XRP SEC Saga To Come To An End As SEC Makes Move To Issue No Action Letters, No Legal Action Will Be Taken Against XRP

SEC

XRP News Today – The XRP SEC saga has been one of the biggest stumbling blocks for XRP over the years. While XRP hasn’t been declared a security by the SEC, many investors have avoided the token because of fear that it may eventually be tagged an unregistered security. For years, the most popular cryptocurrency exchange in the United States, Coinbase, refused to list XRP because it didn’t want to be held accountable for trading unregistered securities. When Coinbase finally listed XRP, everyone believed that XRP was in the clear from the regulatory watchdogs. Still, because of the relationship between XRP and Ripple, its parent company, many members of the cryptocurrency community are still not confident about the XRP security status. According to a latest news from Crypto Briefing, the SEC may be making a move that would clear the doubts of investors regarding the XRP SEC saga forever. How will this affect the XRP price prediction 2019? 

XRP News Today: XRP Price Prediction 2019 – XRP Latest Update – XRP SEC Saga – United States Securities and Exchange Commission May Be Announcing Good News Soon

The United States Securities and Exchange Commission is considering taking a more flexible stance in enforcing security regulations in the cryptocurrency space. If this happens, they will grant no-action letters to initial coin offerings and other cryptocurrency projects that have valuable use cases. The head of the Division for Corporate Finance William Hinman, said that these no-action letters will be issued to projects that are regulatory compliant. These letters will apply even when these projects initially violated security regulations. What this means is that the SEC will not pursue legal action against the projects as long as they become regulatory compliant.

Last year, the chairman of the SEC, Jay Clayton, said that regulating cryptocurrencies and ICO are on the top of its priority list for 2019. However, it would seem that they are adopting a more flexible approach as opposed to witch hunting. During the SEC’s inaugural blockchain conference at FinHub Forum which took place at Washington D.C, Hinman referenced the no action letter saying; “That’s the flexibility of the regulatory framework that we’re working with.”

XRP Price Prediction 2019: XRP News Today – Will Ripple Get A No Action Letter? What Does This Mean For XRP?

If the SEC declares XRP a security and decides to issue a no action letter to Ripple, this would mean that XRP will not be slammed with any legal action by the SEC as long as it becomes and remains regulatory complaint. This is good news for Ripple, exchanges that have XRP listed and every digital asset investor on the XRP rich list. All the retailers and institutional investors that have avoided XRP because of the XRP SEC saga and lack of regulatory clarity will be free to start exploring XRP.

XRP (XRP) Price Today – XRP / USD

#NamePrice24H %
3
ripple
XRP(XRP)
$0.272
-1.33%

At the time of writing, the price of XRP was $0.427190. This means that it is down by 0.40% against the USD and down by 1.67% against the BTC. The trading volume over a 24 hour period is $1,828,396,562 and the market capitalization is $18,019,727,850. If the SEC issues a no action letter to Ripple, XRP will have what it takes to reach its full potential. There is no limit to how high XRP can go.

What do you think about the XRP news today? How high can XRP go if SEC doesn’t take any legal action against Ripple? Share your thoughts in the comment section below.

Ufuoma Ogono is a cryptocurrency writer with over 3 years experience in the cryptocurrency industry. She dedicates her time to sharing valuable information to members of the cryptocurrency community.

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