Home Coins Ripple (XRP) XRP enthusiasts seek to force White House’s hand on SEC suit

XRP enthusiasts seek to force White House’s hand on SEC suit

- Advertisement -



As token prices plunge and Ripple prepares for court, a band of XRP enthusiasts have rallied around a petition that may force a White House statement on the recent SEC lawsuit alleging Ripple conducted an unregistered securities offering. 

A petition filed on the White House-run We the People website titled “We the People ask the federal government to deem XRP, the virtual currency, a currency,” has now crossed 10,000 signatures.

Created by the Obama administration in 2011, We the People allows users to create petitions that, upon reaching 100,000 signatures within 30 days, will prompt an official White House response. While many of the petitions are serious, the platform has been home to more than one lark: one of the most famous petitions called for the construction of a Death Star.

The XRP petition, created by “J.W.”, calls for the SEC to “cease” its “frivolous” lawsuit, referencing a previous FinCEN determination that XRP is a currency. The petition also references XRP’s rapidly-deteriorating marketcap — a drawdown that TheTIE’s Joshua Frank has called the “third largest collapse of all-time” — as well as the “hundreds of thousands of ordinary Americans” who are “suffering irreparable harm and damages.”

The petition effort comes as Ripple prepares for a February pretrial conference, the first of what may prove to be a long and contentious legal process. Following the SEC’s filing a suit on December 22nd, the number of major exchanges who have delisted XRP continues to grow, and Ripple has released a statement encouraging investors and the press to wait to hear the company’s side of the story before coming to any conclusions. 

As the legal process moves forward, petition signers find themselves with few options. Said one redditor:

“I feel like you could get a million signatures and it wouldn’t do a damn thing. That being said, I signed it.”





Source link

- Advertisement -
Mr Bitcointe
Mr Bitcointehttps://www.bitcointe.com/
“Fact You Need To Know About Cryptocurrency - The first Bitcoin purchase was for pizza.” ― Mohsin Jameel
467FansLike
76FollowersFollow
4,567FollowersFollow
5,261FollowersFollow
1,558FollowersFollow
2,230SubscribersSubscribe
USD - United States Dollar
EUR
1.21
GBP
1.36
CHF
1.13
NOK
0.12
JPY
0.01
CAD
0.79
AUD
0.77

Most Popular

bitcoin
Bitcoin (BTC) $ 36,442.00
ethereum
Ethereum (ETH) $ 1,376.81
ripple
XRP (XRP) $ 0.301208
tether
Tether (USDT) $ 1.00
bitcoin-cash
Bitcoin Cash (BCH) $ 521.18
bitcoin-cash-sv
Bitcoin SV (BSV) $ 207.58
litecoin
Litecoin (LTC) $ 157.88
eos
EOS (EOS) $ 2.82
binancecoin
Binance Coin (BNB) $ 42.41
okb
OKB (OKB) $ 6.18
tezos
Tezos (XTZ) $ 2.97
leo-token
LEO Token (LEO) $ 1.40
cardano
Cardano (ADA) $ 0.370556
monero
Monero (XMR) $ 163.95
stellar
Stellar (XLM) $ 0.301398
chainlink
Chainlink (LINK) $ 20.97
huobi-token
Huobi Token (HT) $ 5.82
tron
TRON (TRX) $ 0.030931
usd-coin
USD Coin (USDC) $ 1.00
dash
Dash (DASH) $ 126.07
neo
NEO (NEO) $ 26.85
iota
IOTA (MIOTA) $ 0.476299
nem
NEM (XEM) $ 0.246331
zcash
Zcash (ZEC) $ 106.74
maker
Maker (MKR) $ 1,429.85
paxos-standard
Paxos Standard (PAX) $ 1.00
ethereum-classic
Ethereum Classic (ETC) $ 7.94
vechain
VeChain (VET) $ 0.029098
true-usd
TrueUSD (TUSD) $ 1.00
ftx-token
FTX Token (FTT) $ 10.73
kucoin-shares
KuCoin Token (KCS) $ 1.19
waves
Waves (WAVES) $ 7.32