The SEC v. Ripple lawsuit has dragged on for almost four years now. The SEC accused Ripple of raising over $1.3 billion through unregistered sales of XRP tokens.
A preliminary decision by Judge Analisa Torres ruled that certain XRP sales did not constitute securities transactions, providing some maneuvering room for Ripple.
Recently, talks about a settlement have been floating around the cryptosphere. However, a lawyer has said that a settlement will not bode well for XRP’s future, leading altcoin traders to look for alternatives.
How will a settlement create problems for Ripple in the future? And which alternative are altcoin traders keen on? Let’s find out.
What An SEC Deal Means For XRP
Discussions about a purported settlement between the US Securities and Exchange Commission and Ripple have dominated social media recently. 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 cautioned that a settlement will not be a showdown. He added that it would also not be a clear Ripple victory, as both parties had to make concessions. This makes a settlement unlikely, especially when Ripple seems to have the upper hand in the dispute.
Morgan added that a settlement could also create issues with XRP sales after December 2020 and in the future.
However, the recent decision on the Aron Govil case by the US Second Circuit Court of Appeals sets a precedent that could favor Ripple in its case with the SEC. The ruling stated that the SEC cannot collect heavy fines from firms unless demonstrable harm was inflicted on the investors.
With the uncertainty about the status of XRP tokens, if Ripple accepts a settlement, altcoin traders are considering an alternative.
RCO Finance: The Best Alternative Altcoin For XRP Holders
RCO Finance (RCOF) is an AI-powered decentralized trading platform that gives crypto natives access to real-world assets such as stocks, commodities, bonds, ETFs, etc. Users can trade these RWAs with their crypto and without going through brokers. They will also enjoy up to 50x leverage, low fees, and full trade control.
The protocol improves the trading experience through its AI robo advisor. This advisor uses precise mathematical models to provide data-driven trading insights, which help minimize the influence of human error and bias on trading and reduce the time spent watching 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 audited the smart contracts that power this decentralized platform.
However, RCO Finance’s offerings don’t end with the trading platform and robo-advisor. Another exciting feature is the debit card. This card can complete transactions within and outside DeFi and convert crypto to 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, RCO Finance’s awesome offerings show why investors are shifting their attention to it.
Purchase RCOF And Enjoy Additional Benefits
Another amazing component of RCO Finance is its native token, RCOF. This token elevates investors’ experience within the RCO Finance ecosystem. Its supply is 800 million, with 50% allocated to public sale.
The remaining half goes to ecosystem development, liquidity/market-making, team, advisors, marketing, private sales, and ecosystem rewards.
Interested investors can buy RCOF on the website for $0.0127 in Stage 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 are significant discounts on trading fees and voting rights on governance proposals. RCOF holders can also stake their tokens to earn mouth-watering rewards. Finally, they get a share of the platform’s revenues through regular dividends.
Therefore, savvy investors choose RCO Finance for its innovative features, massive presale pump, and other attractive benefits.
For more information about the RCO Finance Presale:
Join The RCO Finance Community
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