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.
Justice has been served. From day 1 we knew $XRP is NOT a security, the case didn't make any sense & as later revealed the SEC was corrupt. Today, Ripple won, XRP won, the community won, & finally, the whole industry won.
Massive thanks to everyone who contributed to this win.
XRP family, today we celebrate!!!
After 2 & 1/2 years it's OVER, and we got what we wanted.
XRP IS NOT A SECURITY.
Judge Torres took the SEC's "embodiment theory" and placed it in the paper shredder WHERE IT BELONGS.
I just love this community. And we made it! $XRP
What do you guys think Jay Clayton is up to today? He filed the lawsuit against #Ripple and ran out the SEC door a few days after.
I hope @andrewrsorkin@JoeSquawk@BeckyQuick will not chicken out and bring Jay on the show to ask him about the Ripple victory and the Bill Hinman ethereum emails.
#xrp $xrp
On a personal note, I am so happy to see the excitement on XRP-Twitter after the last couple years of frustration.
Breathe it in - that's Justice. That's what lawyers live for.
I am so happy for YOU!
Uphold is back up!
Yes, we went down but no platform could cope with the 50x spike in volume we saw today.
Uphold feels proud and vindicated to have been THE ONLY platform to stick with XRP through thick and thin over the past few years.
We’d love to give props to our law firm Paul Hastings who gave us the confidence to make the right call when every other U.S. venue listened to other counsel and delisted XRP at the first opportunity.
It is unforgivable that we went down today. That said, in 2021, when all other major Exchanges went down during explosions in activity, Uphold’s uptime was better than that of Coinbase and Binance.
Today’s spike in volume was simply unprecedented. The 10x scaling buffers we put in place after the 2021 boom, were simply not enough to handle the spike. We have resolved that now. We are doing everything in our power to handle these elevated loads.
Today is confirmation that maximum U.S. Regulatory FUD is behind us. It’s time to celebrate.
I want to give a special shoutout and big Thank You🙏 to Attorney John Deaton. @JohnEDeaton1
John fought for #XRPHolders when the rest of the industry turned their backs on #Ripple and #XRP holders.
John faced unfair criticism and ridicule for the stance he took. I remember interviewing John in March 2021, a few months after the SEC lawsuit against Ripple https://t.co/jTSCqiW8Jd
This was way before the mainstream media and other influencers wanted to talk to him. We've come a far way John. Thank you John, you are a hero!
PS, make sure @CGasparino takes you to the most expensive steak house in NYC.
@EleanorTerrett@SECGov@FoxBusiness XRP is not a security. Their entire argument about tokens themselves being securities, or public sales on exchanges being securities, was demolished by Judge Torres.
Keep reviewing that, @SECGov. You can't spin your way out of it.
My absolute gratitude to the teams that have been working tirelessly on this matter for over the years. The Judge’s decision affirms so much of what this industry is fighting for, and shows that the SEC does not have unbounded jurisdiction over crypto.
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.
Ex Chairman of the SEC Jay Clayton. The guy who drops a lawsuit on Ripple out of no where, then quits his job 6 months before he should and essentially blocking $XRP participation in the last bull run.
Now works for Fireblocks, a crypto custodian and thinks a $BTC ETF should be approved. Madness
@jungleincxrp Wish I could go in depth now, but we've waited this long (18+ months), I don't want to overstep… suffice it to say @s_alderoty and I believe they were well worth the wait.