RIPPLE SETTLEMENT

XRP is down a little bit 5% on the day, this is why this is happening if you look into the clamp down with staking protocols that have been sent down to Kraken. We have seen a triple-down effect and obviously, a pullback was in the cards for crypto. This is something that has been waiting to happen, we have been on too hot of a tear at the start of 2023. Let's just take it for what it is and monitor the charts and kind of see what is happening after the dust settles with this crack and fallout. We all had speculation back when a fix business journalist hinted that a regular might make a big announcement soon.

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However, this turns out to be the Kraken settlement and not the XRP settlement. The XRP settlement is still coming, it is supposed to be coming in the spring. You should know that back in December 2020, Ripple tried to settle previously with the SEC. However, Ripple stated that a settlement with only be considered if XRP would only be deemed a non-security. You can see why this is ongoing, trading back and forth blows if you will of why a security and commodity debate is ongoing. A crypto enthusiast Bill Morgan believes the SEC has more to gain if a settlement occurs before a summary judgment is reached.

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What he basically saying is that the SEC would gain a big fine, an outcome that would justify the initiation of the lawsuit. There will be no decision on the blue sky investment contract issue. This is coming over and over again, we are seeing it now with the SEC verse Wahi, the insider trading will Coinbase. If Ripple would win, just imagine what would happen at that point. He is going to conclude his thoughts on the fact when we talk about the SEC and the legalities surrounding this and how monumental Ripple winning this Verdict would be for crypto. Just imagine that triple-down effect and the monumental nature if there was a precedent set on why security could not exit for crypto such as XRP.