XRP BLAST to $35,000 🚨 THE LEGAL BATTLE TURN! 🚨 Blackswan and Ripple XRP Prediction by Edward

ripple versus the sec could become a fascinating courtroom series if this continues for the next year as well however looking at the significant turn in events with the entry of the us congress it might just be possible to witness the settlement before 2022 if you are looking forward to investing in xrp or have already invested in it make sure to watch this video till the end but first we are giving away 25 at the end of the month to one random subscriber to start on their xrp journey all you need to do is to like the video subscribe and comment your thoughts on xrp in the comments section welcome xrp army let's grow the xrp lab community by pressing the like button and subscribe in today's video we are going to be looking at all new developments that the lawsuit and ripple have gotten into that would also include an xrp price prediction at the end of the video therefore watch this video till the end so that you don't miss out on any exciting news ripple versus the sec started almost one year back in december 2020 after the se alleged ripple to have sold over 1.3 billion dollars worth of xrp into unregistered security this would amount to being an illegal job because if xrp was sold as a security the fintech company is due to pay and mend along with the sec legal regulations however on the counter side ripple claims that xrp is undoubtedly not a security but is a digital asset similar to bitcoin and ethereum the token is developed to provide a digital solution for the global transfer system with the sec filing ripple and xrp suffered a huge loss after a major trading platform delisted xrp from being traded currently the fluctuation in any visible trade in xrp's price action are being carried out by xrp holders already in the community it is interesting to witness the legal fight turning into a cat fight with the question of whether xrp is a security or a digital asset to prove xrp is a digital asset the fintech company had requested for the deposition of william hinman the former sec chair who in one of his speeches expressly mentioned that bitcoin and ethereum are not securities the deposition took place on the 27th of july 2021 we do not have any insight into it to add to ripple's efforts the company requested the production of sec internal documents relating to bitcoin ethereum and xrp the fact discovery and expert discovery dates were extended to the 31st of august 6 2021 and the 16th of october 2021 grill had been on the winning side but something really interesting took place that has ensured a clear win for ripple in the last week of july we saw don bayer a representative propose new legislation that could potentially protect the stakeholders of the market and provide for a legal regulatory framework for digital assets bayer states that there aren't any comprehensive legal frameworks that exist to date to regulate the digital asset market the digital asset market structure and investor protection act was introduced as a measure to regulate and form the body for the legal working of the blockchain network to create innovative products elevating the living standards this piece of legislation clearly defines securities and digital assets according to this bill a digital asset will be called security if that asset provides for rights relating to voting dividend profits or interest also if the platform of the asset is not fully built and the money from the sales fund is being used for the development of the platform that would mean the token is a security attorney theme hogan has proved her point stating xrp is not a security and digital asset to begin with serp does not have any hallmarks of traditional security nor does the xrp holders receive any equity interest or voting rights in ripple in addition to this the platform was wholly operational at the time of the sale and the money from the sale didn't form the platform's foundation therefore in the event of this bill turning into legislation xrp is unlikely to fall under the definition of a digital security asset therefore it is not subjected to the regulation by the sec earlier this month sec current chair gary gensler gave a speech on the role of sec towards cryptos stating my views are my own and i'm not speaking on behalf of the sec staff there's actually a lot of clarity gensler went on to say to the extent that digital assets like initial coin offerings are securities and i believe every ico i have seen is a security we have jurisdiction and our federal securities laws apply to this senator elizabeth warren requested information about the sec authority to regulate cryptocurrency exchanges properly and to determine if congress needs to act to ensure that the sec has the proper authority to close existing gaps in regulation well according to gensler many crypto tokens are securities he says that he has put up 75 cases and among which 34 are icos and 37 are currencies from which xrp is won the proposed legislation was announced on the same day sec chair gary gensler according to james k phelan the move was composed in order to outmaneuver the cftc for having control of the crypto space chris giancarlo the former cftc chair expressed only one u.s regulatory agency has experience regulating the markets for bitcoin and crypto and it is not the sec it is the cftc if the biden administration is serious about sensible cryptocurrency regulation it needs to nominate a cftc chairman well it is now noticeable that cftc is pushing back as some u.s lawmakers and government officials hint that the scc should get control over the asset class adhering to this cftc commissioner brian quintins also tweeted on the growing influence of the sec over the emergent asset class just so we're all clear here the sec has no authority over pure commodities or their trading venues whether those commodities are wheat gold oil or crypto assets we have another powerful group advocating for the cftc the gop agriculture committee the host of the republican subcommittee responsible for energy and commodities trading in a twitter post they say answering to brian quintin's cftc quintins is right crypto is bigger than the sec congress needs to write the rules of the road to protect investors and innovation in the digital economy on brian's tweet attorney jeremy hogan replied saying that he understands that the commission sometimes submits amicus curia beliefs to courts to assist in the interpretation of the law he also asked whether or not the cftc wanted to file an amicus in the sec versus ripple litigation ripple versus the sec was complicated from the beginning but the matter has gotten even more complicated after the entry of the cftc we are visualizing an inter-agency jurisdictional want between the commodity future trading commission and the securities and exchange commission to expand their clutches over the rapidly emerging crypto and defy industry with cftc's entry the suit is going to become even here however it is on the judge to decide xrp's fate we believe xrp is likely to win because it is certainly not a security and is a digital asset according to the proposed legislation therefore if you are planning to invest in xrp keep note of the dates and court hearing we never know when the next hearing would be labeled as the final one xrp is trading at 76 cents with a green of 3.63 change in the last 24 hours the token appears to be giving a substantial bullish upswing as it bounces off from its crucial support at 69 cents on the 4th of august 2021.

Following this buying pull the token is trading upwards and is currently on its way to surpass its weekly high at 0.7744 on the monthly chart the token is at its highest xrp needs to close to the neckline in the 200 days simple moving average at 0.788 to validate a bullish market interestingly the token has formed a double bottoms pattern pointing towards a price target of 0.953 dollars breaking out from which will push xrp to retest its psychological resistance at one dollar towards the 38.2 percent retracement level outlined by the june correction at one dollar and six cents according to fx street it is visible that xrp has majorly benefited from a committed bid off the july lows pushing it forward for its first attempt to break through the fierce technical opposition and do you invest in xrp also if you want to continue to know about xrp we have got two more videos waiting for you on the end screen to check out make sure to subscribe and give us a thumbs up thank you so much for watching see you in the following video my friend kindly note that the prices of cryptocurrencies frequently change so by the time you watch this video it might have changed to a whole new value the information provided in this video does not constitute investment advice financial advice trading advice or any other sort of advice and you should not treat any of the content as such the content in this video is for educational purposes only and hence should not be considered as financial advice do conduct your own due diligence and consult your financial advisor before making any investment decisions [Music] you

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