{"id":453064,"date":"2020-12-24T23:00:59","date_gmt":"2020-12-24T23:00:59","guid":{"rendered":"https:\/\/uniquehot.com\/?p=453064"},"modified":"2024-06-11T07:56:18","modified_gmt":"2024-06-11T07:56:18","slug":"heres-why-the-xrp-securities-suit-is-worse-than-past-sec-charges","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/ripple\/heres-why-the-xrp-securities-suit-is-worse-than-past-sec-charges\/","title":{"rendered":"Here\u2019s Why The XRP Securities Suit Is Worse Than Past SEC Charges"},"content":{"rendered":"

In what has had an enormous ripple effect across the crypto industry<\/a>, the SEC has filed a lawsuit that deems the XRP cryptocurrency token to be an unregistered security. Those on the defensive look to past instances of EOS and KIN as examples of tokens launched that barely got a slap on the wrist, paid a fine, and went on their merry ways.<\/p>\n

However, one crypto analyst with a strong understanding of law explains exactly why this Ripple lawsuit is especially bad, and why XRP investors in the US are right to be worried.<\/p>\n

Ripple Lawsuit: SEC Fires Shot Heard Round The Crypto Industry<\/h2>\n

This week, Ripple CEO first broke the news<\/a> to the media that he was expecting a lawsuit from the United States Securities and Exchange Commission.<\/p>\n

The crypto market took pause to digest the new information and consider the potential impact of what was to come, and then XRP plummeted<\/a> once investors came to grips with the severity.<\/p>\n

Related Reading | Ripple Lawsuit Triggers XRP Led Altcoin Apocalypse<\/a><\/strong><\/em><\/p>\n

Retail investors panic sold, and even large hedge funds based in the US have now liquidated their holdings to stay compliant with US law. The expectation is that major exchanges like Coinbase will delist the altcoin next.<\/p>\n

It immediately caused the cryptocurrency to fall in overall market cap, bleeding billions in hours<\/a>. And while the “XRP army,” analysts, and supporters came out in droves with reasons why Ripple will be fine and so will their favorite centralized cryptocurrency, there is serious risk in this situation compared to others.<\/p>\n

\"<\/p>\n

A look at the aftermath of the SEC lawsuit. However, support is still holding... | Source: XRPUSD on TradingView.com<\/a><\/pre>\n
 <\/p>\n
Why The XRP Suit Doesn’t Compare To EOS Or KIN Cases<\/h2>\n
XRP supporters holding on to what they still can, might find comfort in knowing that the companies behind EOS and KIN tokens<\/a> were able to successfully settle with the SEC, pay their fines, and move on.<\/p>\n
Adam Cochran professional analyst and partner at Cinneamhain Ventures breaks down why the Ripple case is different<\/a>.<\/p>\n
First, the SEC asserts that XRP today is still an unregistered security<\/a>, while EOS and KIN tokens were only at the time of sale. They also have documentation of centralization, which is what the crypto community often disliked most about XRP.<\/p>\n
Related Reading | Ripple Effect: What The XRP SEC Lawsuit Says To New Crypto Projects<\/a><\/strong><\/em><\/p>\n
Ripple execs Brad Garlinghouse and Chris Larsen are explicitly named in the case as liable. Cochran also says that exchanges will need to delist XRP immediately<\/a> or risk being in violation of securities laws themselves. The SEC has issued a statement offering clarity around the situation, but others have added that although some leniency is being given to exchanges that have offered the token to customers thus far, it doesn’t give them the freedom to keep doing so now that XRP has been deemed a security.<\/p>\n
Lastly, the case could drag out for years, causing XRP to suffer significantly<\/a> as a result.<\/p>\n
Featured image from Deposit Photos, Charts from TradingView.com<\/pre>\n","protected":false},"excerpt":{"rendered":"
In what has had an enormous ripple effect across the crypto industry, the SEC has filed a lawsuit that deems the XRP cryptocurrency token to be an unregistered security. Those on the defensive look to past instances of EOS and KIN as examples of tokens launched that barely got a slap on the wrist, paid a fine, and went on their merry ways. However, one crypto analyst with a strong understanding of law explains exactly why this Ripple lawsuit is especially bad, and why XRP investors in the US are right to be worried. Ripple Lawsuit: SEC Fires Shot Heard Round The Crypto Industry This week, Ripple CEO first broke the news to the media that he was expecting a lawsuit from the United States Securities and Exchange Commission. The crypto market took pause to digest the new information and consider the potential impact of what was to come, and then XRP plummeted once investors came to grips with the severity. Related Reading | Ripple Lawsuit Triggers XRP Led Altcoin Apocalypse Retail investors panic sold, and even large hedge funds based in the US have now liquidated their holdings to stay compliant with US law. The expectation is that major exchanges like Coinbase will delist the altcoin next. It immediately caused the cryptocurrency to fall in overall market cap, bleeding billions in hours. And while the “XRP army,” analysts, and supporters came out in droves with reasons why Ripple will be fine and so will their favorite centralized cryptocurrency, there is serious risk in this situation compared to others. A look at the aftermath of the SEC lawsuit. However, support is still holding… | Source: XRPUSD on TradingView.com   Why The XRP Suit Doesn’t Compare To EOS Or KIN Cases XRP supporters holding on to what they still can, might find comfort in knowing that the companies behind EOS and KIN tokens were able to successfully settle with the SEC, pay their fines, and move on. Adam Cochran professional analyst and partner at Cinneamhain Ventures breaks down why the Ripple case is different. First, the SEC asserts that XRP today is still an unregistered security, while EOS and KIN tokens were only at the time of sale. They also have documentation of centralization, which is what the crypto community often disliked most about XRP. Related Reading | Ripple Effect: What The XRP SEC Lawsuit Says To New Crypto Projects Ripple execs Brad Garlinghouse and Chris Larsen are explicitly named in the case as liable. Cochran also says that exchanges will need to delist XRP immediately or risk being in violation of securities laws themselves. The SEC has issued a statement offering clarity around the situation, but others have added that although some leniency is being given to exchanges that have offered the token to customers thus far, it doesn’t give them the freedom to keep doing so now that XRP has been deemed a security. Lastly, the case could drag out for years, causing XRP to suffer significantly as a result. Featured image from Deposit Photos, Charts from TradingView.com<\/p>\n","protected":false},"author":517,"featured_media":453075,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[16894],"tags":[6664,3680,3799,4531,74937,10972,78763],"class_list":["post-453064","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ripple","tag-crypto","tag-ripple","tag-sec","tag-xrp","tag-xrpbtc","tag-xrpusd","tag-xrpusdt"],"acf":[],"yoast_head":"\nHere\u2019s Why The XRP Securities Suit Is Worse Than Past SEC Charges<\/title>\n<meta name=\"description\" content=\"In what has had an enormous ripple effect across the crypto industry, the SEC has filed a lawsuit that deems the XRP cryptocurrency token to be an\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/uniquehot.com\/news\/ripple\/heres-why-the-xrp-securities-suit-is-worse-than-past-sec-charges\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Here\u2019s Why The XRP Securities Suit Is Worse Than Past SEC Charges\" \/>\n<meta property=\"og:description\" content=\"In what has had an enormous ripple effect across the crypto industry, the SEC has filed a lawsuit that deems the XRP cryptocurrency token to be an\" \/>\n<meta property=\"og:url\" content=\"https:\/\/uniquehot.com\/news\/ripple\/heres-why-the-xrp-securities-suit-is-worse-than-past-sec-charges\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2020-12-24T23:00:59+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-11T07:56:18+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/12\/xrp-crypto-ripple-sec-lawsuit-Depositphotos_235809788_xl-2015-scaled.jpg?fit=2560%2C1707\" \/>\n\t<meta property=\"og:image:width\" content=\"2560\" \/>\n\t<meta property=\"og:image:height\" content=\"1707\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Tony "The Bull" Severino\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@https:\/\/twitter.com\/tonythebullBTC\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Tony "The Bull" Severino\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/uniquehot.com\/news\/ripple\/heres-why-the-xrp-securities-suit-is-worse-than-past-sec-charges\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/uniquehot.com\/news\/ripple\/heres-why-the-xrp-securities-suit-is-worse-than-past-sec-charges\/\"},\"author\":{\"name\":\"Tony \\\"The Bull\\\" Severino\",\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/person\/5322c9a09a6f19804bb578de17556a1d\"},\"headline\":\"Here\u2019s Why The XRP Securities Suit Is Worse Than Past SEC Charges\",\"datePublished\":\"2020-12-24T23:00:59+00:00\",\"dateModified\":\"2024-06-11T07:56:18+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/uniquehot.com\/news\/ripple\/heres-why-the-xrp-securities-suit-is-worse-than-past-sec-charges\/\"},\"wordCount\":495,\"publisher\":{\"@id\":\"https:\/\/uniquehot.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/uniquehot.com\/news\/ripple\/heres-why-the-xrp-securities-suit-is-worse-than-past-sec-charges\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/12\/xrp-crypto-ripple-sec-lawsuit-Depositphotos_235809788_xl-2015-scaled.jpg?fit=2560%2C1707\",\"keywords\":[\"crypto\",\"Ripple\",\"sec\",\"xrp\",\"XRPBTC\",\"XRPUSD\",\"xrpusdt\"],\"articleSection\":[\"Ripple\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2020\",\"copyrightHolder\":{\"@id\":\"https:\/\/uniquehot.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/uniquehot.com\/news\/ripple\/heres-why-the-xrp-securities-suit-is-worse-than-past-sec-charges\/\",\"url\":\"https:\/\/uniquehot.com\/news\/ripple\/heres-why-the-xrp-securities-suit-is-worse-than-past-sec-charges\/\",\"name\":\"Here\u2019s Why The XRP Securities Suit Is Worse Than Past SEC Charges\",\"isPartOf\":{\"@id\":\"https:\/\/uniquehot.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/uniquehot.com\/news\/ripple\/heres-why-the-xrp-securities-suit-is-worse-than-past-sec-charges\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/uniquehot.com\/news\/ripple\/heres-why-the-xrp-securities-suit-is-worse-than-past-sec-charges\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/12\/xrp-crypto-ripple-sec-lawsuit-Depositphotos_235809788_xl-2015-scaled.jpg?fit=2560%2C1707\",\"datePublished\":\"2020-12-24T23:00:59+00:00\",\"dateModified\":\"2024-06-11T07:56:18+00:00\",\"description\":\"In what has had an enormous ripple effect across the crypto industry, the SEC has filed a lawsuit that deems the XRP cryptocurrency token to be an\",\"breadcrumb\":{\"@id\":\"https:\/\/uniquehot.com\/news\/ripple\/heres-why-the-xrp-securities-suit-is-worse-than-past-sec-charges\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/uniquehot.com\/news\/ripple\/heres-why-the-xrp-securities-suit-is-worse-than-past-sec-charges\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/uniquehot.com\/news\/ripple\/heres-why-the-xrp-securities-suit-is-worse-than-past-sec-charges\/#primaryimage\",\"url\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/12\/xrp-crypto-ripple-sec-lawsuit-Depositphotos_235809788_xl-2015-scaled.jpg?fit=2560%2C1707\",\"contentUrl\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/12\/xrp-crypto-ripple-sec-lawsuit-Depositphotos_235809788_xl-2015-scaled.jpg?fit=2560%2C1707\",\"width\":2560,\"height\":1707,\"caption\":\"xrp crypto ripple sec lawsuit\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/uniquehot.com\/news\/ripple\/heres-why-the-xrp-securities-suit-is-worse-than-past-sec-charges\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/uniquehot.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Here\u2019s Why The XRP Securities Suit Is Worse Than Past SEC Charges\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/uniquehot.com\/#website\",\"url\":\"https:\/\/uniquehot.com\/\",\"name\":\"NewsBTC\",\"description\":\"Bitcoin & Cryptocurrency News Today\",\"publisher\":{\"@id\":\"https:\/\/uniquehot.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/uniquehot.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/uniquehot.com\/#organization\",\"name\":\"NewsBTC\",\"url\":\"https:\/\/uniquehot.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"contentUrl\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"width\":157,\"height\":46,\"caption\":\"NewsBTC\"},\"image\":{\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/newsbtc\",\"https:\/\/x.com\/newsbtc\",\"https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/person\/5322c9a09a6f19804bb578de17556a1d\",\"name\":\"Tony \\\"The Bull\\\" Severino\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/129b75c18bdea8b048f1d7d526df61d7?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/129b75c18bdea8b048f1d7d526df61d7?s=96&d=mm&r=g\",\"caption\":\"Tony \\\"The Bull\\\" Severino\"},\"description\":\"Tony \\\"The Bull\\\" Severino, CMT, is a distinguished figure in the cryptocurrency analysis sector, renowned for his in-depth technical expertise and innovative approach to market trends. As the Head of Research at NewsBTC, Tony leads a team dedicated to providing cutting-edge insights and forecasts, helping both novice and experienced traders navigate the complexities of the crypto market. A seasoned Chartered Market Technician, Tony's prowess in identifying and capitalizing on market patterns is unmatched. His academic and professional journey in market analysis has firmly established him as a leading authority in technical trading strategies. Tony\u2019s approach is heavily influenced by the principles of Elliott Wave Theory, a method known for its rigorous assessment of investor psychology and price movements. Beyond his role at NewsBTC, Tony is the visionary founder of CoinChartist.io, an educational platform aimed at demystifying the nuances of cryptocurrency trading. CoinChartist.io serves as a valuable resource for traders seeking to enhance their technical analysis skills. The platform offers a range of learning tools and resources designed to empower traders with the knowledge to make informed trading decisions. In addition to his educational initiatives, Tony is a prolific author and a dominant voice in the crypto community. He writes the CoinChartist VIP newsletter, a weekly dispatch that has become a staple among crypto enthusiasts, revered for its insightful analysis and actionable trading advice. This newsletter has consistently ranked as a best-seller on SubStack, boasting thousands of subscribers who rely on Tony\u2019s expertise to guide their trading strategies. Tony is also celebrated for his literary contributions to the field. He is the author of the highest-rated Crypto Trading Journal on Amazon.com, a testament to his ability to communicate complex trading concepts in an accessible manner. This journal is widely regarded as an essential tool for traders aiming to track their progress and refine their strategies. Before his ascent in the financial analysis world, Tony honed his skills in journalism. His background in this field has endowed him with a unique ability to present intricate market dynamics in a clear and compelling manner, making his insights highly sought after by a broad audience that ranges from casual readers to professional traders. His professional affiliations underscore his commitment to excellence and continuous learning. As a partner of Elliott Wave International and TradingView, Tony collaborates with other leading experts to enhance his knowledge and skills. His active membership in the CMT Association further aligns him with the highest standards of industry practices and ethics. Tony\u2019s nickname, \\\"The Bull,\\\" aptly reflects his aggressive and optimistic outlook on the cryptocurrency markets. His forecasts often anticipate significant upturns, earning him a reputation for bullish predictions that have frequently led to lucrative outcomes for those who follow his advice. In summary, Tony \\\"The Bull\\\" Severino, CMT, is more than just a technical analyst; he is a mentor, educator, and innovator whose influence in the cryptocurrency space continues to grow. His dedication to advancing the understanding of market forces and his commitment to providing high-quality, reliable analysis make him a pivotal figure in the world of cryptocurrency trading.\",\"sameAs\":[\"https:\/\/coinchartist.io\/\",\"https:\/\/www.instagram.com\/coinchartist_io\/\",\"https:\/\/x.com\/https:\/\/twitter.com\/tonythebullBTC\",\"https:\/\/www.youtube.com\/@coinchartist_io\"],\"url\":\"https:\/\/uniquehot.com\/author\/tonymspilotro\/\"}]}<\/script>\n","yoast_head_json":{"title":"Here\u2019s Why The XRP Securities Suit Is Worse Than Past SEC Charges","description":"In what has had an enormous ripple effect across the crypto industry, the SEC has filed a lawsuit that deems the XRP cryptocurrency token to be an","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/uniquehot.com\/news\/ripple\/heres-why-the-xrp-securities-suit-is-worse-than-past-sec-charges\/","og_locale":"en_US","og_type":"article","og_title":"Here\u2019s Why The XRP Securities Suit Is Worse Than Past SEC Charges","og_description":"In what has had an enormous ripple effect across the crypto industry, the SEC has filed a lawsuit that deems the XRP cryptocurrency token to be an","og_url":"https:\/\/uniquehot.com\/news\/ripple\/heres-why-the-xrp-securities-suit-is-worse-than-past-sec-charges\/","og_site_name":"NewsBTC","article_publisher":"https:\/\/www.facebook.com\/newsbtc","article_published_time":"2020-12-24T23:00:59+00:00","article_modified_time":"2024-06-11T07:56:18+00:00","og_image":[{"width":2560,"height":1707,"url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/12\/xrp-crypto-ripple-sec-lawsuit-Depositphotos_235809788_xl-2015-scaled.jpg?fit=2560%2C1707","type":"image\/jpeg"}],"author":"Tony \"The Bull\" Severino","twitter_card":"summary_large_image","twitter_creator":"@https:\/\/twitter.com\/tonythebullBTC","twitter_site":"@newsbtc","twitter_misc":{"Written by":"Tony \"The Bull\" Severino","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/uniquehot.com\/news\/ripple\/heres-why-the-xrp-securities-suit-is-worse-than-past-sec-charges\/#article","isPartOf":{"@id":"https:\/\/uniquehot.com\/news\/ripple\/heres-why-the-xrp-securities-suit-is-worse-than-past-sec-charges\/"},"author":{"name":"Tony \"The Bull\" Severino","@id":"https:\/\/uniquehot.com\/#\/schema\/person\/5322c9a09a6f19804bb578de17556a1d"},"headline":"Here\u2019s Why The XRP Securities Suit Is Worse Than Past SEC Charges","datePublished":"2020-12-24T23:00:59+00:00","dateModified":"2024-06-11T07:56:18+00:00","mainEntityOfPage":{"@id":"https:\/\/uniquehot.com\/news\/ripple\/heres-why-the-xrp-securities-suit-is-worse-than-past-sec-charges\/"},"wordCount":495,"publisher":{"@id":"https:\/\/uniquehot.com\/#organization"},"image":{"@id":"https:\/\/uniquehot.com\/news\/ripple\/heres-why-the-xrp-securities-suit-is-worse-than-past-sec-charges\/#primaryimage"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/12\/xrp-crypto-ripple-sec-lawsuit-Depositphotos_235809788_xl-2015-scaled.jpg?fit=2560%2C1707","keywords":["crypto","Ripple","sec","xrp","XRPBTC","XRPUSD","xrpusdt"],"articleSection":["Ripple"],"inLanguage":"en-US","copyrightYear":"2020","copyrightHolder":{"@id":"https:\/\/uniquehot.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/uniquehot.com\/news\/ripple\/heres-why-the-xrp-securities-suit-is-worse-than-past-sec-charges\/","url":"https:\/\/uniquehot.com\/news\/ripple\/heres-why-the-xrp-securities-suit-is-worse-than-past-sec-charges\/","name":"Here\u2019s Why The XRP Securities Suit Is Worse Than Past SEC Charges","isPartOf":{"@id":"https:\/\/uniquehot.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/uniquehot.com\/news\/ripple\/heres-why-the-xrp-securities-suit-is-worse-than-past-sec-charges\/#primaryimage"},"image":{"@id":"https:\/\/uniquehot.com\/news\/ripple\/heres-why-the-xrp-securities-suit-is-worse-than-past-sec-charges\/#primaryimage"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/12\/xrp-crypto-ripple-sec-lawsuit-Depositphotos_235809788_xl-2015-scaled.jpg?fit=2560%2C1707","datePublished":"2020-12-24T23:00:59+00:00","dateModified":"2024-06-11T07:56:18+00:00","description":"In what has had an enormous ripple effect across the crypto industry, the SEC has filed a lawsuit that deems the XRP cryptocurrency token to be an","breadcrumb":{"@id":"https:\/\/uniquehot.com\/news\/ripple\/heres-why-the-xrp-securities-suit-is-worse-than-past-sec-charges\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/uniquehot.com\/news\/ripple\/heres-why-the-xrp-securities-suit-is-worse-than-past-sec-charges\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/uniquehot.com\/news\/ripple\/heres-why-the-xrp-securities-suit-is-worse-than-past-sec-charges\/#primaryimage","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/12\/xrp-crypto-ripple-sec-lawsuit-Depositphotos_235809788_xl-2015-scaled.jpg?fit=2560%2C1707","contentUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/12\/xrp-crypto-ripple-sec-lawsuit-Depositphotos_235809788_xl-2015-scaled.jpg?fit=2560%2C1707","width":2560,"height":1707,"caption":"xrp crypto ripple sec lawsuit"},{"@type":"BreadcrumbList","@id":"https:\/\/uniquehot.com\/news\/ripple\/heres-why-the-xrp-securities-suit-is-worse-than-past-sec-charges\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/uniquehot.com\/"},{"@type":"ListItem","position":2,"name":"Here\u2019s Why The XRP Securities Suit Is Worse Than Past SEC Charges"}]},{"@type":"WebSite","@id":"https:\/\/uniquehot.com\/#website","url":"https:\/\/uniquehot.com\/","name":"NewsBTC","description":"Bitcoin & Cryptocurrency News Today","publisher":{"@id":"https:\/\/uniquehot.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/uniquehot.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/uniquehot.com\/#organization","name":"NewsBTC","url":"https:\/\/uniquehot.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/uniquehot.com\/#\/schema\/logo\/image\/","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","contentUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","width":157,"height":46,"caption":"NewsBTC"},"image":{"@id":"https:\/\/uniquehot.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/newsbtc","https:\/\/x.com\/newsbtc","https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw"]},{"@type":"Person","@id":"https:\/\/uniquehot.com\/#\/schema\/person\/5322c9a09a6f19804bb578de17556a1d","name":"Tony \"The Bull\" Severino","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/uniquehot.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/129b75c18bdea8b048f1d7d526df61d7?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/129b75c18bdea8b048f1d7d526df61d7?s=96&d=mm&r=g","caption":"Tony \"The Bull\" Severino"},"description":"Tony \"The Bull\" Severino, CMT, is a distinguished figure in the cryptocurrency analysis sector, renowned for his in-depth technical expertise and innovative approach to market trends. As the Head of Research at NewsBTC, Tony leads a team dedicated to providing cutting-edge insights and forecasts, helping both novice and experienced traders navigate the complexities of the crypto market. A seasoned Chartered Market Technician, Tony's prowess in identifying and capitalizing on market patterns is unmatched. His academic and professional journey in market analysis has firmly established him as a leading authority in technical trading strategies. Tony\u2019s approach is heavily influenced by the principles of Elliott Wave Theory, a method known for its rigorous assessment of investor psychology and price movements. Beyond his role at NewsBTC, Tony is the visionary founder of CoinChartist.io, an educational platform aimed at demystifying the nuances of cryptocurrency trading. CoinChartist.io serves as a valuable resource for traders seeking to enhance their technical analysis skills. The platform offers a range of learning tools and resources designed to empower traders with the knowledge to make informed trading decisions. In addition to his educational initiatives, Tony is a prolific author and a dominant voice in the crypto community. He writes the CoinChartist VIP newsletter, a weekly dispatch that has become a staple among crypto enthusiasts, revered for its insightful analysis and actionable trading advice. This newsletter has consistently ranked as a best-seller on SubStack, boasting thousands of subscribers who rely on Tony\u2019s expertise to guide their trading strategies. Tony is also celebrated for his literary contributions to the field. He is the author of the highest-rated Crypto Trading Journal on Amazon.com, a testament to his ability to communicate complex trading concepts in an accessible manner. This journal is widely regarded as an essential tool for traders aiming to track their progress and refine their strategies. Before his ascent in the financial analysis world, Tony honed his skills in journalism. His background in this field has endowed him with a unique ability to present intricate market dynamics in a clear and compelling manner, making his insights highly sought after by a broad audience that ranges from casual readers to professional traders. His professional affiliations underscore his commitment to excellence and continuous learning. As a partner of Elliott Wave International and TradingView, Tony collaborates with other leading experts to enhance his knowledge and skills. His active membership in the CMT Association further aligns him with the highest standards of industry practices and ethics. Tony\u2019s nickname, \"The Bull,\" aptly reflects his aggressive and optimistic outlook on the cryptocurrency markets. His forecasts often anticipate significant upturns, earning him a reputation for bullish predictions that have frequently led to lucrative outcomes for those who follow his advice. In summary, Tony \"The Bull\" Severino, CMT, is more than just a technical analyst; he is a mentor, educator, and innovator whose influence in the cryptocurrency space continues to grow. His dedication to advancing the understanding of market forces and his commitment to providing high-quality, reliable analysis make him a pivotal figure in the world of cryptocurrency trading.","sameAs":["https:\/\/coinchartist.io\/","https:\/\/www.instagram.com\/coinchartist_io\/","https:\/\/x.com\/https:\/\/twitter.com\/tonythebullBTC","https:\/\/www.youtube.com\/@coinchartist_io"],"url":"https:\/\/uniquehot.com\/author\/tonymspilotro\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Here\u2019s Why The XRP Securities Suit Is Worse Than Past SEC Charges","url":"http:\/\/uniquehot.com\/news\/ripple\/heres-why-the-xrp-securities-suit-is-worse-than-past-sec-charges\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/news\/ripple\/heres-why-the-xrp-securities-suit-is-worse-than-past-sec-charges\/"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/12\/xrp-crypto-ripple-sec-lawsuit-Depositphotos_235809788_xl-2015-scaled.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/12\/xrp-crypto-ripple-sec-lawsuit-Depositphotos_235809788_xl-2015-scaled.jpg?fit=2560%2C1707"},"articleSection":"Ripple","author":[{"@type":"Person","name":"Tony \"The Bull\" Severino"}],"creator":["Tony \"The Bull\" Severino"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["crypto","ripple","sec","xrp","xrpbtc","xrpusd","xrpusdt"],"dateCreated":"2020-12-24T23:00:59Z","datePublished":"2020-12-24T23:00:59Z","dateModified":"2024-06-11T07:56:18Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Here\\u2019s Why The XRP Securities Suit Is Worse Than Past SEC Charges\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/ripple\\\/heres-why-the-xrp-securities-suit-is-worse-than-past-sec-charges\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/ripple\\\/heres-why-the-xrp-securities-suit-is-worse-than-past-sec-charges\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/12\\\/xrp-crypto-ripple-sec-lawsuit-Depositphotos_235809788_xl-2015-scaled.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/12\\\/xrp-crypto-ripple-sec-lawsuit-Depositphotos_235809788_xl-2015-scaled.jpg?fit=2560%2C1707\"},\"articleSection\":\"Ripple\",\"author\":[{\"@type\":\"Person\",\"name\":\"Tony \\\"The Bull\\\" Severino\"}],\"creator\":[\"Tony \\\"The Bull\\\" Severino\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"crypto\",\"ripple\",\"sec\",\"xrp\",\"xrpbtc\",\"xrpusd\",\"xrpusdt\"],\"dateCreated\":\"2020-12-24T23:00:59Z\",\"datePublished\":\"2020-12-24T23:00:59Z\",\"dateModified\":\"2024-06-11T07:56:18Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/uniquehot.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/12\/xrp-crypto-ripple-sec-lawsuit-Depositphotos_235809788_xl-2015-scaled.jpg?fit=2560%2C1707","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/453064","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/users\/517"}],"replies":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/comments?post=453064"}],"version-history":[{"count":0,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/453064\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media\/453075"}],"wp:attachment":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media?parent=453064"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=453064"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=453064"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}