XRP/RIPPLE vs THE SECURITY & EXCHANGE COMMISSION, THE RESULTS ARE IN!

How’s the summer going for you so far? I hope you’re having as much fun as I am! It seems to be brutally hot all over the world so use caution when you go outdoors, and for sure please let’s all USE SUNSCREEN!

Let’s talk crypto! I’m sure you already heard about it - that a judge determined that Ripple Labs Inc. did not… I repeat, DID NOT … violate federal securities law by selling their XRP token on public exchanges!🙏🏿👀🔥🙌🏾🥳🤸🏿‍♀️

This is a landmark legal victory for the crypto industry! The value of XRP soared right after the results were known with XRP climbing up to 75% by late afternoon on Thursday, (according to Refinitiv Eikon data).

This was the first win for a cryptocurrency company in a case against the Security and Exchange Commission (SEC). Experts say however, that this win for XRP also gives the SEC a partial victory and an SEC spokesperson said the agency was “pleased with part of the ruling in which the judge held that Ripple violated federal securities law by selling XRP directly to sophisticated investors.” I’m sure there will be an appeal but I haven’t heard about it yet, so stay tuned.

In my opinion, the long and short of this is that crypto is here to stay and I’ve been saying this for more than a minute now. I know that all the coins available now definitely won’t make it through the tough spots in the cryptocurrency world, I believe that some coins will fall off the wagon. But the ones that I believe will hang on for the ride besides Bitcoin and ETH, are Solana, Cardano, Ripple, Polygon, Binance Coin, and USD Coin. Those are my favorites.

Please do your own research before you decide if you want to invest in any of them - and of course, pray, pray, and then pray some more. You are led by the Spirit of God and you know His voice! Please also know that the information above is NOT investment advice, and I am not a financial advisor. Invest and/or trade, at your own risk.

Enjoy the summer, I will see you back here in a month!

Copyright ©2023 Sherma Jacqueline Felix, BLACK ADVANTAGE Publishing™. The author shall neither be liable nor responsible for any loss or damage allegedly arising from any information or suggestions in this post. The opinion expressed here is not investment advice – it is provided for informational purposes only