The chief technology officer (CTO) of Ripple, David Schwartz, said on CoinDesk TV that “all the evidence” suggests bitcoin and XRP are similar despite allegations XRP is being sold illegally as security.
Amidst the XRP situation still, the Coin thriving and it surged to $1.00 in recent days. Rumors circulated that it can be relisted in Coinbase which fears many of its investors but probably this triggered the market price upwardly instead.
What makes XRP similar to Bitcoin (BTC) is that the market situation that what’s going on, the value on trading how it performs at this time even it is being scrutinized by the SEC, allegedly it’s executives violating the U.S. Security laws.
A new petition asks SEC chair nominee Gary Gensler to drop Ripple Suit. We will be hoping that XRP Coin will not cease because its investors for years are worried now about the value of the coin which they have on their crypto wallet and where may are staking it, if it ends then it will be a big blow not only to Ripple but it might be a bad signal for other Coins which are now circulating the market and situation like this might follow one or another.
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