😮 ONE WORLD ORDER, ONE WORLD MONEY | XRP RIPPLE HUGE WEEK | 3COMMAS CRYPTO BOT SET UP GUIDE

😮 ONE WORLD ORDER, ONE WORLD MONEY | XRP RIPPLE HUGE WEEK | 3COMMAS CRYPTO BOT SET UP GUIDE
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Next Week Could Be HUGE for Ripple Investors- The Ripple Labs lawsuit is still underway. Next week, it could take one of its most dramatic turns yet. The U.S. Securities and Exchange Commission is seeking to have the judge overturn her own ruling — that the SEC had to hand over a pile of documents related to a speech by one of its top managers. In the speech, the SEC’s director of corporate finance, William Hinman, declared that cryptocurrencies were not securities. The SEC is suing Ripple on the grounds that the company’s token,
XRP (CRYPTO:XRP), is a security. The SEC wants Hinman’s comments saying otherwise stricken from the record. Judge Analisa Torres has already ruled that these comments are to be revealed in discovery. We may hear whether she’s willing to reconsider her previous ruling as soon as next week. First of all, there are clear implications for Ripple itself. Having to pay out $1.3 billion would likely bankrupt the company. It is not clear that it would have the resources to continue building and maintaining XRP after such a burden was imposed. Development on XRP-related projects would perhaps stall, harming people who hold the coin.

Secondly, and perhaps more importantly, the case could set a precedent that would dictate the future of cryptocurrency in the United States. If XRP is a security then Ether and others are as well. Pretty much any cryptocurrency that has ever had a major token sale would be considered a security. As such, the developers of these tokens would have to file reports, disclose holdings, and get regulatory permission before going to the public. All of this compliance costs money. Banks notoriously spend billions of dollars and countless hours on compliance every year. Were every crypto developer subjected to those rules, the crypto space would face a real problem. Upstart crypto projects don’t have unlimited resources.

Thank you @Digital Asset Investor for the incredible video interview wow....

Enjoy the video! Stay safe everyone.
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