CandleFocus Expert Says Ripple Risks Losing Its XRP and Other Assets If This Happens
2024-10-24
Author: Content Editor
In a hypothetical scenario, the founder of the DOQ token suggests that the US government could seize Ripple's XRP and other assets if the company is found guilty of corruption or human rights abuse. This assertion is based on Executive Order 13818, signed by former President Donald Trump, which allows the US Department of the Treasury to seize the assets of companies involved in corruption and human rights abuse. However, it is important to note that this statement is speculative and does not imply that Ripple is currently involved in any wrongdoing. The ongoing SEC v. Ripple lawsuit revolves around Ripple's violation of securities laws and does not allege fraud or human rights violations. While Ripple recently achieved a partial victory in the lawsuit, it was fined for illegally selling XRP. The SEC is appealing the ruling primarily to seek additional financial penalties and not to seize Ripple's assets.
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