Altcoins
XRP Lawyer Warns of Key Issue If Ripple Accepts SEC Settlement, Altcoin Traders Find Alternatives
The SEC lawsuit against Ripple has been going on for nearly four years. The SEC accuses Ripple of raising over $1.3 billion through unregistered sales of XRP tokens.
A preliminary ruling by Judge Analisa Torres held that some XRP sales did not constitute securities transactions, giving Ripple some breathing room.
Recently, rumors have been circulating in the cryptosphere about a deal. However, one lawyer said that a deal would not bode well for the future of XRP, leading altcoin traders to look for alternatives.
How could a deal create problems for Ripple in the future? And what alternative interests altcoin traders? Let’s find out.
What an SEC Settlement Means for XRP
Talks of a possible settlement between the U.S. Securities and Exchange Commission and Ripple have been making headlines on social media recently. XRP supporters claim that any deal will be a showdown and a decisive victory for Ripple.
However, Bill Morgan, a lawyer on Ripple’s side, has warned He added that a deal would not be a confrontation. He added that it would also not be a clear victory for Ripple, as both sides had to make concessions. This makes a deal unlikely, especially when Ripple seems to have the upper hand in the conflict.
Morgan added that a regulation could also create issues with XRP sales after December 2020 and in the future.
However, the recent decision on the Aron Govil case The decision by the U.S. Court of Appeals for the Second Circuit sets a precedent that could favor Ripple in its lawsuit against the SEC. The ruling states that the SEC cannot levy large fines on companies unless there has been demonstrable harm to investors.
With uncertainty over the status of XRP tokens, if Ripple agrees to a settlement, altcoin traders are considering an alternative.
RCO Finance: The Best Altcoin Alternative for XRP Holders
RCO Finance (RCOF) is a AI-powered decentralized trading platform which gives crypto natives access to real-world assets like stocks, commodities, bonds, ETFs, and more. Users can trade these RWAs with their crypto and without going through brokers. They will also benefit from up to 50x leverage, low fees, and full control over transactions.
The protocol enhances the trading experience with its AI robo-advisor. This advisor uses precise mathematical models to provide data-driven trading insights, which helps minimize the influence of human error and bias on trading and reduces the time spent observing the market. The robo-advisor can also execute trades on behalf of the trader.
RCO Finance’s no-KYC policy protects traders’ privacy and anonymity. At the same time, SolidProof also has checked the smart contracts that power this decentralized platform.
However, RCO Finance’s offering is not limited to the trading platform and robo-advisor. Another interesting feature is the debit card. This card can make transactions within and outside of DeFi and convert cryptocurrencies into fiat currency.
The protocol also allows traders to lend their digital assets to earn interest. They can also provide liquidity to trading pairs or facilitate the platform’s automated market-making efforts and earn rewards.
Therefore, RCO Finance’s exceptional offers show why investors are interested in it.
Buy RCOF and enjoy additional benefits
Another amazing element of RCO Finance is its native token, RCOF. This token enhances the investor experience within the RCO Finance ecosystem. Its supply is 800 million, with 50% allocated to public sale.
The remaining half is dedicated to ecosystem development, liquidity/market making, team, advisors, marketing, private sales, and ecosystem rewards.
Interested investors can purchase RCOF on the website for $0.0127 at step 1 from the ongoing presale. Early investors will earn a 3,000% profit when the token hits $0.40 at launch.
There are other benefits to purchasing RCOF, including significant discounts on transaction fees and voting rights on governance proposals. RCOF holders can also stake their tokens to earn attractive rewards. Finally, they get a share of the platform’s revenue through regular dividends.
Therefore, smart investors choose RCO Finance for its innovative features, massive pre-sale pump and other attractive benefits.
For more information on the RCO Finance pre-sale:
Visit the RCO Finance pre-sale
Join the RCO Financial Community
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