The most important part of this ruling:
“XRP, as a digital token, is not in and of itself a “contract, transaction[,] or scheme” that embodies the Howey requirements of an investment contract.”
This is a now a matter of law (not up for trial.)
It's getting pretty serious for Crypto.
Not trying to be cute here, but the space is very fortunate to have the #XRP community. We are more war ready with nearly 20 months of experience. Quite a powerful decentralized fighting machine - - already assembled.
(2/2) regulation by enforcement is appropriate. Jay Clayton's decision to sue @Ripple may have been staff decision, but staff will have to explain key differences between @Ripple XRP and @ethereum, which has escaped reg scrutiny thanks to @JohnEDeaton1 lawsuit. Get popcorn ready
BREAKING: @SEC_Enforcement v @Ripple could decide the future of agency's ability to regulate #cryptocurrency & it might not end well. Consider what happened when DOJ pushed the envelope on insider trading resulting in a ruling making prosecution tougher more at 345pm @FoxBusiness
Bitcoin has broken above the 0.618 Fibonacci Retracement level.
Next up... the infamously dangerous 0.702 retrace at approximately $54,170. The 0.702 rejected Bitcoin in the 2017-2018 retrace from $20,000 and sent it into a multi year bear market.
Let's get through it!
This is such Bullshit. You didn't start the BS, pls don't continue it. If you were working on behalf of investors you make it easy for questions by investors and businesspeople to be asked and answered. You make it near impossible. Those can't afford lawyers can only guess.
We recently received board approval to purchase over $500M of crypto on our balance sheet to add to our existing holdings. And we'll be investing 10% of all profit going forward in crypto. I expect this percentage to keep growing over time as the cryptoeconomy matures.