Who will win the SEC's lawsuit against Ripple Labs?

Follow |   99
Recruiting
  1. Welcome. First, let us explain the four tasks in each question. This button will later bring you to the wiki with some background information to the question. Now please click the blue arrow > to continue.
  2. This button will show you the exact judgement rule which specifies how the question will be settled and the winner determined. You must accept the rule to unlock trading.
  3. Clicking here will open the trading section where you can then buy and sell predictions using your virtual credits.
  4. The last button will bring you to the market talk section. Try to convince other traders of your predictions with a good argument.
  5. The better your predictions are compared to other traders, the higher will be your share of the incentive.
  1. Welcome! First, please click the “book” icon to jump to a question's information wiki.
  1. Great! Now please click here to check the exact judgement rule.
  1. Now, let’s do your first trade together. Please click here.
  1. Last task: Now convince other traders of your answer to push its price.
  1. When finished, click here to proceed to the next question.
  2. Click here to return to the previous question.
  3. Click here to jump to any question directly.
  4. Continue to trade, talk, or rate before proceeding to the next question.
  • No questions for this search term
Tradinginterface-Tutorial **close

**Antworten handeln

**Investieren Sie Ihre Credits gemäß Ihrer Einschätzung

  • {{ item.msg }}
**Antworten **Kurs (%) **Dafür **Dagegen **Kurslimit **Mögl. Gewinn **Investiert **Aktion
{{ answer.share_price | number:2 }} {{ answer.portfolio.num_shares | number:2 }} {{ answer.invested | number:2 }}
**Handelslimit für diese Frage {{ portfolio.free_credits_question | number:2 }} **Credits
  • **Investiert {{ portfolio.invested | number:2 }}
  • **Bewertung {{ portfolio.asset_valuation | number:2 }}
  • **Gewinn/Verlust (%) {{ portfolio.total_profit_loss | number:2 | removeMinus | addPlus | addPlusMinus }} ({{ portfolio.total_profit_loss_relative | number:2 | removeMinus | addPlus | addPlusMinus }})
  1. You can invest up to 10,000 of your 100,000 credits in each question.
  2. Now please select the likeliest answer and invest.
    • 1,000 credits say "Maybe"
    • 5,000 is "Probably"
    • 10,000 signal "I am certain".
    Try it now!
  1. The more you buy, the higher the price. The next trader must pay even more. Go on.
  2. Click the green check-mark to execute the trade.
  1. Deal? The system confirms if your transaction has been executed.
  2. Here you can see how many Credits you have invested so far.
  3. You can cash out your Credits at any time with the orange "C"-Button.
  1. This is how the question will be judged in the end, when the final outcome becomes known.
  2. This is the precise date or end of the period to which the question refers.
  3. After reading the judgement rule, please click here.
Close

§ Judgement rule

How will the final result of the question be determined?

Modify Final result
On 22 December 2020, the United States Securities and Exchange Commissions filed a complaint against Ripple Labs Inc,. Christian Larsen, and Bradley Garlinghouse with allegations of selling a "digital assets security" without registering this sale with the SEC. The question shall be judged according to the outcome of the first court judgement, irrespective of appeals.
Reference date: Dec. 31, 2021, 24:00 EST

**Alle Antworten

**Widget einbetten **Wahrscheinlichkeit
{{ answer.share_price|number:2 }} %

Price trend

Transactions
  1. Study the background information carefully.
  2. Read the background information carefully, before proceeding.

Wiki article

Edit

Ripple Logo - Copyright: Ripple Labs Inc.The complaint

On 22 December 2020, the United States Securities and Exchange Commission filed a complaint against

  1. Ripple Lab Inc.;
  2. Christian Larsen, the company's co-founder, executive chairman of its board, and former CEO; and
  3. Bradley Garlinghouse, the company's current CEO.

The SEC alleges that they sold a "digital assets security" without registering this sale with the SEC. The question shall be judged according to the outcome of the first court judgement, irrespective of appeals.

Hubertus's comment

These unfolding events are a good reminder why Satoshi Nakamoto chose to remain anonymous. We must remember that each and every centralised non-sovereign digital money before bitcoin failed or was brought down.

The SEC's choice of term "digital assets security" for its allegation is fuzzy, to say the least. A "security" is something entirely different to a "digital asset". Now, mined bitcoin is definitely a digital asset: nobody in the decentralised core bitcoin acivity promises anybody anything. Mind, I am not talking about other activities in the bitcoin ecosystem, just bitcoin core.

Even without checking the detailed asset vs. security issue for XRP, one thing is clear: irrespective whether Ripple prevails, reputational and economic fallout for the company and its executives will still be enormous. Severeal crypo exchanges have already delisted Ripple and a class action suit has been initiated in next to no time.

PS: Elon Musk's little fallout with the SEC is not comparable because Musk's cars have tangible value whereas a money's value depends on its acceptance. Such acceptance currently still requires ties into the ifat money system. The bitcoin community must put more effort into cutting those ties.

Background material

Topics

Assign
  1. Offering the reason for your trade may convince other traders to follow your opinion.
  2. Click '+' if you agree, or '–' to disagree. You get a credit for every rating you make.
  3. For each '+' the author will get +100 credits added to his trading account .
  4. If you rate a comment with "-", please reply and state your objection.
  5. Now please rate, reply, or write your own comment. Best of luck!

Reasons and arguments Analyze

USD 20
Total prize money
Top 5 participants (Ranking) Credits
1. Initial User 14,936.01
2. Gene Archer 14,178.42
3. Kaye Auton 12,409.56
4. Dan Harris 12,000.94
5. H. Abc 7,851.81
Photo Hubertus Hofkirchner
Question owner:
Hubertus Hofkirchner
Moderator:
Helene Meier
Photo Helene Meier
  • 9,681 Views
  • 38 Messages
  • 373 Transactions
This question has 99 followers
Publication is overdue 2022/12/31 24:00 EST