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TL;DR
Have you ever heard of the ‘Cramer Curse’? The concept is straightforward: if CNBC’s Jim Cramer, says one thing goes to occur – the other will happen.
In a current CNBC section, Jim stated that the SEC “might not win” towards Ripple and XRP. In case you imagine the curse, that means the SEC will win its case towards Ripple.
If that occurs it would give the SEC purview over regulating XRP.
Firm’s promoting securities (e.g. shares) want the identify/ID of all of their shareholders, however that is nearly unattainable to do reliably with cryptocurrency.
Plus, if the SEC wins this case, they’re going to most probably use the authorized precedent to go after each different main crypto challenge on the market (besides perhaps Bitcoin). Let’s hope the curse fails.
Full Story
Right this moment we’re speaking curses.
Not swear phrases – curses.
(The issues your sister and her surprisingly quiet buddy used to placed on those that had been imply to them in center faculty).
Theories of ‘curses’ pop up all around the cultural panorama.
In Baseball, there was the ‘Curse of the Bambino.’
The place, after buying and selling Babe Ruth to the Yankees in 1918, the Boston Crimson Sox did not win a world sequence till – get this – 2004!
In fight sports activities, there’s the ‘Drake Curse.’
The idea that if a fighter interacts with Drake, they’re going to lose their subsequent battle.
And in finance, there’s the ‘Cramer Curse.’
The concept is straightforward: if CNBC’s Jim Cramer, says one thing goes to occur – the other will happen.
The phenomenon is so extensively embraced, that somebody even began the ‘Inverse Cramer’ index on Twitter.
It is a feed that “tracks the inventory suggestions of Jim Cramer so you are able to do the other.”
…this is their newest put up:
Jim Cramer stated SVB inventory was a purchase final month at $320Yesterday it was buying and selling for a penny pic.twitter.com/FxpmCL6Gqe
— Inverse Cramer (Not Jim Cramer) (@CramerTracker) March 30, 2023
Why’re we telling you all of this?
As a result of in a current CNBC section, Jim stated that the SEC “might not win” towards Ripple and XRP.
And if the Cramer Curse is to be believed, that means the SEC will win its case towards Ripple, proving that its XRP token is actually a safety, and giving them purview over regulating it.
Which might throw an enormous spanner within the works.
Firm’s promoting securities (e.g. shares) want the identify/ID of all of their shareholders (or on this case ‘token holders’).
…however that is nearly unattainable to do reliably with cryptocurrency.
Centralized crypto exchanges gather the ID’s of every of their prospects, however as soon as the crypto is moved onto a self-custody pockets, there is not any approach of monitoring who the brand new proprietor is.
(Shifting tokens to a self-custody pockets is the crypto equal of taking money out of the financial institution and hiding it beneath your mattress).
In a vacuum, this solely results XRP holders.
But when the SEC wins this case, they’re going to most probably use the authorized precedent to go after each different main crypto challenge on the market (besides perhaps Bitcoin).
Let’s hope the Cramer Curse craps out this time round…
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