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Legal dispute between Ripple and the SEC could still take years - impact on the XRP course and potential investment opportunities in Krypto Presales
Ripple (XRP) could lose a lot of money during a negative outcome of the current legal dispute between Ripple Labs and the US Securities and Exchange Commission (Sec), while the XRP course may increase significantly. This emerges from an assessment of the lawyer and Ripple defender John Deaton on Twitter. According to Deaton, however, investors don't have to worry too much. He refers to an earlier case in which the victims received a refund after a victory of the SEC. Even with further falling courses, it could end positively for XRP holders. The legal dispute between Ripple and the SEC is expected to be two to five years ...
Legal dispute between Ripple and the SEC could still take years - impact on the XRP course and potential investment opportunities in Krypto Presales
ripple (XRP) could lose a lot of money during a negative outcome of the ongoing legal dispute between Ripple Labs and the US Securities and Exchange Commission (SEC), while the XRP course may increase significantly. This emerges from an assessment of the lawyer and Ripple defender John Deaton on Twitter.
According to Deaton, investors do not have to worry too much. He refers to an earlier case in which the victims received a refund after a victory of the SEC. Even with further falling courses, it could end for XRP holder.
The legal dispute between Ripple and the SEC is expected to continue for two to five years. If the SEC should win for now, Ripple is entitled to appeal. During this time, however, the project could not accommodate any further funds for self -financing. Instead, the money would go to the Sec. The SEC would then offer a repayment for all XRP holders who could sell their remaining ripple tokens. For investors, this would be a way to compensate for potential price losses.
A possible comparison case is Veritasum (veri), a cryptocurrency that was also accused of being a security. After completing this case, the SEC set up a fund to collect funds from the defenders and distribute them to investors. ICO investors were thus able to receive a refund. It could be that the SEC is similar to Ripple.
The SEC has a list of 75,000 ripple investors who would be entitled to be entitled to reimbursement in the event of a refund. However, it should be mentioned that those who are on this list do not automatically give up their right to their XRP. At the moment, investors still agree that the tokens are unregulated securities. Therefore, there are no disadvantages for XRP investors.
DEATON believes that the legal dispute will ultimately be positive for most participants. Even with a defeat for Ripple, the victims would receive their money back. In addition, the case could create regulatory clarity for other cryptocurrencies, which could benefit the entire crypto market.
For those looking for an alternative to Ripple and other known cryptocurrencies, the area of Presales could be interesting. Young cryptocurrencies are offered for sale at Presales before they are available on Exchanges. Such a presale is currently taking place at launchpad.xyz (LPX). LPX coins can currently be purchased for $ 0.0445 and can be bought with Ethereum (Eth), Binance Coin (BNB), Tether (USDT) or credit card.
launchpad is an up-and-coming platform for web3.0 and offers various services and services such as its own decentralized marketplace for trade in cryptocurrencies and NFTs, a launch pad, a gaming hub for blockchain gaming, a newsletter, a meta-verses library and more. A presale offers the opportunity to get in early if the course is still low. However, it is not a guarantee of profits. Nevertheless, the previous advance sale shows the potential of the coin because more than a million US dollars have already been taken.