What is XRP Crypto Currency
To everyone that wants to understand what is happening in the crypto currency space, more specificly, XRP. Currently, the United States FEDS are working as fast as they can to get regulations passed so that the U.S. government can tax crypto gains! Currently SEC has filed a lawsuit against one of the largest American crypto currency companies that is going public this year called Ripple Labs Inc. Ripple Lab Inc holds roughly 50% of all the Crypto Currency called XRP. Ripple Lab Inc has their XRP locked up in Escrows for Release each month for sale. 50 billion XRP are stored on a cryptographically secured escrow account in order to guarantee a secure XRP supply. This can be checked mathematically how many XRP are supplied to the market. Once a month up to 1 billion XRP are released. So Hypothetically, Ripple Labs Inc will be out of XRP in 4 years and 2 months.
SEC Lawsuit filled 12/22/2020 in the State of New York https://www.sec.gov/litigation/complaints/2020/comp-pr2020-338.pdf From at least 2013 through the present, Defendants sold over 14.6 billion units of a digital asset security called “XRP,” in return for cash or other consideration worth over $1.38 billion U.S. Dollars (“USD”), to fund Ripple’s operations and enrich Larsen and Garlinghouse. Defendants undertook this distribution without registering their offers and sales of XRP with the SEC as required by the federal securities laws, and no exemption from this requirement applied.
Because Ripple never filed a registration statement, it never provided investors with the material information that every year hundreds of other issuers include in such statements when soliciting public investment. Instead, Ripple created an information vacuum such that Ripple and the two insiders with the most control over it—Larsen and Garlinghouse—could sell XRP into a market that possessed only the information Defendants chose to share about Ripple and XRP.
Ripple engaged in this illegal securities offering from 2013 to the present, even though Ripple received legal advice as early as 2012 that under certain circumstances XRP could be considered an “investment contract” and therefore a security under the federal securities laws. Ripple and Larsen ignored this advice and instead elected to assume the risk of initiating a large-scale distribution of XRP without registration.
There is no merrit on this case, SEC will lose and XRP will be deemed a Cryptocurrency making new all time highs!
https://www.xrparcade.com/
https://fiatleak.com/xrp
https://www.livecoinwatch.com/price/XRP-XRP
https://coinmarketcap.com/currencies/xrp/
https://www.marketwatch.com/investing/cryptocurrency/xrpusd
https://xrpcharts.ripple.com/#/
https://www.tradingview.com/symbols/CRYPTOCAP-XRP/
https://dailyhodl.com/2021/02/10/brian-brooks-predicts-xrp-trading-will-resume-in-the-us-says-secs-case-may-center-on-one-simple-question/amp/?__twitter_impression=true
XRP was created in 2012
XRP was Sued in 2020
XRP Will Rise from the ashes on 2/21/21
The Returns Will Be Mind Boggling.
SEC Lawsuit filled 12/22/2020 in the State of New York https://www.sec.gov/litigation/complaints/2020/comp-pr2020-338.pdf From at least 2013 through the present, Defendants sold over 14.6 billion units of a digital asset security called “XRP,” in return for cash or other consideration worth over $1.38 billion U.S. Dollars (“USD”), to fund Ripple’s operations and enrich Larsen and Garlinghouse. Defendants undertook this distribution without registering their offers and sales of XRP with the SEC as required by the federal securities laws, and no exemption from this requirement applied.
Because Ripple never filed a registration statement, it never provided investors with the material information that every year hundreds of other issuers include in such statements when soliciting public investment. Instead, Ripple created an information vacuum such that Ripple and the two insiders with the most control over it—Larsen and Garlinghouse—could sell XRP into a market that possessed only the information Defendants chose to share about Ripple and XRP.
Ripple engaged in this illegal securities offering from 2013 to the present, even though Ripple received legal advice as early as 2012 that under certain circumstances XRP could be considered an “investment contract” and therefore a security under the federal securities laws. Ripple and Larsen ignored this advice and instead elected to assume the risk of initiating a large-scale distribution of XRP without registration.
There is no merrit on this case, SEC will lose and XRP will be deemed a Cryptocurrency making new all time highs!
https://www.xrparcade.com/
https://fiatleak.com/xrp
https://www.livecoinwatch.com/price/XRP-XRP
https://coinmarketcap.com/currencies/xrp/
https://www.marketwatch.com/investing/cryptocurrency/xrpusd
https://xrpcharts.ripple.com/#/
https://www.tradingview.com/symbols/CRYPTOCAP-XRP/
2/10/2021
https://dailyhodl.com/2021/02/10/brian-brooks-predicts-xrp-trading-will-resume-in-the-us-says-secs-case-may-center-on-one-simple-question/amp/?__twitter_impression=true
XRP was created in 2012
XRP was Sued in 2020
XRP Will Rise from the ashes on 2/21/21
The Returns Will Be Mind Boggling.
Nicholas M Cirelli
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