Crypto Lawyer Explains Why Ripple ‘Is Not Going to Abandon XRP’

2023-11-3 16:34

Crypto lawyer John E. Deaton recently explained why he believes Ripple will not abandon XRP, its native cryptocurrency. His comments come after Ripple announced that the Dubai Financial Services Authority (DFSA) has approved XRP under its virtual assets framework.

Ripple’s Investments Show Confidence in XRP

According to Deaton, who has represented XRP holders in lawsuits, Ripple has a “fiduciary duty not to abandon XRP.” He points to Ripple’s continued investments in itself as evidence of its long-term commitment to the cryptocurrency.

In 2015, 2016, and 2020, Ripple raised $128 million, $410 million, and $10 billion respectively in funding rounds that valued the company higher each time. Last year, Ripple even bought back its Series C shares at a 50% premium, valuing itself at $15 billion.

Massive XRP Holdings Incentivize Ripple

Deaton argues that with Ripple holding 48-50 billion XRP, worth billions at XRP’s current price, it makes little sense for the company to walk away. If XRP reached $2, Ripple’s holdings alone would be valued at $100 billion.

Essentially, Ripple owning such a large share of the fixed XRP supply gives it a huge financial incentive to continue developing use cases and advancing adoption of the cryptocurrency.

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Ripple’s continued support for XRP integration, even achieving regulatory approval in Dubai amid its legal battles, shows its long-term commitment to the asset. As Deaton states, Ripple investing in itself during the bear market and before its major court victory supports that it is “not going to abandon” XRP anytime soon.

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The post Crypto Lawyer Explains Why Ripple ‘Is Not Going to Abandon XRP’ appeared first on CaptainAltcoin.

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Ripple (XRP) на Currencies.ru

$ 3.0332 (-0.27%)
Объем 24H $3.992b
Изменеия 24h: -1.42 %, 7d: -2.31 %
Cегодня L: $3.0161 - H: $3.0682
Капитализация $175.025b Rank 3
Цена в час новости $ 0.6108 (396.59%)

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Источник: captainaltcoin.com

ripple xrp → Результатов: 126


Киты выкупили 970 млн токенов Ripple

За последние три дня киты значительно пополнили свои запасы токенов Ripple (XRP). Такое сильное давление покупателей способно поддержать рост альткоина в ближайшие дни. Разбираемся, что происходит на рынке Ripple (XRP) и до каких уровней может взлететь альткоин.

2024-12-18 19:54


Победа Ripple в суде может обеспечить XRP взрывной рост

После решения суда в пользу XRP Ripple в деле против Комиссии по ценным бумагам и биржам (SEC) ожидается, что стоимость токена заметно повысится. По итогам давней судебной тяжбы суд обязал Ripple выплатить штраф в размере $125 млн, при этом XRP не будет классифицирован как ценная бумага.

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