@CyrptoInvest@FilanLaw That ruling was made last year that XRP was not in itself a security. This ruling has nothing to do with XRP, only Ripple. Hope this helps clear it up.
As promised – it’s time for that proper victory party.
The last few years have been quite the journey and I look forward to sharing a celebratory toast on Sept 29 in NYC!
A huge win today – as a matter of law - XRP is not a security. Also a matter of law - sales on exchanges are not securities. Sales by executives are not securities. Other XRP distributions – to developers, to charities, to employees are not securities.
We said in Dec 2020 that we were on the right side of the law, and will be on the right side of history. Thankful to everyone who helped us get to today’s decision – one that is for all crypto innovation in the US. More to come.
Very well laid out. Lets hope the @Ripple case ends in the way of Ripple, not just for Ripple, but for those who have felt the hit from the SEC's Regulation by enforcement. 1st prize goes to @GaryGensler , For the worlds most hated man.
1/ The stakes just keep getting higher for the ruling in SEC v. @Ripple.
Here's why.
If Judge Torres rules that $XRP tokens trading on secondary markets are Not Securities--it would undermine the entire basis for the SEC's case against @Coinbase and much of the @Binance case.
Despite pristine evidence all over the internet exposing blatant SEC corruption, the case against $XRP remained gridlocked. Many grew fearful the truth simply no longer mattered, but one man did not. His name was @bgarlinghouse and it was time for him to talk his shit. 😤
@DigPerspectives@digitalassetbuy Going back to my August 7 post, zooming in on this daily macro falling wedge, it's safe to say that XRP has not only broken out of the falling wedge , it had decoupled from the main player BTC. The next target is $0.73 usd.
Are we looking at the top of this Bull Run for BTC. Will 76k be the top. Or as some say, will it go to 100k and beyond. I don't think anyone really knows. This chart indicates we're somewhere near the top.
If we zoom out on the XRP Daily, you'll see we're in a macro level falling wedge. There's a 65% chance of XRP breaking to the up side. We could see XRP explode. If it breaks to the down side, expect to see it go as low as usd$0.10 - $0.12 XRP
Powerful words from Commissioner Pham: “Regulatory clarity comes from being out in the open, not in the dark.”
Unfortunately, the SEC seems more than content to operate in the latter.