Judge Torres, a lifelong Democratic Judge, who @SenGillibrand fought to get on the bench, appointed by @BarackObama, unequivocally ruled “XRP itself is NOT a security” and sales of XRP, on exchanges like @coinbase, are LEGAL.
In fact, XRP is so LEGAL, @chrislarsensf, who was PERSONALLY SUED, by the @SECGov (along with @bgarlinghouse), over personal sales of XRP, just DONATED millions of XRP to @VP through @coinbase, which is ALSO BEING SUED by the same rogue out-of-control SEC, led by an unethical, corrupt Chairman in @GaryGensler. Btw, the SEC is suing Coinbase, alleging Coinbase’s business model is illegal because it allows the transfer of tokens, like XRP, to others, similar to the transfer of XRP made to the Vice President of the United States of America. Of course, two years prior to alleging Coinbase is running an illegal business, the same SEC, after learning the specifics surrounding Coinbase’s business model, made a specific determination that accelerating Coinbase’s IPO was, in fact, in the public’s best interest.
If the above doesn’t make your head spin like the possessed girl in the movie, The Exorcist, and prove, just how ass backwards the current regulatory environment is, in the United States, I don’t know what does.
Judge Torres cited to the almost FOUR THOUSAND XRP Holder Affidavits I submitted to the parties AND cited my efforts in the @LBRYcom case in footnote 16 of her decision. I did all that work pro bono and I’ve never made a single dollar as a crypto attorney.
@SenWarren literally mocked my pro bono work during the debate when I mentioned that I had worked for free trying to assist the 75K token holders who had joined me, including 627 who live in Massachusetts. Well, she can laugh some more, because I intend to continue to represent them in this ridiculous appeal made by the SEC, either as a sitting U.S. Senator or as a private citizen. Someone has to speak for token holders and it’s an honor for me to continue to be that person because America must be a leader when it comes to innovation.