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Ripple - XRP - nieuwe verdienmodellen noodzakelijk voor bancaire sector

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  1. Frederik C. 18 april 2021 12:29
    Mooi Wall Street Journal artikel
    The SEC’s Cryptocurrency Confusion

    Mr. Gensler may have signaled his openness to the proposal Wednesday by saying he’d “work with fellow commissioners and see how we can move forward.” A next step for the SEC should be to recognize the harm of its current ad hoc approach. Investors and developers deserve to know whether their actions in the market are legal before they read news of the latest SEC lawsuit.

    www.wsj.com/articles/the-secs-cryptoc...
  2. forum rang 10 DeZwarteRidder 18 april 2021 12:38
    quote:

    The Bartman schreef op 18 april 2021 11:48:

    Alle crypto’s dalen, onder leiding van BTC. Heeft niets met XRP op individueel vlak te maken, maar als jij dat wil geloven is dat prima ZR. Gezonde correctie op zijn tijd, en vaak een mooi nieuw instapmoment.
    de XRP daalt verreweg het hardste en staat nog steeds op het dubbele van voor de rechtzaak.
  3. forum rang 10 DeZwarteRidder 18 april 2021 16:55
    quote:

    Frederik C. schreef op 18 april 2021 16:48:

    SEC loses a battle to win the war? Ripple dissociates from pumping XRP
    XRP has matured into a full-fledged currency over the past eight years, argues Ripple Labs, and its price is rising once again. Does the SEC also need to evolve?
    cointelegraph.com/news/sec-loses-a-ba...
    When the United States Securities and Exchange Commission filed legal action against Ripple Labs and its top-two executives in December, alleging that its XRP coin was in fact a security and that the firm had raised over $1.38 billion through an unregistered securities offering in 2013, many wondered if XRP would even survive.

    Some exchanges delisted XRP; some asset managers sold their XRP tokens. XRP had lost its place as the top 3 currency by market capitalization and was even looking like it could drop from the top 10. But reports of Ripple’s demise were spectacularly exaggerated.

    As of mid-April, XRP had increased 532% over the previous 12 months, and things also took a favorable turn recently in the SEC lawsuit, with the defendants prevailing in two discovery rulings — even turning the tables on the regulatory agency by winning access to the SEC’s internal memos and minutes with regard to crypto discussions. “The SEC Is Now On Trial – And Knows It,” sounded Forbes.

    But the lawsuit continues — indeed, it is being closely watched and has the potential to set legal precedents in a number of areas, Daniel Payne, partner in the fintech and blockchain practice at law firm Murphy & McGonigle, told Cointelegraph, including:

    “The application of the statute of limitations to token sales; the extraterritorial reach of the securities laws to token sales on worldwide blockchains; the application of the securities laws to digital assets that FinCEN has regulated as a virtual currency [e.g., BTC]; and whether courts will use Bitcoin and Ether as models of non-security digital assets in their legal analysis.”

    Therefore, while the defendants may have gained an edge in pre-trial rulings in SEC v. Ripple Labs, can one really say that Ripple’s legal troubles are over?
    Not over till it’s over

    “Not by a long shot,” Carol Goforth, the Clayton N. Little professor of law at the University of Arkansas (Fayetteville), told Cointelegraph. Ripple made a good case for accessing the SEC’s internal views on crypto — i.e., the first discovery ruling. And in the second contest:

    “[Ripple executives] Garlinghouse and Larsen made a plausible argument that the SEC was over-reaching with its request for eight years of their personal bank records. As the insiders argued, why does the SEC need to know household expenditures in order to make its case?”

    “However, although Ripple may discover information that will help its defense as a result of that ‘win,’ the extent to which this will matter in the long run is far from certain,” said Goforth. “The two recent pre-trial discovery rulings have shifted the playing field of the case,” added Payne. “The defendants have gotten traction with some important arguments, but that does not mean they have won the case.”

    “It would be extremely premature to divine any significance from these interim ruling,” agreed David Chase, a securities lawyer and former SEC enforcement attorney. These are really discovery skirmishes and don’t go to the heart of the case, he told Cointelegraph.
    “A different kind of case”

  4. forum rang 10 DeZwarteRidder 18 april 2021 16:55
    A recent article in The National Law Review noted regarding SEC v. Ripple Labs that “the SEC’s case rests on the proposition that XRP is a security — if it is not, the SEC lacks jurisdiction,” while Payne told Cointelegraph: “There are a handful of district court rulings that specific digital assets are securities: Telegram, Kik, ATBCoin, etc.” Those cases have provided important precedents that the SEC relies on now to police new token issuances that it believes are securities offerings. Continued Payne:

    “But Ripple is a different kind of case. XRP was first sold over eight years ago, and over that time, the XRP ledger has become decentralized, while Ripple has, in large part, decoupled from XRP. But the SEC is alleging that XRP was and remains a security.”

    John Wagster, an attorney at Frost Brown Todd, informed Cointelegraph that like almost every SEC action in the cryptocurrency space, the claims against Ripple “will be analyzed by market participants looking for a pathway to compliant token offerings,” adding: “A healthy market needs regulatory consistency, and the most meaningful outcome of the Ripple enforcement action would be one that provides a clear path forward for future issuances.”

    Yuliya Guseva, professor of law at Rutgers Law School, told Cointelegraph that “the Ripple case is exceptionally important.” Even though it resembles the Kik and Telegram cases, the facts in SEC v. Ripple Labs are different. “The outcome of Ripple may have a profound effect on the crypto market. For one, the ultimate decision should provide more clarity to the developers and crypto community.” She added:

    “The decision may reveal if we have transitioned from the bygone era of ICOs and related enforcement to a more mature market phase with a more nuanced doctrinal approach to cryptocurrencies.”

    Regarding the discovery ruling, Chase is interested to see the SEC’s internal discussions about XRP and cryptocurrencies among the trove of documents now expected to emerge. “It usually runs just one way” — i.e., companies delivering their documents to the court. But in this case, it is the SEC that has to produce the goods — not a “typical” turn of events for the agency, suggested Chase.
    What is propelling XRP price upward?

    But what is one to make of the run-up in XRP’s market price in the past year — even before the discovery rulings. “XRP price’s journey to $1 this year has been nothing short of spectacular, considering the ongoing Securities and Exchange Commission lawsuit against Ripple initiated in December 2020,” commented Cointelegraph Markets contributor Marcel Pechman. In the weekend following the pre-trial rulings, XRP added over 40%, standing at around $1.3 on April 18, while almost reaching the $2 mark on April 14.

    Wagster told Cointelegraph that the increase in XRP’s market price over the past year has more to do with bullishness in crypto markets generally rather than anything specific to XRP, while Chase opined: “Maybe what we’re seeing is the free market in operation.” The SEC’s lawsuit “is just another data point to be taken into account” in an evaluation of XRP; investors could even be handicapping an eventual settlement with the agency.

    There may be another interpretation: Maybe the SEC’s decisions just don’t matter that much anymore when it comes to globally traded cryptocurrencies. Goforth disagrees. The SEC still plays a large role in regulating U.S. exchanges and other businesses, she said, while Payne noted that “if a cryptocurrency has a touchpoint within the U.S., the SEC has an argument that it can assert jurisdiction.”

    Related: You don’t own me: XRP price surge defies SEC’s clamp-down on crypto

    He did allow, however, “that XRP is traded worldwide, where many purchasers may be unaware of the SEC’s case,” which may have something to do with XRP’s price resilience. The price may also be affected by “purchasers who are betting that Ripple will win [the SEC case] and are trying to buy low.”

    The U.S. Supreme Court provided the framework to determine whether an asset is a security in SEC v. Howey Co. “The Court explained that an asset is a security if it represents an investment in a common enterprise with the expectation of profits derived solely from the efforts of others,” recounted The National Law Review. The SEC has been applying the 71-year-old Howey Test ever since, and in its Ripple Labs complaint, the agency said XRP should be considered a security — explained the journal — because:
  5. Frederik C. 19 april 2021 19:19
    Flare Network (FLR), dat brug bouwt tussen ETH en ripple, geeft hint wanneer netwerk eindelijk live gaat
    Flare is een nieuw blockchain-platform dat smart contracts combineert met cryptocurrencies op blockchains die dit soort contracten niet ondersteunen. Dit gaat aan de hand van een zogenaamde Ethereum virtual machine (EVM). Flare bouwt een brug tussen het Flare network en XRP via de FXRP protocol zodat XRP tokens gebruikt kunnen worden in smart contracts op Flare.

    Enkele netwerken waar Flare Network een brug wil slaan is Cardano (ADA), Ripple (XRP) en Litecoin (LTC). Het netwerk ondergaat nu uitgebreide tests om er zeker van te zijn dat de lancering van het netwerk goed verloopt.

    www.crypto-insiders.nl/nieuws/altcoin...
  6. Frederik C. 19 april 2021 19:22
    Bloomberg Law
    Cryptocurrency’s Future in the U.S. Is Threatened By SEC Action Against Ripple
    Cryptocurrencies like XRP are not securities. A security is a share of ownership in a company—giving the shareholder a stake in the business and an interest in its profits. But those who acquire or hold XRP are not granted any financial stake in Ripple.

    The value of XRP is entirely independent from the value of Ripple, and Ripple possesses no unique proprietary information about XRP that it could use to harm potential holders of the cryptocurrency. Accordingly, it makes no sense to regulate cryptocurrencies like XRP as securities, as the SEC itself has recognized for XRP’s leading competitors Bitcoin (BTC) and Ethereum (ETH).
    news.bloomberglaw.com/securities-law/...
  7. Frederik C. 20 april 2021 12:05
    quote:

    Joshua41 schreef op 19 april 2021 22:19:

    Kben benieuwd wnr ik die Flare tokens zal krijgen op mijn Bitstamp account
    The $FLR distribution will start when the Flare Network goes live. The team is working to make this happen SAFELY as soon as possible. It is dependent on finishing security testing. We expect this at the end of June +/- 2-4 weeks.
    twitter.com/FlareNetworks/status/1383...
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