Bitcoin

Ripple's (XRP) Chief Legal Officer Stuart Alderoty revealed that the firm rejected a settlement offer from the U.S. Securities and Exchange Commission (SEC) three years ago. 
The SEC has proposed declaring Ripple's XRP coin a security and giving it a short period of time to adjust to the market. 
According to Alderoty's statement, Ripple rejected the offer, standing firm on two key points: first, their belief that XRP is not a security, and second, their claims that the SEC has failed to create a framework for cryptocurrency compliance. 
Related News: <a href="https://en.bitcoinsistemi.com/veteran-analyst-il-capo-cautions-for-december-29th-reveals-year-end-outlook-for-bitcoin/" target="_blank" rel="dofollow">Veteran Analyst il Capo Cautions for December 29th, Reveals Year-End Outlook for Bitcoin</a> 
Despite the high risks and widespread skepticism about their chances of success, Ripple chose to fight the case, according to Alderoty. Their goal was clear: to show that XRP is not inherently a security. 
According to the manager, the risk paid off. Ripple triumphed by managing to expose what Alderoty described as the “hypocritical tyranny” of the SEC. This landmark case not only vindicated Ripple, but also breathed new life into the US cryptocurrency industry. 
*This is not investment advice. 
 Continue Reading: <a href="https://en.bitcoinsistemi.com/ripple-xrp-chief-legal-officer-reveals-proposal-before-sec-sues-them-in-2020/">Ripple (XRP) Chief Legal Officer Reveals Proposal Before SEC Sues Them in 2020</a>

Ripple (XRP) Chief Legal Officer Reveals Proposal Before SEC Sues Them in 2020

Bitcoin Sistemi EN

Other articles published on Dec 23, 2023

Why Dogecoin will remain relevant in 2024 with or without Musk

Tokoh Kripto Ini Melihat Potensi Kejatuhan Harga BTC Karena ETF-nya

Crypto Billionaire Arthur Hayes: TradFi’s Spot Bitcoin ETF Pursuit Will Kill Bitcoin

Bitcoin Whales and Market Speculation Amidst Rally and Halving Expectations

Shiba Inu Token Burn Pushes Price Rally with 8.4 Billion Tokens Burned

Arthur Hayes Highlights the Dangers of Spot Bitcoin ETF Approval

Join our free newsletter for daily crypto updates!