Ripple received documents from the SEC

We talk about the news of $XRP and how to buy this promising cryptocurrency

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What is XRP?

XRP — the proprietary cryptocurrency of Ripple, a cryptocurrency payment system created by Ripple Labs Inc. XRP — is its “digital asset created for global payments,” implying that Ripple plans to rival money transfers typically made by the traditional banking system.

The Beginning of the Judicial War

The company was founded in 2012, and after it rebranded from the original OpenCoin to Ripple, it entered into a series of partnerships at the highest levels with Bank of America, Santander and Standard Chartered. However, Ripple soon ran into legal trouble with U.S. regulators for failing to comply with the Bank Secrecy Act, and it was later labeled an unregistered security.

Obtaining important documents from the SEC

Ripple has received internal documents from the SEC regarding the speech by the regulator’s former director of corporate finance, William Hinman. This was announced by the company’s legal counsel Stuart Alderoti.

“After more than 18 months and 6 court orders, we finally have Hinman’s documents (internal SEC emails and drafts of his infamous 2018 speech),” said Alderoti, the company’s legal counsel, on his Twitter.

Also, he said, these documents are still confidential, but they were worth fighting for. Perhaps it will give a breakthrough in such a protracted court case.

What reaction of the coin will we see after the rapid progress of the case? In your opinion, will there be one?

“Voice of the People on XRP

There are discussions and theories about many coins, but XRP often remains at the top of the pyramid. Let’s look at some interesting facts, gossip and mechanics of this cryptocurrency. Previously, Ripple Labs had the bulk of the coins in their wallets, namely more than 65% of the entire issue, which made it centralized and represented a kind of monopoly. Now they have ~49% of the issue, and the community wonders where did that 15% go? Was it dumped into the market? Allocated to cooperation and technical upgrades? This question is furiously debated, and there is still no exact answer.

Advantages and distinctive features of XRP

  • Minimum transaction fee, which is only 0.0001 XRP.
  • Integration into the banking system. Cooperation with financial institutions shows the intention and some personality of the coin.
  • Lightning-fast transaction speed.
  • The main features are the absence of the possibility of mining, as well as the rejection of the blockchain.

Where will the price go? That’s a question only you should answer. In the meantime, if you look at the analytics of the notorious Long Forecast, the average price of the coin will be about $1 by the end of 2022 – beginning of 2023. It is necessary to notice, on each positive news about development of legal case the coin actively reacts with growth.

How to buy or sell XRP

At our service you can buy or sell $XRP for both fiat and digital currencies: Banks of Russian Federation, Ukraine, Kazakhstan and other CIS countries, payment systems, as well as more than 45 cryptocurrencies and stabelcoins. Fast, high quality and in any volume.

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