XRP is not a security - All allegations put to rest!

in mgsc •  6 years ago 

Recently, there was a news article about the tussle that took place between Ripple labs and Financial Crime Enforcement Agency (FINCEN) in 2015. According to that FINCEN had alleged that Ripple is selling their cryptocurrency without a legitimate licence. Accordingly, Ripple had paid a fine and FINCEN approved their selling it as a currency.

Now, SEC cannot overrule this decision by FINCEN as different legal government departments are not legally allowed to overrule other department decisions. Since FINCEN had approved XRP as a currency, now SEC cannot suddenly overrule their decision and declare it a security. This should now officially be announced and all put to rest finally, so that we can all get back to business!

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hey @cryptogem, glad to see your passion for cryptocurrencies. and we all know that market is in bearish mode.we can't say anything about Bitcoin for a short term trade.
@cryptogem what do you think about current market situation??
and don't miss to support @vikas4233, plzz follow me and leave your upvote and comment on my blogs..

hi vikas, whats with your high reputation.. i will upvote you to help increase

thanks for support..

hey @cryptogem, We all are know that future of ripple is bright and Ripple will be accepted by all banks.
But what do you think about #Ethereum and #EOS??

Do you really want to know about ETH and EOS ? or you are just trying to set up a conversation to get some votes.. LOL.. Nevertheless you succeded in getting my vote
About XRP, We don't know whether it will be accepted by all banks yet. For now, it is all speculation until they announce atleast 1 bank will use XRapid and consequently XRP. Brad Garlinghouse mentioned that by end of this year aleast 1 bank will use XRapid for sure. Only time will tell!

ETH is the future.. it will be the No 1 coin soon. 10,000 dollars target by 2020.
EOS , in my opinion is a scam

Disclaimer: This is not financial advice nor am I a financial advisor

LOL.... @cryptogem, you are so smart.
But it's true about EOS and ETH.. i'm also hoping for so that EOS and ETH touch sky
but we can say market is in uncertain situation..
By the way plzzz bro support me because you have much reputation so every upvote and comment will help me to grow..
Don't miss to follow me @devkapoor423... #LOL @cryptogem
@cryptogem plzzz support my blog by your precious comments and upvotes.

Good post keep it up... upvoted.
upvote me back thanks 👍

thanks

Good News for Ripple and the whole cryptocurrency market!

@cryptogem I gave you an upvote on your post! Please give me a follow and I will give you a follow in return and possible future votes!

Thank you in advance!

I gave you an upvote on your post! Please give me a follow and I will give you a follow in return!

I believe it's a decent shot that the greater part of the ICOs and ERC20 tokens will be thought about securities. What does everybody think about XRP? In the wake of perusing the meaning of the Howey test it appears to apply to XRP. I posted this remark in day by day talk however figured I would improve reaction as a post. I'm not a XRP financial specialist so I figured I would ask the specialists here. My second inquiry is more wide.

@cryptogem we are know that Ripple is thirst largest coin in cryptocurrency world it is one of the largest acceptable coin in most of the countries. But does it aim to finish the right of decentralization of crypto coins?

Good post keep it up... upvoted.
upvote me back thanks

As a mgsc community member I am following u and upvoting you and commenting on liked posts and also expecting the same from you...thank you

gud artcle

@cryptogem I had a question sir what are your predictions for xrp at the end of 2018

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Appreciate your work brother.

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@cryptogem when will ripple be going up as per the markets

cryptogem

sir this is not possible XRP coin is good and future coin

XRP future is bright , and definitely Ethereum is going to get number 1 position , in a comment I just read EOS is a scam , eager to know why , and I want to know it to become careful , What about Tron ? want to know about it from you
Following you and definitely Upvoted your Nice Post