An Shocking Attack On XRP Crypto!! RIPPLE/XRP 2022 News

XRP To $35,000 The SEC JUST OFFICIALLY ANNOUNCED AN SHOCKING ATTACK ON XRP CRYPTO!! RIPPLE/XRP. 

Welcome back XRP ARMY! About one year has passed since the SEC filed its case against Ripple. How does the situation seem like now? And why could Riple have a wonderful future after the case ended? The SEC Versus Ripple lawsuit was filed on December 22, 2020, and it's now ongoing at the U.S Supreme Court. It's been a year since this lawsuit was delivered to a detailed, and therefore the Cryptocurrency industry and investors are still looking ahead to its resolution, which could are available. The shape of a settlement or a court judgment, but they're hopeful that it'll be completed soon. Because of the occasion, it's been decided to require a glance back at the difficulties that have afflicted the digital assets industry within the U.S, including what's seen to be an absence of regulatory clarity. Taking to Twitter to convey his views on the one-year anniversary of the lawsuit, Ripple's Chief military officer, Brad Garlinghouse blamed former SEC Chair Jay Clayton and stated that the "battle is simply getting started." “Today, the SEC voted to attack crypto. Chairman Jay Clayton in his final act is picking winners and trying to limit US innovation within the crypto industry to BTC and ETH. “We know crypto and blockchain technologies aren’t going anywhere. Ripple has and can continue to use XRP because it's the simplest digital asset for payments, speed, cost, scalability and energy efficiency. It’s traded on 200+ exchanges globally and can continue to thrive. “The SEC out of step with other G20 countries & the remainder of the US govt should not be able to cherry-pick what innovation appears like (especially when their decision directly benefits China). Make no mistake, we are able to fight and win  this battle is just beginning”. Comment “XRP Army” if you suspect Ripple will win the case! Many prominent members of the XRP community, including attorney Jeremy Hogan, expressed their opinions on the one-year anniversary of the case. “I am involved in an exceedingly thousand lawsuits in various U.S Courts and various areas of law. The Court system is frustrating and lengthy. But what i do know is that it always GETS IT RIGHT. Don’t concede to cynicism it'll get wise right, again.” Because both parties requested permission to carry a final expert deposition on January 19, 2022. As part of the settlement agreement, the expert discovery process within the court case has been extended. In an expert discovery procedure that was critical to understanding the workings of the digital asset market, sixteen experts testified in support of their positions. That, along with the documents submitted as a part of the fact-finding process, will serve as the inspiration for from now on judgments made as Ripple attempts to prevail on the fair notice defense within the next trial date.

While the SEC trial remains happening, Garlinghouse has many reasons to be optimistic about the future of Ripple, both during and after it. Ripple Labs and its XRP cryptocurrency are the main target of a recent lawsuit stemming from charges made by the non-profit government watchdog group Empower Oversight that former Securities and Exchange Commission employees were biased against the corporate. In the case, they were accused of getting conflicts of interest after they designated digital assets such as the XRP cryptocurrency to be securities after they weren't. Meanwhile, they ruled that other cryptocurrencies, like Ethereum, weren't securities because of a conflict of interest and classified them as non-securities. On December 10, in keeping with the net magazine The Daily Hodl, Empower Oversight made a press statement. Their complaints were outlined, and they demanded a group of Freedom of data Act (FOIA). Documents relevant to their conflicts of interest, which were eventually delivered to them. Following was said within the news release on a conflict of interest that looked to air the verge of corrupting the process: "Former senior SEC official William Hinman received immeasurable dollars in compensation from his former employer, Simpson Thacher, while assisting the SEC within the regulation of cryptocurrencies," in keeping with the NY Times. Do you agree that individuals could have a good future after the case? According to the announcement, variety of other agency employees were also identified as having substantial conflicts of interest. Additionally, it argues that Marc Berger, the former Chief of the SEC Enforcement Division who brought the action against Ripple Labs left the SEC for the identical legal company that filed the lawsuit against the cryptocurrency exchange. In December 2020, the Securities and Exchange Commission (SEC) filed a lawsuit against Ripple  Labs, alleging that the cryptocurrency XRP was issued as an unregistered security. It has been asserted by the corporate since then that the Securities and Exchange Commission (SEC) lacks clear regulations about which cryptocurrencies qualify as securities and which don't. The Securities and Exchange Commission (SEC) has deemed both Bitcoin and Ethereum to be non-investment securities. For example, the lawsuit contends that former SEC chairman Jay Clayton may have had conflicts of interest in his professional activities throughout his tenure. After that, he joined cryptocurrency hedge fund One River Asset Management, which "only worked with Bitcoin and Ether" in keeping with him. He subsequently stated that Bitcoin wasn't a security and resigned from his position. Additionally to the individuals named within the news release several more organization moved on to figure for the firms that that they had previously monitored. If the allegations are shown to be accurate, the complaint doesn't state which particular regulations, if any, were violated by the regulators as a results of the alleged violations.However, one thing is certain: it doesn't speak well for the agency's image within the future. Furthermore, if the claims against Ripple Labs are shown to be true, the SEC is also obliged to shut the case against the corporate by a judge or by opinion to finish the investigation.

If this happens, the worth of XRP might soar by an oversized amount. Some financial institutions may be more likely to adopt cryptocurrencies if it's seemed to be less controversial, which is one possible rationale. Ripple Labs wants customers to utilize its XRP cryptocurrency and other products, which are being developed by the business, for money transactions. According to reports, this has been one among the foremost often heard criticisms regarding XRP to date a minimum of within the us. For its side, Ripple Labs points out that its On-Demand Liquidity (ODL) products payment system has been widely employed in other regions of the globe, including Japan. Ripple Net could be a payment system improvement solution that, consistent with the company's website, is used by "hundreds of economic institutions" so as to reinforce the whole payment system. As a worldwide network of monetary institutions, Ripple Net connects users to various financial institutions everywhere the globe, going to improve the efficiency of money transactions. The company announced in a very recent release that "ODL customers today can now access over 20 countries throughout the globe for his or her payment needs." in line with the report, the amount of international transactions in ODL has surged by over 25 times within the last year alone. This recent move will put pressure on the Securities and Exchange Commission (SEC) and maybe Congress in relevancy the regulation of cryptocurrencies which is now into account. It may open the way for a resolution to the continuing legal dispute over whether XRP is a security or a cryptocurrency, which is currently in litigation. This can result in a large increase within the value of cryptocurrencies when the legal fight around them involves a conclusion.

Does one agree true of Ripple is looking fantastic right now?

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