why is ripple getting sued

Last Updated on April 16, 2022 by

Ripple's court battle with SEC has gone 'exceedingly … – CNBC

Ripple's court battle with SEC has gone 'exceedingly … – CNBC

The SEC alleges Ripple conducted an illegal securities offering through sales of XRP, the world's sixth-biggest cryptocurrency. Ripple argues XRP should be treated as a virtual currency rather than an investment contract like a stock.Apr 14, 2022

The SEC v. Ripple Lawsuit – Where Are We Now?

The SEC v. Ripple Lawsuit – Where Are We Now?

On December 22, 2020, the SEC filed a lawsuit against Ripple Labs and two of its executives. The claim is that they traded $1.3 billion in …

SEC Charges Ripple and Two Executives with Conducting …

SEC Charges Ripple and Two Executives with Conducting …

The complaint alleges that Ripple raised funds, beginning in 2013, through the sale of digital assets known as XRP in an unregistered securities …

The SEC vs. Ripple lawsuit: Everything you need to know

The SEC vs. Ripple lawsuit: Everything you need to know

Ripple was sued by the SEC in December 2020 for using unregistered security to raise funds. Read this article to understand the SEC vs. Ripple lawsuit.

Sec Vs Ripple: Case Explained – CNBC TV18

Sec Vs Ripple: Case Explained – CNBC TV18

The lawsuit, filed on 22 December 2020, alleges that Ripple raised over $1.3 billion through illegitimate means. The SEC complaint also holds …

Why Is Ripple Being Sued? XRP SEC Lawsuit Explained

Why Is Ripple Being Sued? XRP SEC Lawsuit Explained

The official SEC complaint notes that Brad Garlinghouse and Christian Larsen have illegally financed the blockchain company by raising capital …

Why Ripple's SEC lawsuit could have a lasting impact on crypto

Why Ripple's SEC lawsuit could have a lasting impact on crypto

That bomb finally went off last year when the SEC filed suit against Ripple and its current and former CEOs, claiming that selling XRP …

Judge in Ripple cryptocurrency case wants token holders' views

Judge in Ripple cryptocurrency case wants token holders' views

Ripple’s founders created XRP in 2012. The SEC sued the San Francisco-based company and its current and former chief executives in December, …

Why Ripple's fighting with the SEC over XRP – Protocol

Why Ripple's fighting with the SEC over XRP – Protocol

In December, in a move that stunned the crypto and blockchain world, the Securities and Exchange Commission sued Ripple, its founder and executive chairman …

SEC Assault On Ripple Provokes Wider Debate – Forbes

SEC Assault On Ripple Provokes Wider Debate – Forbes

In December, the SEC sued Ripple and two of its top executives for seven years of distributions of the cryptocurrency XRP which the agency …

Did Ripple win the lawsuit?

Ripple Labs Inc. won access to Securities and Exchange Commission documents to defend against the agency's suit accusing it of misleading investors about its XRP cryptocurrency.

Why is there a lawsuit for XRP?

The famous Ripple v/s SEC lawsuit started in late 2020 with a complaint from SEC (Securities and Exchange Commission), that Ripple has conducted illegal security offering from one of the XRP digital assets. SEC lawsuit claims that XRP is known as a security in the cryptocurrency market and is not a cryptocurrency.

What will happen if XRP wins the case?

XRP price chart: Based on an average of price predictions given by the panellists, XRP could hit USD 2.55 by December this year if Ripple wins the case. Further, the panellists said USD 3.61 is a likely price by 2025, while USD 2.98 could be within reach by 2030.

Will XRP ever recover?

XRP Overview According to the latest long-term Ripple price forecast, XRP will reach $0.87 by the end of 2022, rising to $2.56 by the end of 2023 and $8.07 by the end of 2025. Ripple will then rise in value to $16.48 in 2027, and $29.47 in 2030.

Will XRP survive?

However, should XRP lose its case with the SEC the panel expects its value to drop to $0.68. Unfortunately for investors, we won't know the outcome of the case until 2023. Looking further down the road, the panel estimates XRP's value to hit $3.61 by the end of 2025 and $4.98 to close out 2030.

What happens to my XRP If Ripple loses lawsuit?

Major crypto exchanges in the U.S., like Coinbase for example, suspended the listing of Ripple's XRP token due to the ongoing legal case. If it loses its lawsuit, Ripple will focus outside the country — effectively how it's been operating since the SEC sued the company in 2020.

How high XRP can go?

A panel of experts polled for Finder pegged XRP at $3.61 by the end of 2025. It's worth noting, though, that some of the experts think the coin will remain under $1 in 2025. If the Ripple platform enjoys mass adoption within the next few years, CryptoNewsZ predicts, XRP could rise to as high as $1.50 in 2025.

Is XRP still worth buying?

Its price skyrocketed from less than $0.01 in March 2017 to $3.40 in January 2018. And then it dropped precipitously to $0.48 within three months. Four years later, XRP hasn't come anywhere close to testing its all-time price highs. But it's still a top 10 crypto by market capitalization, according to CoinGecko.

Will XRP ever reach$ 10?

Can XRP Reach $10? A scant handful of experts predict that XRP can reach $10 in the near future — if ever. If the bear market reverses, XRP is likely to follow the trend of bitcoin and begin to rise again. CoinQuora sees the currency breaking $10 in 2022 if crypto reverses course to become a bull market again.

What is the highest XRP can go?

100,000,000,000 XRP
The digital asset is capped at 100,000,000,000 XRP.

Could Ripple reach$ 10?

Anything is possible, but it's doubtful that Ripple will reach $10 in the foreseeable future. The XRP potential will grow if the coin becomes the best choice for cross-border payments by financial institutions, but this is a very rosy long-term prediction.

Will XRP reach $50?

Both provide users of the cryptocurrency a way to control their own assets, however, Ripple was designed for speed and to achieve some of the lowest fees of any crypto asset….Conclusion: Is Ripple a Good Investment and What is the Future of Ripple?

Year	Potential High	Potential Low
2024-2025	$50	$8

Is XRP the next Bitcoin?

A scant handful of experts predict that XRP can reach $10 in the near future — if ever. If the bear market reverses, XRP is likely to follow the trend of bitcoin and begin to rise again. CoinQuora sees the currency breaking $10 in 2022 if crypto reverses course to become a bull market again.

How high could XRP go?

A panel of experts polled for Finder pegged XRP at $3.61 by the end of 2025. It's worth noting, though, that some of the experts think the coin will remain under $1 in 2025. If the Ripple platform enjoys mass adoption within the next few years, CryptoNewsZ predicts, XRP could rise to as high as $1.50 in 2025.