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- X person Sherrie disagreed that Ripple’s XRP gross sales have been manipulative.
- The commentator believes Ripple’s promoting and repurchasing of XRP shouldn’t be manipulation.
- Sherrie backed this declare by citing audits and authorized investigations into Ripple’s transactions.
The controversy round Ripple’s XRP gross sales and its influence on XRP’s market worth has remained a heated subject within the crypto neighborhood. Allegations of deliberate worth manipulation by Ripple reached a brand new peak lately following the disclosure of how Ripple leveraged varied bots providers to orchestrate its routine XRP gross sales.
Nevertheless, some commentators, akin to X person Sherrie, disagreed that Ripple’s actions have been manipulative. In a latest thread, Sherrie delved into the nuanced distinction between manipulation and causation.
Drawing parallels with on a regular basis eventualities like dropping an apple, Sherrie distinguished between intentional manipulation and the pure penalties of actions. The commentator believes Ripple’s determination to promote XRP shouldn’t be essentially manipulative, whatever the market’s response to such motion.
Moreover, Sherrie addressed the notion of market manipulation through the use of the instance of Apple promoting and rebuying shares to manage costs. Opposite to standard perception, Sherrie argued that such actions, whereas affecting provide and demand dynamics, don’t essentially represent manipulation however somewhat a basic precept of economics.
On this premise, Sherrie emphasised that Ripple’s promoting and repurchasing of XRP didn’t quantity to market manipulation. She backed her declare by citing audits and authorized investigations into Ripple’s enterprise transactions:
After a number of audits and investigations into the enterprise, it was decided by proof and a federal choose that XRP follows Bitcoin.
Basically, Sherrie asserted that Ripple’s conduct aligns with market norms and regulatory requirements as no unlawful actions have been recognized on their facet. Furthermore, she famous that the July 2023 victory ruling bolstered the legality of Ripple’s XRP gross sales, additional dispelling claims of illicit manipulation.
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