The SEC asked for $2B, and the Court reduced their demand by ~94% recognizing that they had overplayed their hand. We respect the Court’s decision and have clarity to continue growing our company.
This is a victory for Ripple, the industry and the rule of law. The SEC’s headwinds against the whole of the XRP community are gone.
XRP is not a security.
This victory for @Ripple is a win for the entire industry and a step toward regulatory clarity in the U.S.
A huge thank you to @bgarlinghouse, @chrislarsensf, and @s_alderoty for their leadership and the #XRPCommunity for their continued support.
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.)
🏀 We’re excited to announce that through our Creator Fund partnership with @VSAPartners, Rare Air Media is going to design, develop and market a collection of one-of-a-kind #NFTs on the #XRPLedger covering former-NBA star Michael Jordan’s life and career. https://t.co/5T6Guh1DBT
This. ⬇️
This has been clear from the start -- the SEC’s lawsuit isn’t just about Ripple, it’s about what “...impossible standards of fair notice and due process” through regulation by enforcement can do to crypto innovation. “Anyone could be next without warning.” 1/2
Many have doubted the benefits of #XRP, but you don’t have to take my word for it. The proof is in the pudding: @MoneyGram is experiencing real-time settlement (~60 seconds) in USD to Mexican pesos. Pre-funded accounts will become a thing of the past.
JUST IN: With its acquisition of @LogosPayments, @Ripple's Xpring arm is planning to build DeFi products based on $XRP. https://t.co/VypTPyU0mS @Nate_DiCamillo reports
David Nicol (@Nicolrightnow) joins the NTT Data booth to discuss digital assets and how they can change the world of capital markets at #Sibos. #tokens@NTTDATAServices @everis_en