Altcoin
XRP Advocate Points Out Key Issue If Ripple Accepts SEC Deal, Altcoin Traders Find Alternatives
The SEC case against Ripple has been dragging on for nearly four years now. The SEC has accused Ripple of raising over $1.3 billion through unregistered sales of XRP tokens.
A preliminary ruling by Judge Analisa Torres has found that some sales of XRP do not constitute securities transactions, leaving Ripple some leeway.
Recently, rumors of a deal have been circulating in the cryptosphere. However, a lawyer has stated that a deal does not bode well for the future of XRP, leading altcoin traders to look for alternatives.
How will a deal cause problems for Ripple in the future? And what alternative are altcoin traders interested in? Let’s find out.
What an SEC settlement means for XRP
Discussions about a rumored settlement between the U.S. Securities and Exchange Commission and Ripple have dominated social media lately. XRP enthusiasts say any settlement will be a showdown and a decisive victory for Ripple.
However, Bill Morgan, a lawyer on Ripple’s side, has warned that a deal would not be a showdown. He added that it would not be a clear victory for Ripple either, as both sides had to make concessions. This makes a deal unlikely, especially when Ripple appears to be gaining the upper hand in the dispute.
Morgan added that a deal could also create problems with XRP sales after December 2020 and in the future.
However, the recent decision on the Aron Govil Case by the U.S. Court of Appeals for the Second Circuit sets a precedent that could favor Ripple in its case with the SEC. The ruling said the SEC cannot levy large fines on companies unless demonstrable harm has been inflicted on investors.
Given the uncertainty over the status of XRP tokens, should Ripple agree to a deal, altcoin traders are considering an alternative.
RCO Finance: The Best Altcoin Alternative for XRP Holders
RCO Finance (RCOF) it’s a AI-powered decentralized trading platform which offers crypto natives access to real world assets such as stocks, commodities, bonds, ETFs, etc. Users can trade these RWAs with their cryptocurrencies and without going through a broker. They will also enjoy up to 50x leverage, low commissions and full control over their trades.
The protocol enhances the trading experience through its AI robo advisor. This advisor uses precise mathematical models to provide data-driven trading insights, which helps minimize the influence of human error and bias on trading and reduce the time spent observing the market. The robo advisor can also execute trades on behalf of the trader.
RCO Finance’s no-KYC policy protects traders’ privacy and anonymity. Meanwhile, SolidProof has also verified the smart contracts that power this decentralized platform.
However, RCO Finance’s offerings do not end with the trading platform and robo-advisor. Another interesting feature is the debit card. This card can complete transactions within and outside of DeFi and convert cryptocurrencies into fiat.
The protocol also allows traders to lend their digital assets to earn interest. They can also provide liquidity for trading pairs or facilitate the platform’s automated market making efforts and earn rewards.
Therefore, the extraordinary offerings of RCO Finance prove why investors are shifting their attention towards it.
Buy RCOF and enjoy additional benefits
Another amazing component of RCO Finance is its native token, RCOF. This token elevates the investor experience within the RCO Finance ecosystem. Its supply is 800 million, with 50% for public sale.
The remaining half goes towards ecosystem development, liquidity/market creation, team, advisors, marketing, private sales, and ecosystem rewards.
Interested investors can purchase RCOF on the website for $0.0127 in Phase 1 of the ongoing presale. Early investors will earn a 3000% profit when the token rises to $0.40 at launch.
Other benefits of purchasing RCOF include significant discounts on trading fees and voting rights on governance proposals. RCOF holders can also stake their tokens to earn impressive rewards. Finally, they get a share of the platform’s revenue through regular dividends.
Therefore, experienced investors choose RCO Finance for its innovative features, massive pre-sale pump and other interesting advantages.
For more information on RCO Finance pre-sales:
Join the RCO Financial Community
Disclaimer: The statements, views and opinions expressed in this article are solely those of the content provider and do not necessarily represent those of Crypto Reporter. Crypto Reporter is not responsible for the reliability, quality and accuracy of any material in this article. This article is provided for educational purposes only. Crypto Reporter is not responsible or liable, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Do your own research and invest at your own risk.