I hold XRP out of respect because they’re taking it for the team…

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XRP Ripple is slugging it out in court, they could have settled to the EVIL EMPIRE (THE USA) but they didn’t. They held their ground because the FEDs were being bullies and really haven’t established a firm definition on crypto and seemed to use definitions on a whim.

Ripple is a real-time macro settlement system, currency exchange and remittance network created by Ripple Labs Inc., a US-based technology company. Released in 2012, Ripple is built upon a distributed open source protocol, and supports tokens representing fiat currency, cryptocurrency, commodities, or other units of value such as frequent flier miles or mobile minutes. Ripple purports to enable “secure, instantly and nearly free global financial transactions of any size with no chargebacks.” The ledger employs the native cryptocurrency known as XRP.

In December 2020, Ripple Labs and two of its executives were sued by the U.S. Securities and Exchange Commission (SEC) for selling XRP tokens, which the SEC classified as unregistered securities.

However, it was evident in the trial that XRP told Ripple earlier (court document revealed) that they weren’t a security.

I am baffled why the judge has not thrown out this case. However, there are rumours that XRP might settle.

The devil is in the details. XRP Ripple has signaled that they wil be hiring several hundreds of people. A JP Morgan report sent to investors earlier this month put XRP and the SEC v. Ripple lawsuit under the spotlight and concluded that a win would put the crypto asset on the road to mainstream adoption. More on that, here.

Coinbase, which was mentioned as a key player for XRP adoption, announced it will participate in the forum and will be represented by CEO Brian Armstrong and Lead Independent Director Fred Wilson.

Ripple has successfully accelerated its global expansion this year despite fears that the lawsuit could cause hesitancy among institutional partners. Now it seems that the blockchain firm will be hiring a few hundreds in 2022 as they prepare the launch of the upcoming Liquidity Hub.

On top of that, the XRP Ledger has just had a “game-changer” upgrade that took a year to come into effect and it’s likely to strengthen its appeal. Ripple’s CTO David Schwartz said it was “awesome news”.

So, in conclusion, where RIPPLE goes so goes the industry as they say.

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