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Two years ago, the Securities and Exchange Commission (SEC) accused Ripple of being unregistered security<\/a>, which resulted in the suppression of XRP<\/a>\u2019s accurate price. <\/strong><\/p>\n The case seems to be near its end and we have analyzed what this means for Ripple, Uniglo.io, and Solana<\/a>.<\/p>\n The SEC claims Ripple passed the Howey Test, which determines if an asset can be classified as a security, and therefore broke the law.<\/p>\n To pass the Howey Test, an asset must meet these specific conditions in the investment contract:<\/p>\n From the beginning, Ripple has denied meeting these conditions and ultimately being a security, as its ICO<\/a> never included an investment contract.<\/p>\n In the defendant\u2019s filings, Ripple argues that the SEC\u2019s position to classify Ripple as a security would also convert sales of gold, silver, art, or digital art into securities. Which usually count as commodities and therefore do not fall under the jurisdiction of the SEC.<\/p>\n During a speech, the former SEC director Hinmann officially determined that the cryptocurrency Ethereum<\/a> (ETH) is not a security. He made that speech while being invested in a law firm with Ethereum\u2019s development team on its client list.<\/p>\n The latest developments in the case crystalize a potential win for Ripple, moving to dismiss the case. While the SEC tries to get a grip on the whole industry with a favorable ruling, Judge Torres\u2019 latest rulings on motions indicate a vital victory for XRP is within reach, according to law experts.\u00a0<\/p>\n With all odds in favor of XRP, altcoins like Uniglo.io<\/strong> and Solana<\/strong> would be released from the forces that suppress their true valuations. GLO is a token that reminds crypto experts of Solana in the early days, providing unique utilities that will change the face of decentralized finance.<\/p>\n Similarly, as SOL\u2019s breakthrough came with the NFTs created within its ecosystem, the Ultra Burn feature of Uniglo is likely to drive the expansion of the protocol. It utilizes trading profits to buy back and burn GLO tokens, resulting in a rising and stable market capitalization and non-stop decreasing supply.<\/p>\n It is likely to see XRP beating the SEC. Hence, all eyes are on altcoins such as Solana and Uniglo.io \u2013 which is currently holding its presale and plans to launch on the 19th of November.\u00a0<\/p>\n Learn More Here:<\/p>\n Join Presale<\/a> | Website<\/a> | Telegram<\/a> | Discord<\/a> | Twitter<\/a><\/p>\n All the information contained on our website is published in good faith and for general information purposes only. Any action the reader takes upon the information found on our website is strictly at their own risk.<\/p>\n<\/p><\/div>\nThe case against XRP<\/h3>\n
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SEC conflict of interest?<\/h3>\n
If XRP wins, everyone wins<\/h3>\n
Final thoughts<\/h3>\n
Disclaimer<\/h3>\n