/biz/ - Business & Finance

>third largest crypto currency

Dispute on Kleros

>>25092869
I once saw a guy try to pour gasoline out of a plastic milk jug into a bonfire. He tripped and fell into the fire with the jug. That was like a cascade of stupidity leading to disaster. If you think telling people to buy xrp is a good idea then you are dumber than him.

29cents

>>25092997
-36.54%

>>25093022
last 24 hours

I'm loading massive bags as we speak. If you want my advice anons. DCA in for the coming weeks, the v shape recovery will be sharp as hell once the lawsuit subsides

>>25092869
any source he's still the director?
>ANDREW J. CERESNEY is a partner in the New York office of Debevoise and Co-Chair of the Litigation Department. Prior to rejoining Debevoise in 2017, he served as the Director of Enforcement at the SEC under Chair Mary Jo White.

>>25092962
I’m sorry you feel that way man. Time will tell and one of us will be absolutely fucked.

>>25092997
>>25093022
Glad to see you know how stupid it is to buy when there's blood on the streets, you will go somewhere anon

>>25093085
This, says he joined in ‘14

>>25092997
imagine the balls I have to open a short at 32c and stick with it even when it was mooning

>>25093091
SEC suing != blood in the streets
lel
centralized ore mined censorable trash != cryptocurrency.
SEC called this example: An unregistered security.
Ouch.

it's over

>>25093079
KIK lawsuit took 1.5 years anon

>>25093085
yes he's the former director. like any lawyer he dances to the tune of whoever is paying him. if the SEC were still paying him he'd be coming out against ripple. but since ripple is paying the bills of course he's going to say that ripple are saints. do you think ripple's lawyer is going to come out and say "yeah they got us, we're totally guilty"?

>>25093113
you didnt

even if you believed that this will blow over, why would you buy now? just wait a few more days/weeks and see where the actual bottom is. i wouldn't buy it ever but what do i know

>>25093175
literally a former head of their enforcement division is part of their legal team, are you sub 50 IQ, how can you not see how this is complete theater

>>25093079
People like this will cost you real hard earned money.

>>25093243
This is not theater dweeb and the underlying logic escapes you.
Real damage has already occurred and Ripple has no choice but to fight as this is their DO or DIE moment.
They are probably already fatally wounded.

>>25092869

>>25092869
this
0.333 was a sign

>>25093187
This. We're about to actually see XRP go to zero

>>25093220
KIK isn't shilled by the IMF.

>>25092962
BOOLISH

>>25092962
What happened to him?

>>25093088
You should turn tour computer back om and look at that xrp price and tell me again who is fucked
>ItAintMe.jpg

>>25092869
Well he was hardly going to say his client is guilty as fuck now is he?

the absolute state of xrp bagholders

>>25093433
ew
disclosing agenda to shizos

>>25093256
I don't think anyone on /biz/ is investing hard earned money.

>XRPjeets practically beg for the NWO to enslave them
>NWO just spits in their face instead

>>25093445
Sounds like somebody wants to buy lower. Nice try, faggots. Ripple Inc. hasn't even dumped half their supply yet. They won't let it go to zero until they are done running pump n dumps.

>>25093453
do you niggers have no memory of worldcom and enron?
This is small tits by their standards. Enron CEO used to hang out at the white house.
When the hammer comes down, nothing matters

>>25093474
U ever wondered where mcnuggets come from?

>>25093570
That wpuld be compounding their crimes. Those boys stop corralling the price. Watch xrp go sub .01 by January. Shit can only unload so fast when the only action is shorting.

>>25093613
>do you niggers have no memory of worldcom and enron?
how old do you think anons are
you must be 45+ to remember what happened then vividly

>>25093773
I am 42 and I had friends working at Anderson when it went down so yeah. Probably mid 40s to have been knocked out by that one.

>>25093445
Waiting for it to dip as far as possible before my bags get significantly heavier.

>>25093773
anons don't even realize that by the standards of companies SEC actually deals with, a $15B crypto company is small fish.
The SEC deals with Apple and Google and Amazon. XRP is literally a tiny fish in the pond

https://www.coinbase.com
Ripple is off the frontpage and these fools talking about filling bags holy shit...

>>25093495
go back and never return nigger

>>25092869
Just remember morons. The SEC has never lost a case.... lolololol.... OP is unloading while tricking you into buying something that is going to a penny. Very clever OP.

>>25093416
This shit killed me

>>25094219
>Don't buy anything the SEC decides to fine

>>25093079
>hindu fingers typed this comment

Imagine the spike in price when the SEC is forced to recognize this as a currency.

Imagine the spike in price when people begin to understand this is the only way for it to play out.

>>25092869

>>25094249
>Don't buy an unregistered security disguised as a cryptocurrency.
I think the SEC knows a few things about securities.

>>25094219

SEC doesn't lose but they do settle dum dum.

Bitcoin has no utility apart from being a garbage currency and erc-20 is clearly the currency of shitcoins

How does xrp classify as a currency?

>>25095004
They settle when they can get you into compliance. This is NOT going to end with xrp becoming legit. This ends with cellmates and orange jumpsuits.

>>25095186
>How does xrp classify as a currency?
XRP classifies as an unregistered security. Immediate consequence after the SEC pummels the Ripple execs: XRP will be delisted from all US based cryptocurrency exchanges.

https://fortune.com/2020/12/21/ripple-to-be-sued-by-sec-cryptocurrency-xrp/

>In recent years, the SEC has ruled that the two most valuable cryptocurrencies—Bitcoin and Ethereum—are not securities, partly on the grounds they are decentralized with no person or company in control of them.

>XRP is different from Bitcoin and Ethereum in that the latter two currencies are minted in a gradual, ongoing process called mining. By contrast, Larsen and others created 100 billion units of XRP in one fell swoop in 2012 for a company called Ripple Labs. While Ripple continues to own the lion’s share of XRP, the bulk of its treasury is held in reserve, to be sold in scheduled allotments. Garlinghouse and Larsen also each own a significant amount of XRP. This arrangement has led some observers to view XRP as more akin to a company’s stock than a currency.

>>25092869
XRP isn't worth the gasoline I'd pour on it.

If it's not in the top 4 list, it's not going in my wallet.

>>25094164
XRP was never on the front page of Coinbase.