XRP, cryptocurrency that is considered unregistered in SEC. Movement "Rejoice, Maria", the XRP community, refers to the White House with a request to intervene. The community has recently filed a petition with the requirement that the White House declares XRP currency.
"Frival lawsuit" sec
The petition was filed on December 29 an unknown person who goes on JW. "We, the people, we ask the federal government to recognize the XRP, virtual currency, currency," the petition begins.Further in the petition it is argued that the claim of SEC is unreasonable and contradicts its authority to protect investors in US Securities. Moreover, a network to combat financial crimes (FINCEN) has already recognized the XRP currency.
In the petition also indicated huge losses that investors suffered as a result of the trial.
Indeed, the XRP collapsed after the SEC announced an illegal claim for securities against the company. The market capitalization of cryptocurrency decreased to 10 billion dollars, which is significantly lower than its record high market capitalization of $ 140 billion. Only in December he lost 66% of its cost, as some leading stocks began to exclude it from listing to meet the requirements. Among them are Coinbase, the largest stock exchange in the homeland of XRP, in the USA.
As one analyst noted, now XRP is more serious collapse than ENRON and WORLDCOM.
FINCEN and SEC differ in views on XRP
In Petition J.W further says:
This is a reference to the compulsory action of Fincent 2015. The control service accused Ripple in the amount of $ 700,000 for violation of the bank secrecy law by selling its virtual currency XRP without registration in FinCen. At the same time, FINCEN classified XRP as a currency, not as a valuable paper.
As Richard Holland noted at that time, the creator is now a non-existent Wallet toast XRP:
Petition XRP requires 100,000 signatures by January 28 to get an answer from the White House. At the time of publication, it was signed by 18,059 people, and 81,941 more people were left.
On the same day, when the petition was filed, Ripple published a statement on the SEC suit, which was called "attack on the entire crypto industry." The company from San Francisco believes that the lack of clarity of regulation in SEC will only lead to even greater confusion and, as a result, to huge losses for investors.
Ripple also indicated that most of its users are outside the United States. In countries where they are most active, such as Japan and Singapore, "there are clear rules of the road."