XRP Settlement Rumor Prompts Stablecoin Collapse!
Cryptocurrency exchange and stablecoin providers Binance (BUSD), Tether (USDT), and Tron (USDD) are experiencing massive liquidity outflows as investors are rushing out of unregulated stablecoins and into Circle's FDIC-backed US Dollar Coin (USDC). This massive liquidity movement was spurred by Charles Hoskinson's recent Youtube livestream recorded on Saturday, December 10th.
During the livestream, Hoskinson stated: "I've heard rumors the Ripple case will settle on December 15th." Observably, investors are flooding out of unregulated stablecoins in anticipation of Ripple to LOSE its lawsuit vs. the SEC.
Significant volatility is due ahead. USDT, BUSD, and USDD are currently losing their Dollar pegs as investors believe Ripple will 'lose' its SEC lawsuit.
How will this affect digital asset investors?
With the Ripple lawsuit, the United States Securities and Exchange Commission will declare all digital assets (decentralized and centralized) to be registrable securities. Global digital asset regulation will be enforced by international, central, and corporate banks through the ISO20022 instant-settlement messaging standard. To be legal by United States law, digital assets must comply with ISO20022 global banking settlement networks. This technological power shift MAY BEGIN THIS THURSDAY (DECEMBER 15TH), according to the hints stated by Hoskinson.
BITFREEDOM RESEARCH BELIEVES RIPPLE WILL 'LOSE' THE SEC LAWSUIT. Ripple will be forced to move its operations outside the US. Cryptocurrency investors will collectively perceive the settlement as unfavorable. After the Ripple case decision (due THIS THURSDAY or within six months), all distributed ledger networks and digital assets will be forced to comply with United States regulations or leave the country.
IF nothing happens on Thursday, expect the SEC vs. Ripple settlement announcement to occur sometime before March or June 2023. The SEC will likely identify XRP as a security over the next six months.
Investors must prepare for the RIPPLE effect due to sweep through markets as regulators, institutions, and banks overtake the world's digital asset market.
During the livestream, Hoskinson stated: "I've heard rumors the Ripple case will settle on December 15th." Observably, investors are flooding out of unregulated stablecoins in anticipation of Ripple to LOSE its lawsuit vs. the SEC.
Significant volatility is due ahead. USDT, BUSD, and USDD are currently losing their Dollar pegs as investors believe Ripple will 'lose' its SEC lawsuit.
How will this affect digital asset investors?
With the Ripple lawsuit, the United States Securities and Exchange Commission will declare all digital assets (decentralized and centralized) to be registrable securities. Global digital asset regulation will be enforced by international, central, and corporate banks through the ISO20022 instant-settlement messaging standard. To be legal by United States law, digital assets must comply with ISO20022 global banking settlement networks. This technological power shift MAY BEGIN THIS THURSDAY (DECEMBER 15TH), according to the hints stated by Hoskinson.
BITFREEDOM RESEARCH BELIEVES RIPPLE WILL 'LOSE' THE SEC LAWSUIT. Ripple will be forced to move its operations outside the US. Cryptocurrency investors will collectively perceive the settlement as unfavorable. After the Ripple case decision (due THIS THURSDAY or within six months), all distributed ledger networks and digital assets will be forced to comply with United States regulations or leave the country.
IF nothing happens on Thursday, expect the SEC vs. Ripple settlement announcement to occur sometime before March or June 2023. The SEC will likely identify XRP as a security over the next six months.
Investors must prepare for the RIPPLE effect due to sweep through markets as regulators, institutions, and banks overtake the world's digital asset market.
