Ripple News: Investigating the Allegations of XRP Price Manipulation to Uncover the Truth
Ripple’s alleged manipulation of XRP price through bots has sparked a heated debate in the cryptocurrency community. Since the SEC filed a lawsuit accusing Ripple of manipulating XRP price through bots, many supporters have come forward to voice their opposition to these claims.
One such supporter is Sherrie, a crypto enthusiast and experienced debater, who has taken a deep dive into the discussion surrounding Ripple’s alleged manipulation of XRP prices through the “xrp 2t 6t bot” and its partnership with GSR. Sherrie is the first to express her opinion on this matter since the court filing.
Let’s take a closer look at her argument.
Sherrie’s main argument revolves around the concepts of manipulation and causation, as she begins by distinguishing between the two. According to her, manipulation involves skillful handling of a situation, while causation refers to the natural outcome of an event. To illustrate this point, she cleverly references the analogy of a falling apple.
Applying this to the world of cryptocurrencies, Sherrie sets the stage for a deeper exploration. She firmly asserts that market manipulation is illegal and argues that Ripple is not engaging in such activities.
To address the manipulation claims, Sherrie cites a case where Ripple sells and later buys back XRP. She acknowledges that this activity does impact the price due to changes in supply and demand, but she argues that it does not necessarily indicate control over the price. Instead, she emphasizes that market prices are determined by fundamental forces.
Contrary to the manipulation allegations, Sherrie presents what she calls the “Facts.” She points to the outcomes of audits and investigations, stating that the evidence and a federal judge have determined that XRP follows Bitcoin. This suggests that Ripple is not manipulating the price of XRP.
Sherrie also delves into the legal aspects of market manipulation, highlighting specific regulations. She emphasizes that key manipulation regulations exist at the federal level, such as the 1933 Securities Act, the 1934 Exchange Act, the 1936 Commodity Exchange Act, and Title 18 of the U.S. code.
In conclusion, Sherrie maintains that market manipulation is illegal, and based on her analysis, she firmly believes that Ripple is not engaging in such activities.
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Ripple (XRP)