The most important part of this ruling:
โXRP, as a digital token, is not in and of itself a โcontract, transaction[,] or schemeโ that embodies the Howey requirements of an investment contract.โ
This is a now a matter of law (not up for trial.)
WOW! Congratulations to you my friends.
What I see from a first read-through:
1. Judge Torres ended up ...splitting the baby! Yes, she finds the sales in which the buyers bought XRP directly from Ripple were sales of securities. That amount is alleged to be $728 million.
@UpholdInc Login? Trying for half hour now and it's not happening...if this kind of outage happens in key moments like this all the time.... uphold ๐๐๐๐๐
1/ Itโs been 5 years since Bill Hinman gave his infamous speech โ and through the SECโs lawsuit against @Ripple (and 7 court orders), we can finally share what happened behind the scenes through the now public emails / drafts of the speech.
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