Ripple/XRP-Coinbase Suspends Trading?,Robinhood Subpoenaed,Ripple Lawyer-Gensler Must RECUSE Himself

by | Mar 4, 2023 | Simple IRA | 36 comments




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Recently, the cryptocurrency market has been hit with a series of developments that have had a significant impact on Ripple (XRP) and its investors. First, Coinbase, one of the largest cryptocurrency exchanges in the world, announced that it was suspending trading of XRP due to an ongoing legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC). This move has resulted in a sharp drop in XRP’s value, leaving many investors in a state of uncertainty.

Robinhood, another popular trading platform, has also been subpoenaed by the SEC for its role in the trading of XRP. The platform has been asked to produce documents and information related to its decision to allow trading of XRP on its platform. This has led to speculation about the platform’s involvement in the ongoing legal battle and its potential impact on the market.

Adding fuel to the fire, Ripple’s lawyer has called for Gary Gensler, the incoming chair of the SEC, to recuse himself from the case. Gensler’s previous comments about XRP have raised concerns about his impartiality in the matter. In a letter addressed to the SEC, Ripple’s lawyer argued that Gensler’s statements about XRP being a security have already biased public opinion against XRP, making it impossible for the cryptocurrency to receive a fair hearing.

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All of these developments have put Ripple and its investors in a tough spot. The suspension of trading on Coinbase has resulted in a significant drop in XRP’s value, and the subpoena of Robinhood has led to concerns about the platform’s involvement in the legal battle. The call for Gensler to recuse himself has also raised concerns about the impartiality of the case.

However, it is important to note that these are all part of the legal process. Ripple is fighting to prove that XRP is not a security and should not be subject to SEC regulations. The legal battle may be long and arduous, but it is necessary to ensure that investors are protected and that the cryptocurrency market continues to grow in a stable and regulated manner.

In the meantime, Ripple and its investors must exercise patience and caution. The cryptocurrency market is known for its volatility, and events like this can have a significant impact on the value of cryptocurrencies. It is important to stay informed and make informed decisions based on the latest developments in the case.

In conclusion, the suspension of trading on Coinbase, the subpoena of Robinhood, and the call for Gensler to recuse himself are all part of the ongoing legal battle between Ripple and the SEC. While these events may have a significant impact on the value of XRP, they are necessary to ensure that the cryptocurrency market remains stable and regulated. That said, investors must exercise caution and stay informed to make the best decisions in this volatile market.

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36 Comments

  1. Jay Mays

    Let's get some adults in the room lol love it. Fk it Let's go to Las Vegas and enjoy a couple days invested in something we enjoy.

  2. Mark Kelaman

    The crypto market has been unfavorable for months and i keep losing my money selling off during dips, i'm very scared of holding right now. how do you guys still make so much?

  3. Jayce

    It's not a takedown of bnb by Coinbase . The takedown you will see is all CZ screenshot this

  4. cRONic crypto

    2 very overlooked coins are kromatika which is a decentralized exchange powered by chainlink and uni swap second one is xrpaynet great payment system allows you to spend crypto and the person your buying from gets paid in fiat. If it takes off it will be huuuuge. Its contract is on xrpl. Both coins available on mexc exchange

  5. Maria Eliza

    Mrs Moraine the bitcoin trader is legit and her method works like magic I keep on earning every single week with her new strategy

  6. clashers_tv

    You please stop xrp news.nobody is interested on xrp now you know.cardano,bch and shiba inu is the hottest crypto now.we dont care on xrp what happen.we dont care.

  7. Ted's Life

    You know Brad I talking to a lawyer today about how this Gary Gensler wont respond to like 75,000 XRP holders he said ok then call him call the SEC I'm sure they have a contact phone number .I'm sure he would love to get a call from us

  8. Elder

    Gensler … Or Gissler as I refer to him… recuses himself every night. Twice if he has the energy.

  9. Nancy Margaret

    <<<I am so fortunate that I made productive decisions about my finances that changed my life forever. I am a single mum living in Toronto Canada who bought my second home in September and is hoping to retire next year at 50 if things continue to go smoothly for me>>>

  10. Jes Turn

    That sounds like an old bix weir litecoin event they held in las Vegas! Now I'm really scared of the direction of xrp/ripple. Similarities? I don't like it. First its Gary at the cftc taking down silver, now its Gary at the sec taking down xrp, and now las Vegas show proving its dead it the water. For God's sake I didn't need to hear this kind of news. I new Gary would kill our profits, and gov./ banks was backing him but I still had hope of decades later for leaving my grandkids a future.But now a las Vegas event, its the handwriting on the wall. I own silver and xrp but I now know neither will get my grandkids out of the lower caste.

  11. Jes Turn

    Recuse himself? He needs to lock himself up! At least thats what poor criminals have to do.
    Only in america!!!!

  12. Mark Rutherford

    Thanks for continues updates! I am super excited about how my investments is going so far, making over $13k every week is an amazing gain

  13. Miguel Castillo

    In my opinion, Mr. Garlinghouse is not going to show up or anyone representing Ripple to the XRP Las Vegas because I have a strong feeling that they plan to “close the door”, to retail investors, maybe part of a settlement with the SEC. Just speculation.

  14. Chris Vernon

    Gary is probably one of the Shitoshi’s

  15. Rob Renton

    How much are the tickets?

  16. JyPrada

    When they say "disciplined-markets" it's really another word for raiding/extorting vendors & pilfering/rugging retail

  17. Robo Earthling

    All this fuss over shared wealth just shows how pathetic some governments are or have become.

  18. Chris

    Because the 4 satoshis are probably NSA

  19. Josh

    That’s why they will never be able to agree on bitcoin global regulation. Secondly why not show the videos of Gary saw XRP is a currency haha.

  20. malink9009

    Why not chat.GPT open Ai who the 4 Satoshi are

  21. WalneyIslandCrypto

    A bigger question is why a FOIA request hasn't been put forward to the DOJ is not investigating the four satoshi claims to the homeland security dept , it just needs one American to submit a FOIA request doesn't it?

  22. JPL2thousand9

    Came here for the short segment on PCC. Thanks for bringing attention to this. 4:08

  23. Crypto PECKER

    You mentioned "BAD ACTORS" like Vitaliks Ethereum or should we say UKRAINEUM!

  24. Jon May

    All of the questions you pose about Bitcoin should be investigated by Congressional bodies, and the DoJ. Why is it not happening? Because they have been told hands-off! Corruption prevails!

  25. Dwayne Jones

    SEC: We don't know who Satoshi is, but don't worry about it, you lambs.

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