The battle between the US Securities and Exchange Commission and XRP (SEC vs. Ripple) is drawing to a close, and pro-Ripple lawyer and founder of CryptoLaw John Deaton recently took to Twitter to talk about the lawsuit.
“XRP has the most attractive risk/reward ratio IMO. The Judge’s ruling is coming down w/in the next few weeks (maybe this week). If the SEC wins, what’s the downside from .45? Ripple appeals and we get the status quo. Ripple wins and it’s made clear XRP isn’t a security? Upside?”, the tweet reads.
What is SEC vs. Ripple?
The US Securities and Exchange Commission sued Ripple Labs, the company behind XRP, and two of its executives in December 2020. The SEC claims that XRP is a security and has illegally raised $1.3 billion through an unregistered coin offering. The core of the case is whether XRP should be classified as a security or not.
Following the lawsuit, the SEC forced all US crypto exchanges to unlist XRP, resulting in price drops and losses for the token’s investors. The XRP community remains optimistic, however, as the court ruling day draws near.
What is XRP?
Founded in 2012 by David Schwartz, Jed McCaleb, and Arthur Britto, XRP was created to be a faster, more efficient version of Bitcoin. As an open-source, permissionless, decentralised technology, it has a variety of applications and use cases related to DeFi, payments, NFTs, tokenisation, and stablecoins. XRP claims to be 61,000x more energy efficient than proof-of-work blockchains and provides coding tutorials on its website to help developers build apps and manage accounts.
As of this writing, XRP is the 6th most popular cryptocurrency according to CoinMarketCap. Its price is $0.57 with a trading volume of $3,853,793,584. It has a market cap of $29,646,422,974 with 51,678,187,732 XRP coins in circulation.
The New and Mysterious Signuptoken.com
The launch of a new cryptocurrency is usually preceded by a presale i.e, a ‘beta version’ of a crypto token. Signuptoken.com is not one of those cryptocurrencies. Signuptoken.com instead uses a sign-up system (hence the name). All investors need to do is fill in their e-mail on the website and they will get a date for the coin’s launch and a proposition to purchase tokens ahead of time.
Once Signuptoken.com reaches a million sign-ups, the coin will officially launch, and those who signed up first will get access to the token! There is absolutely nothing to lose by signing up for Signuptoken.com. You do not have to spend any money, and you get huge returns on investment if the token ends up being successful.
As we learned from the SEC vs. Ripple case, cryptocurrencies are extremely volatile. Purchasing crypto is always risky, as price surges and drops are unpredictable. Signuptoken.com’s sign-up system can alleviate some of the uncertainty around cryptocurrency. Because the information that’s out about the token is scant, giving your e-mail to receive updates on launch day can make you feel like you’re part of an exclusive club. Signuptoken.com has nearly 2,000 sign-ups so now’s a good time to become part of the millionaire’s club.
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