SEC Ripple Effect. Buh-bye XRP
F.U.D.? Maybe, but fear is a highly conserved trait because occasionally that bear behind you is actually about to eat you alive.
Baring an unlikely retraction of the SEC complaint with the new Executive Administraion, Ripple is in for a world of hurt.
If they lose, their entire business model crumbles and the company disappears, leaving XRP as a useless token...ahem...security.
Exchanges, especially ones with big ambitions to one day go public, have been backing away in droves.
Ripple customers will be the next to head for the hills.
No bank wants the SEC breathing down their necks over a relationship with Ripple and the use of their services.
Even institutions outside the USA will likely see significantly reduced usefulness of Ripple's service offerings if they are effectively precluded from using it to integrate with US banks.
Chances are high that a year from now XRP bagholders will be trying to pawn off their near worthless tokens directly to others on every Social Media site in existence because there will be almost no where to trade them.
Baring an unlikely retraction of the SEC complaint with the new Executive Administraion, Ripple is in for a world of hurt.
If they lose, their entire business model crumbles and the company disappears, leaving XRP as a useless token...ahem...security.
Exchanges, especially ones with big ambitions to one day go public, have been backing away in droves.
Ripple customers will be the next to head for the hills.
No bank wants the SEC breathing down their necks over a relationship with Ripple and the use of their services.
Even institutions outside the USA will likely see significantly reduced usefulness of Ripple's service offerings if they are effectively precluded from using it to integrate with US banks.
Chances are high that a year from now XRP bagholders will be trying to pawn off their near worthless tokens directly to others on every Social Media site in existence because there will be almost no where to trade them.
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