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SEC vs. Ripple – Game Over for $XRP? (A Deep Dive)


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SEC vs. Ripple – Game Over for $XRP? (A Deep Dive)

Date: 2020-12-24 18:15:52

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Recently, the SEC filed a lawsuit against Ripple and its 2 executives Chris Larsen and Brad Garlinghouse charging them with selling unregistered securities and knowingly doing so for the past few years. With this bombshell announcement, the price of XRP has dropped over 50% at its lowest point so far. Many people have already made videos covering the news headlines surrounding this event. But it’s my goal to read a lot of the 71 page SEC filing and also break down the KEY points for you, so you can decide whether or not you should keep or sell your XRP bags. I do want to note that I did make a video 2 years ago about if I thought XRP passed or failed the Howey test and why I think XRP will go to $0 eventually because it is ultimately a security. Turns out I was right about that…. haha. But anyways there is a lot of juicy details and egregious behavior by the Ripple execs so I definitely want to share all of that with you in this video and hear your thoughts down below in the comments if you have thoughts on this topic as well!

The SEC filing:

Timestamps:
0:00 Intro
1:23 Quick recap
1:58 Case against Ripple
4:28 Shocking revelations
6:31 Ripple’s response
7:55 Who’s right?
8:48 What happens next
9:19 Exchange delisting XRP
10:44 Ripple’s star legal team
11:40 Ongoing class action lawsuit
12:35 Community reaction

#XRP #SEC #Ripple

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