Hello everyone on this Monday 10/05/2021. I hope you are all fine. Thank you to my readers and Thank you again to the 4328 persons who have subscribed to my YouTube Channel. Here is my video published on 05/05, "DOGECOIN = ELON MUSK / Nabila Coin, Les Hedge Fund, SEC en Folie face aux Retails, XRP/RIPPLE". (more details below the video)
You have maybe seen that lately the US SEC (Security and Exchanges Commission) had threatened (indirectly) the retail investors, especially John Deaton and other lawyers.
And that was ABSOLUTELY crazy. Here is WHY :
THE US SEC is supposed to protect the retail investors.
A huge group of XRP investors now wants to be heard by the Judge Netburn because lots of XRP investors have been liquidated because of the SCAM lawsuit of the US SEC.
And HERE IS WHY the SEC is harassing Ripple : if finally Ripple wins this BS lawsuit, not only it would mean that the US SEC will have wasted a lot of time and energy to Ripple, they will also not have been able to prove that they were protecting the retails, and because of them, so many retails have been liquidated. So the US SEC tries by any non honest mean to prove that they are right, because its credibility is now engaged.
They only POSITIVE consequence of this Lawsuit is that it prevents Ripple to continue to sell their XRP by the mean of the exchanges.
They continue to sell by the OTC mechanisms (probably directly)
May people accused Ripple to dump XRP on exchanges, by the mean of Escrow system release of 1 Billion each month.
Since several months, Ripple stopped to dump XRP on exchanges.
So, I cannot say that I am opposed to this lawsuit entirely, because the market needs to be regulated.
And, honestly, I think that selling XRP by escrow on exchanges could more characterize XRP as security than if it is directly by OTC.
At least, the selling pressure was more impacting by exchanges.
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