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Ripple is under pressure as traders lose confidence amid the legal battle with SEC. If Ripple loses the case, it could be subject to significant fines. This could hurt the price of XRP and the overall crypto market.
Orbeon Protocol is a new project making waves in the crowdfunding and venture capital industry. This could be a big boost for the crypto market and the everyday investor.
Founded in 2012, Ripple is a crypto payments technology geared towards business. It aims to provide a fast, secure and efficient way of making payments worldwide. Its benefits include low cost, speed, scalability and a low carbon footprint.
However, Ripple is facing an uphill battle as it tries to defend itself against the U.S. Securities and Exchange Commission (SEC). The SEC has filed a lawsuit against Ripple, alleging that the company violated federal securities laws by selling unregistered digital assets. The SEC has accused Ripple of conducting a $1.3 billion unregistered securities sale. If Ripple is found guilty, it could be forced to pay hefty fines. Moreover, XRP could be classified as a security and subject to SEC regulation.
Recently, more and more influential people in the industry are voicing their concerns about Ripple. One of them was Miles Jennings, the general counsel of a venture capital firm Andreessen Horowitz (a16z). A16z counsel revealed that he believes that Ripple is unlikely to win its court case against the SEC. In a recent tweet, Miles Jennings of A16z said that he didn’t have his hopes up for Ripple.
“Because they were selling tokens to retail in the US, and, per the SEC, the value of those tokens were dependent on Ripple’s efforts as opposed to a decentralized ecosystem. I’m for Ripple and worked on CCI’s brief, but I don’t have my hopes up.” said Jennings.
Orbeon Protocol (ORBN) Could Surge
Ripple’s court case highlights the issue of fundraising for crypto startups. For many projects, the current regulatory landscape seems like a minefield.
Luckily, there’s a new project out there that might solve that problem. Orbeon Protocol is a crypto crowdfunding and venture capital platform that gives crypto companies an alternative way to raise money. With Orbeon, crypto companies can raise money without selling their tokens, and potentially risk a lawsuit with the SEC.
Orbeon Protocol has built-in compliance features that will keep startups in line with relevant regulations. The platform allows companies to issue fractionalized NFTs (fNFTs) to raise capital. Its crowdfunding model is a safer alternative to traditional ICOs in terms of regulatory risk. This provides a much-needed solution for crypto companies that need to raise capital.
Orbeon Protocol uses blockchain technology to protect investors. Its smart contract automatically refunds investors if a project doesn’t raise enough capital. This protects investors and gives them more confidence to invest in new projects.
With its security-focused features, Orbeon Protocol could revolutionize the venture capital industry. Its native token ORBN could see huge growth in the coming weeks. The token is currently in presale, and experts predict that it could soon increase by 6,000%.
Find Out More About The Orbeon Protocol Presale