Ripple XRP settles with SEC for $100 million, will return investor funds

#1

The source is reputable, so probably unlikely to be an April Fools Day joke. But wow. Huge fine. It’s a settlement, so Ripple admits no fault. With a $25 billion market cap, what’s $100 million, but the fine has to sting, given Ripple and XRP’s legitimacy in other parts of the world.

Or perhaps the SEC found itself in a losing position, and offered up the settlement to get something. We will never know.

Now we wait for an official announcment of the settlement and a relisting of XRP to the largest exchanges.

https://www.financemagnates.com/cryptocurrency/coins/ripple-settles-xrp-case-with-sec-for-100-million/

#2

I think you’ve been punked :rofl:

XRP - Finance Magnates - April Fool's joke
XRP - Finance Magnates - April Fool's joke942×590 164 KB

Happy April Fool’s Day, BillyBob

1 Like
#3

Oh my oh my. :joy:

We shall see on Friday, the day after for fools!

#4

So was it a joke or not?

#5

Bloody April fools…

#6

You got bamboozled!

#7

The post was taken down. I’m cleaning the pie of my face. :rofl:

In better news, confirmed with my eyes, XRP is up.

#8

Lol I see 22 people clicked the link too :joy:

#9

Perhaps the article helped push the price above $1 for a bit, before we all came to our senses!

#10

Frankly, I invest in cryptocurrencies just to diversify my portfolio and manage risk. Otherwise, I don’t understand them that well. Also, I never trade them because it requires a lot of knowledge. I find them good for long-term investments.

#11

Better to get acquainted with what you’re investing in. At least at a basic level.

#12

Which cryptos do you invest in?

#13

The rumor mill is under the impression that the case will be settled soon.

https://financefeeds.com/sec-v-ripple-settlement-feasible-next-two-weeks-said-top-laywer/

Can we trust a lawyer?

#14

I never thought that I would invest in any cryptocurrency other than bitcoin. But seeing the rising value of ripple makes me believe that I was wrong and the market has got to offer a lot of opportunities to its traders if they are ready to do something big.

#15

Plenty of coins and tokens have doubled in just the last couple day (and some have fallen again). Plenty of opportunity outside of Bitcoin. Interested in any others?