SEC Cracking Down on Cryptos! Will XRP soon be history?
In the last few days, the SEC has already cracked down on Coinbase and the BUSD. Is the XRP coin next? Is XRP price worthless?
Which topics should we dive deeper into?
Select what genuinely interests you. Your picks feed directly into our editorial planning.
Crypto news that's actually worth your time.
Weekly. 60 seconds. Carefully curated by our editors: no hype, no promo flood, no spam.
The XRP coin has been on the brink for about 2 years. The legal dispute with the US authority SEC could soon result in massive penalties for Ripple Labs, which should cause massive damage to the coin in the coming months. In the last few days, the SEC has already cracked down on Coinbase and the BUSD. Is the XRP coin next?
How did XRP price Perform recently?
Like almost all other cryptocurrencies, the XRP course could already see a strong increase in 2023. It went from $0.34 to $0.42 in January. This surge was followed by a slight consolidation in crypto market prices. The XRP coin also fell to a value of 0.36 dollars.
In the last 1 to 2 days, however, the market and thus also the XRP course went up again. This rose by a few percent and is currently back at a value of over 0.38 dollars.
Why is the XRP coin in danger?
For more than 2 years, crypto investors have been avid observers of Ripple’s legal dispute with the US Securities and Exchange Commission . It is becoming increasingly unclear in which direction the legal dispute is going. In 2022, there were several signs that Ripple could stand a good chance of an acquittal.
FTX’s bankruptcy has turned the tide somewhat. As a result, the FTX token was classified as a security in order to take legal action against FTX and its founder Sam Bankman-Fried. This classification could become a precedent, according to which many altcoins will be classified as securities in the USA in the future. This would mainly affect the XRP coin.
Furthermore, in recent weeks, the SEC has been very determined in its goal of punishing crypto companies for violating regulations. The latest “victims” were Coinbase, which was fined for its staking services, and stablecoin operator Paxos for abandoning BUSD.
Could XRP become worthless?
The XRP coin experienced its golden days in the 2017/2018 bull market. At that time, the coin rose to 2nd place by market capitalization behind Bitcoin and was worth more than 5 dollars at times. Many investors still hope that the XRP price can go in this direction again in the next bull market.
The legal dispute prevented this, among other things, in the last bull market. Should Ripple emerge victorious from the dispute, the XRP price could rise massively again. However, if the founders of Ripple were guilty, the loss of investor confidence would be massive and the XRP coin could fall massively.
In this case, a loss in value of the XRP coin would be very difficult. The strict line of the SEC worries that things could go badly for Ripple.
CryptoTicker Podcast
Every Wednesday, you can tune in to the Podcast on Spotify , Apple and YouTube. The episodes are perfectly tailored for a duration of 20-30 minutes to quickly and effectively familiarize you with new topics in a fun setting on the go.
Related articles
- You might want to Sell XRP before it slips LOWER, Here’s Why!
- XRP Price Prediction: Will XRP Crash to $0?
- Ripple is Expanding Worldwide…XRP Price UP to 1$ SOON?
- SEC vs Ripple: Mark Your Calendars for Q2 2024 Trial
- Crypto On The Crosshairs: A Deep Dive Into The SEC’s Crackdown on Binance, Coinbase, and The Rebirth of FTX 2.0
Which topics should we dive deeper into?
Select what genuinely interests you. Your picks feed directly into our editorial planning.
Crypto news that's actually worth your time.
Weekly. 60 seconds. Carefully curated by our editors: no hype, no promo flood, no spam.
December 9, 2019 5:17 PM
Reaction to SEC Exchange Regulation So Far
In March, the SEC released a statement that warned exchanges from trading assets that meet the definition of a security and they must register. SEC exchange regulation requires listing as a national securities exchange. They also recommended individuals should use a platform that is registered with the SEC.
December 6, 2024 3:01 PM
XRP Price Prediction: Is XRP Price DOWN just a Correction?
Having the XRP price down, and making it retreat to the 4th rank after surpassing Tether has caused speculation, is the XRP price dropping or is it just a correction?
July 21, 2024 6:37 PM
MAJOR Ripple News: How Will These Developments Impact XRP Price?
New developments involving Ripple could have a huge impact on XRP price. What are they and how will XRP price react to this?
November 30, 2023 7:30 AM
Binance Faces Trouble in the Philippines
Philippines SEC moves to block Binance for lacking a license, underscoring legal compliance in crypto trade.
July 13, 2023 5:49 PM
Ripple WINS SEC Lawsuit: Will XRP Price reach 1$ now?
XRP prices have soared more than 30% in the past 24 hours, as Ripple wins SEC lawsuit. Why is XRP surging, and will XRP price reach 1$?
June 11, 2023 2:17 PM
New Efforts for Clearer Crypto Rules in the US? THIS Senator says YES!
Latest crypto rules: Senator Lummis' push for clearer laws to the SEC's lawsuits against crypto companies, and Coinbase CEO calls for constructive dialogue.
June 6, 2023 6:22 PM
Coinbase slammed with SEC Lawsuit right after Binance, what happened?
Coinbase Global, a leading cryptocurrency exchange, finds itself on the receiving end of a lawsuit filed by the U.S. SEC.
April 17, 2022 1:22 PM
XRP SEC Update: Don’t Forget to BUY XRP below 1$! Here’s Why
Will Ripple manage to win the SEC lawsuit and get back on track? Let's have a quick XRP SEC update and see why XRP has big potential ahead.
July 29, 2024 10:29 AM
XRP Price Prediction: Will XRP Break Its Next Resistance Level Today?
With the current market uptrend, all cryptos are showing bullish signals. With XRP struggling to surpass the $0.60 resistance level, could this market surge help do it?
May 15, 2024 10:37 AM
Ripple Leads the Tokenization Revolution with XRP
Ripple is leveraging XRP to lead the tokenization revolution, transforming the future of finance with innovative cross-border payment solutions.
April 1, 2024 1:09 PM
Why is XRP Price Up? Can XRP Reach $3?
Can XRP ascend to $3 in the near future? Let's take a look at this XRP price prediction article in more detail
March 11, 2024 2:29 PM
Bitcoin Soars to $72,000: New all time high reached!
Explore the surge in Bitcoin prices as the UK permits crypto-linked ETPs, marking a significant shift in cryptocurrency regulation and investment.
February 5, 2024 7:34 AM
XRP Price Prediction: What Will Happen To XRP Price in 2024?
Curious about the fate of XRP? Let's dive into the tech magic and feel the pulse of the crypto community in this XRP price prediction article.
January 6, 2024 1:08 PM
XRP Price Prediction for 2024
Explore Ripple's 2024 outlook in this article, covering its SEC lawsuit, market impact, and XRP price predictions.
November 17, 2023 5:56 PM
Bitcoin ETF: What are they and Why are they Important to Bitcoin Price?
Bitcoin ETFs gained a lot of buzz as BlackRock has filed an application with the SEC. What are Bitcoin ETFs and why are they important to BTC prices?
November 12, 2023 5:50 AM
XRP Price Prediction: How High can the XRP Price reach? XRP Price UP to 1$ SOON?
Will the price of XRP rise? How high can the XRP price go? Let us examine this in this XRP price prediction post.
November 5, 2023 3:02 PM
XRP Price Prediction: Is a $10 XRP Inevitable? Myth or Upcoming Reality?
XRP has seen a price change of 4.33%, indicating a positive sentiment in the market. Let's take a look at this XRP price prediction article.
October 28, 2023 1:05 PM
XRP Price Prediction as XRP Eyes $0.60…Will XRP reach 1$?
XRP is still considered undervalued by many crypto investors. Will XRP reach 1$ soon? Let's analyze in this XRP price prediction article.
October 20, 2023 2:15 AM
XRP NEWS: SEC Drops Lawsuit Against Ripple $XRP Executives, XRP will Reach $10 Soon?
Discover how the SEC's decision to drop its lawsuit against Ripple Labs impacts XRP's market performance and its potential to reach new heights.
October 15, 2023 2:30 AM
Grayscale’s ETF Ambitions Gain Momentum: SEC Steps Back, But Will Bitcoin Price Rocket to the Moon?
Explore how Grayscale's ETF ambitions and the SEC's recent decisions could influence Bitcoin's price trajectory. Will the crypto giant rocket to unprecedented heights?
October 7, 2023 1:25 PM
Ripple News: XRP Price to Go UP as Ripple won the SEC Again?
Ripple news: The legal tussle between Ripple and the SEC witnessed a dramatic turn that favored the former. Will XRP price go up now?
September 13, 2023 3:22 PM
Ripple’s CTO Drops Hints about IPO and SEC Settlement at Upcoming NYC Event
Ripple’s CTO, David Schwartz, hints at potential IPO and SEC settlement revelations at an upcoming NYC gathering. Stay tuned for game-changing updates from the XRP community.
August 2, 2023 2:16 PM
Potential Worldcoin Price Crash as Kenyan Government Halts Worldcoin?
The government of Kenya just announced a temporary halt on all activities of Worldcoin. Will Worldcoin price crash following privacy concerns?
July 29, 2023 1:03 PM
How High will XRP reach when the XRP Lawsuit Officially Ends?
XRP price has almost doubled since the Ripple victory. How high will XRP reach when the XRP lawsuit officially ends?
June 24, 2023 11:43 AM
XRP Price Surges: A Strong Recovery To Come Amid Market Revival?
Prices of most digital assets, including XRP price, the native currency of the Ripple network, took a steep dive.
More from CryptoTicker