XRP NEWS : JUDGE TORRES, HOW LONG ?! BS BUYBACK THEORY-BLACKROCK
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BREAKING: Rumors Ripple will buyback 10 billion XRP tokens.
But , Ripple's CTO david Schwartz debunks speculated 10 Billion XRP buyback.
Lawyer deaton says, I don't believe
Ripple
is buying back 10 Billion XRP until I hear it from Ripple.
And dacid Schwartz said, We do sometimes buy XRP. But I don't know of anything specific that this could be referring to. And there's no official source mentioned.
So, thats not true. Just another rumor. Nothing else.
a buyback like this would have been a big thumbs-up from the company, showing they have faith in the currency's worth. It could have pumped up investor confidence and made more people want to get their hands on it. Another thing about buybacks is they usually shrink the number of tokens out there. So if there are fewer tokens up for grabs, each one could become more valuable, especially if people keep wanting them just as much or even more. But hey, that's just basic economics at work: less supply plus steady or growing demand usually means the price goes up.
Now, What Is Average Time Taken For Summary Judgements?
People are not so confident about judge torres it seems.
Cryptobull said, The fact that it takes Judge Torres this long to rule in the SEC versus Ripple case hurts the people's confidence in our Justice System. We are now almost three months beyond the ruling date expected by many experts. This creates a negative perception in the XRP community.
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