a page dedicated to ripple liquidity hub
a service whose upcoming launch was announced in early november
this service is intended for businesses that want to buy sell or store cryptocurrencies not only
xrp but also other large coins such as bitcoin ethereum litecoin and some others liquidity
hub will provide businesses with access to cryptocurrency exchanges market makers and
over-the-counter services as well as allow them to conduct operations without the need
for pre-financing lengthy integration and other obstacles there is a cue up button on the page
so presumably the service has not been launched yet in a recent interview with bloomberg brad
garlinghouse said that his company is already working as if it lost the fight with the u
s securities and exchange commission according to the executive ripple's record growth is happening
outside the u.s and it is hiring more and more people outside the us according to garlinghouse
the idea that xrp is an unregistered security is erroneous however the token has no liquidity in
the us after all exchanges suspended trading in early 2021 according to brad garlinghouse
99 percent of ripple's customers are payment companies outside the united states attorney
john deaton a lawyer representing more than 65 000 xrp holders told lingto a private equity firm
in an interview why he decided to support the crypto project according to deaton's lawyer ripple
turned out to be one of the most transparent existing cryptocurrency projects without any
shady transactions according to deaton's lawyer despite the fact that the securities
an exchange commission has been investigating the case against ripple for more than two years
the authorities have so far failed to detect any fraudulent activities related to the project
for thirty months they the sec have been looking at these guys ripple and the individual defendants
brad garlinghouse and chris larson they studied them deaton's lawyer said adding
they even checked every transaction made by garlinghouse and larson and every transaction
made by ripple between 2013 and 2020 two and a half years later they have
not filed a single claim of fraud or misrepresentation on the part of ripple
deaton who spoke out on a number of issues related to the sec lawsuit noted that he does not think
that any other cryptocurrency project can come out flawless if the securities agency conducts
an intensive investigation as was the case with ripple despite this the sec is not going to drop
its accusation against ripple and its executives for conducting an unregistered securities offering
as a result of which the company raised one dollar three billion while the sec is adamant that xrp
ripple is a security the blockchain company thinks otherwise and is ready to prove this fact in court
after recent events an order was issued last week on a joint schedule according to which the trial
can be extended until next year interestingly the development did not prevent xrp investors from
supporting ripple they believe that the lawsuit will end in favor of the blockchain company
and the value of the digital currency will increase dramatically the live xrp price
today is zero dollars 88 us dollars with a 24-hour trading volume of 3 billion 740 million us dollars
we update our xrp to usd price in real time xrp is down zero four percent in the last 24 hours
do you think xrp will be able to win the court and restore its former price
write the answers in the comments that's it for today thank you for watching this
video to the end if you liked it then don't forget to like it and subscribe to the channel