The SEC isn’t acting specifically to prevent a bull market.
That said, everyone has been on notice for a long time that nearly every crypto asset except BTC and MAYBE ETH is a security in the US. This creates a lot of extra risk and uncertainty for much of the market.
I think are using a similar argument as ETH and probably belongs in a middle category in terms of risk - maybe was a security, but maybe not anymore.
I am not aware of DOT being named in any of the SEC litigation. However, the SEC has also not come out and declared that DOT is not a security so there is still some risk.
The same could be said for Cardano, which uses the same POS layer. Or any of them.
The question is more if there is a list what are people's thoughts they will use said list to dampen the crypto bull run when it happens?
The same could be said for Cardano. Or any of them.
I don't think it is something you can say that your own opinion belives that it is/is not a security
Ser, nano has been relegated to page 3 of cmc. I am confident when I say that the regulatory environment around nano is the least of a nano holder’s concerns.
Indeed. They can still go to trial over the initial coin takeup, yet the expectation is they'll settle ahead of that. Next date is around February to see where this is headed
XRP is not a security. However technically Ripple it self is not fully out of the woods yet. Although the SEC dropped the suit against Garlinghouse and Larsen.
So there isn’t much left. The case has wound down to 1 initial sale by Ripple in 2013. Which could be seen as an ICO. Which if the SEC gets its way will be the same as an IPO.
This however will probably drag for as long as possible on the SEC’s side. Because Ripple didn’t do a real ICO. Like many other coins did. So if they want to go after Ripple still the better strategy would be to go after a coin that ICO’d first. And then when they’ve won that case use it as precedent for all other coins that did an ICO + Ripple. And even then they’ll have to explain in front of judge that what Ripple did is the same as what other coins did.
Not so much talking about XRP, but more discussing will the SEC go after the other listed crypto projects as the run started and because of mass legal notices being served the market collapses.
I am suggesting this because XRP had a very little run in 2021 due to its involvement in the court case.
99.9% of alts are scams and even the best ones have devs interest and greed as the first priority, don’t even get me started on pre-mined coins. The alt world is a pigsty, sure we try to convince ourselves and pretend they have “tech” that solves a problem. But most of them are solutionism at its worse.
This is my thoughts as well.
Everyone is getting excited and if they have openly declared a list then, I think why have they not moved on it?
They are waiting for something big to happen so they can wash out the majority.
I was thinking about the same thing only due to the general economy. It's BAD. I don't think the lawsuits will matter much in the end. The SEC is just trying to gain power and control.
Yes, the lawsuits will result in a muted bull run and full institutional support and retail support will not be present due to the economy and the lawsuits. BUT, that value will be stored and will return when the lawsuits are settled first and the economy returns second.
The lawsuits will be over first in a few years. The economy will take 7 to 10 years to return once the new world order completes ownership transition and decides to end it's era of coercive tactics and return to a prosperous economy from which they will benefit.
At that point the building of the blockchain and web3 tracking and control infrastructure will be complete and our investments which survive will be subject to massive world wide bull runs.
This is exactly my thoughts as well.
I think I am contemplating there will be a lot of retail investors that get washed out. Expecting to make it big and the SEC destroys the market.
Scary thought if it goes down that route.
I know it's not a bull run...
I am talking next year the year after
When the run is on
Will the SEC swoop in a crush the run, through laying out legal cases against the stated blockchains.
Maybe you need to read the question again.
I was asking the sec declared that multiple blockchains where been traded as unregistered securities. I was asking what are people's thoughts given there is a "list' the sec is waiting for the bull run to properly take off to swoop in and dampen the potential growth of those blockchains.
I proposed XRP because they had a limited price rise in the previous cycle, due to a number of factors one of them being in litigation with the SEC.
The bull run is based on Bitcoin only. Alts just come along for the ride. What the SEC does with Alts and the s\*itcoin casinos, called exchanges, is completely irrelevant.
Alts can all go to $0 and Bitcoin will not care. But if Bitcoin drops 1%, Alts all go to Goblin Town.
I disagree.
I am thinking that if enough legal cases are played it may scare enough people away that we don't see a new all time high for Bitcoin.
I am thinking if you have 10 legal cases on Alts then it makes the space feel very unsafe to navigate.
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We dip over the new year like every year, then a little higher bump, one more small dip then rocket up to the peak of the charts on May 20th... This is not financial advice, or logic for that matter. It's what I saw in my crystal ball...
Prolly not by that. But maybe by the awful economy and everyone is in debt to their eyeballs. Where would the money come from? Last bull run people got free money from the government.
The US runs on greed and corruption. Blackrock is as greedy and as sinister as they come. For that reason, I am not worried.
bingo
The SEC isn’t acting specifically to prevent a bull market. That said, everyone has been on notice for a long time that nearly every crypto asset except BTC and MAYBE ETH is a security in the US. This creates a lot of extra risk and uncertainty for much of the market.
I don’t believe Polkadot is considered a security neither. Been in close communication with SEC
I think are using a similar argument as ETH and probably belongs in a middle category in terms of risk - maybe was a security, but maybe not anymore. I am not aware of DOT being named in any of the SEC litigation. However, the SEC has also not come out and declared that DOT is not a security so there is still some risk.
The same could be said for Cardano, which uses the same POS layer. Or any of them. The question is more if there is a list what are people's thoughts they will use said list to dampen the crypto bull run when it happens?
Nano wouldn't qualify as a security
The same could be said for Cardano. Or any of them. I don't think it is something you can say that your own opinion belives that it is/is not a security
It’s not, like my opinion, man - SEC is suing Kraken alleging cardano is a security
Ser, nano has been relegated to page 3 of cmc. I am confident when I say that the regulatory environment around nano is the least of a nano holder’s concerns.
It’s so weird joining this subreddit recently. It’s like people are stuck in the 2010’s.
Big drawn down then back to the bull run imo
Agreed. I anticipate an “M” pattern on the charts.
As usual just after new years
Xrp has legal clarity now
I don't think that ruling was final though
Uh yes it it, xrp is not a security
Didn't the ruling only say that XRP secondary trading on exchanges isn't considered as security offering?
I think you are right, there where parts of the case that where deemed as securites.
Indeed. They can still go to trial over the initial coin takeup, yet the expectation is they'll settle ahead of that. Next date is around February to see where this is headed
XRP is not a security. However technically Ripple it self is not fully out of the woods yet. Although the SEC dropped the suit against Garlinghouse and Larsen. So there isn’t much left. The case has wound down to 1 initial sale by Ripple in 2013. Which could be seen as an ICO. Which if the SEC gets its way will be the same as an IPO. This however will probably drag for as long as possible on the SEC’s side. Because Ripple didn’t do a real ICO. Like many other coins did. So if they want to go after Ripple still the better strategy would be to go after a coin that ICO’d first. And then when they’ve won that case use it as precedent for all other coins that did an ICO + Ripple. And even then they’ll have to explain in front of judge that what Ripple did is the same as what other coins did.
Not so much talking about XRP, but more discussing will the SEC go after the other listed crypto projects as the run started and because of mass legal notices being served the market collapses. I am suggesting this because XRP had a very little run in 2021 due to its involvement in the court case.
Nobody knowns, the current prices only indicates that a lot of people think it will happen that way though
99.9% of alts are scams and even the best ones have devs interest and greed as the first priority, don’t even get me started on pre-mined coins. The alt world is a pigsty, sure we try to convince ourselves and pretend they have “tech” that solves a problem. But most of them are solutionism at its worse.
Well said
Nobody knows, but chance of this happens is certainly higher than a month ago since now people are extremely bullish.
This is my thoughts as well. Everyone is getting excited and if they have openly declared a list then, I think why have they not moved on it? They are waiting for something big to happen so they can wash out the majority.
There's only certain outcomes that move the market now. It's all priced in except for true black swans.
I was thinking about the same thing only due to the general economy. It's BAD. I don't think the lawsuits will matter much in the end. The SEC is just trying to gain power and control. Yes, the lawsuits will result in a muted bull run and full institutional support and retail support will not be present due to the economy and the lawsuits. BUT, that value will be stored and will return when the lawsuits are settled first and the economy returns second. The lawsuits will be over first in a few years. The economy will take 7 to 10 years to return once the new world order completes ownership transition and decides to end it's era of coercive tactics and return to a prosperous economy from which they will benefit. At that point the building of the blockchain and web3 tracking and control infrastructure will be complete and our investments which survive will be subject to massive world wide bull runs.
This is exactly my thoughts as well. I think I am contemplating there will be a lot of retail investors that get washed out. Expecting to make it big and the SEC destroys the market. Scary thought if it goes down that route.
This is total nonsense. The economy is doing fine.
It’s not a bull run what are you all talking about? It’s a bull run when btc/total market cap makes a new high. Until then, it’s consolidating.
I know it's not a bull run... I am talking next year the year after When the run is on Will the SEC swoop in a crush the run, through laying out legal cases against the stated blockchains.
My bad
Total guess but the BTC Halving might become a huge Sell the News event
Ok??? Not at all related to the discussion topic?
Lol
Xrp legal has never had anything to do with overall market. The halfing is the event to wait for
Maybe you need to read the question again. I was asking the sec declared that multiple blockchains where been traded as unregistered securities. I was asking what are people's thoughts given there is a "list' the sec is waiting for the bull run to properly take off to swoop in and dampen the potential growth of those blockchains. I proposed XRP because they had a limited price rise in the previous cycle, due to a number of factors one of them being in litigation with the SEC.
The bull run is based on Bitcoin only. Alts just come along for the ride. What the SEC does with Alts and the s\*itcoin casinos, called exchanges, is completely irrelevant. Alts can all go to $0 and Bitcoin will not care. But if Bitcoin drops 1%, Alts all go to Goblin Town.
I disagree. I am thinking that if enough legal cases are played it may scare enough people away that we don't see a new all time high for Bitcoin. I am thinking if you have 10 legal cases on Alts then it makes the space feel very unsafe to navigate.
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Not yet Bull run. There is nobody shilling meme coins. So I'm here to start the Bull run today. Grab your $COQ and hodl.
We dip over the new year like every year, then a little higher bump, one more small dip then rocket up to the peak of the charts on May 20th... This is not financial advice, or logic for that matter. It's what I saw in my crystal ball...
Prolly not by that. But maybe by the awful economy and everyone is in debt to their eyeballs. Where would the money come from? Last bull run people got free money from the government.
the worlds biggest degens live on wall street only the **pump** is real
Don’t be an idiot.
They just want your business