1/5
Ripple case, here is the good and the bad.
But it is mostly *VERY* good for all alts, and a surprisingly big win for XRP.
First Judge did decide institutional sales/fundraising was securities.
The U.S. needs to update its financial system. The code is 40 years old and the laws are 100 years old.
Cryptocurrency is not a financial service. It's a technology that can be used to update financial services.
Let's update the system.
3/ While we understand that this is all part of the journey to reforming our financial system, we are right on the law, confident in the facts, and welcome the opportunity for Coinbase (and by extension the broader crypto community) to get before a court.