😎😎😎😎Do XRP sales discourage developers? The data says the opposite 😎😎😎😎
Schwartz's statements triggered various reactions. An anonymous researcher, Darkhorse, invited Ripple to review its strategy, proposing a temporary suspension of sales to evaluate the impact on the price of the token.
Schwartz reiterated Ripple's commitment to transparency, pointing out that deliberate price manipulation is at odds with the company's ethical principles.
Other users instead asked Schwartz if he intends to review his strategy tomorrow. They also raised concerns about whether Ripple's massive investments in XRP could discourage developers from building projects on the network.
But this does not appear to be the case, as XRP Ledger transactions increased by 100% in the first quarter of this year.
‼️‼️SEC criticized for aggressive action against crypto companies‼️‼️
The legal battle between Ripple and the SEC (the US body that controls the stock market) continues unabated, with the blockchain company opposing the request for a 2 billion dollar fine from the American regulator.
The position was made public in a detailed motion by Ripple defense attorney James Filan. According to the document, the company strongly disputes the sanctions proposed by the SEC, calling them excessively punitive.
According to the document that was filed on April 23, there are no allegations, findings of reckless behavior or fraudulent activity that would justify such severe financial penalties.
Ripple's Chief Legal Officer, Stuart Alderoty, stressed that the Commission's conduct represents a serious precedent against the crypto sector in the United States. He has declared:
“In a case where no charges (or findings) of recklessness or fraud are pending, and where Ripple has achieved victories on very important issues!!!”
