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.
@Jason I believe in the principles of Christianity like love thy neighbor as thyself (have empathy for all) and turn the other cheek (end the cycle of retribution)
Postcards from the Death of the American Dream..
(warning, these are not comfortable viewing)
Since 1965 (everyones working memory) wages have not risen in real terms. Its an endless hamster wheel of despair...
The Real-World Asset (#RWA) Tokenization combined with the Internet of Value (#IoV) is going to be the biggest financial revolution of the century and reshape the digital asset landscape, as well as the global financial system.
Why? 👇🧵1/19
REMINDER: $XRP is a decentralized and deflationary currency. It's fast, low-cost, scalable and eco-friendly. No more than 100 billion XRP will ever exist.
XRP Ledger is operating since 2012, with a robust technology that started DeFi innovation and many upcoming developments.
Today the $XRP price went from $0.47 to $0.94 (~+100%).
If you do the math, it’s a $19b increase in the market cap of XRP in a few hours.
It’s roughly:
20x the market cap of $QNT
25x the market cap of $RNDR
45x the market cap of $CSPR
I won’t even try to do the math on some smaller cap coins like $NXRA, $TRIAS, $LEOX etc
Mind-blowing if you think about that.
Right?
WE ARE STILL SO FUCKING EARLY IN THE GRAND SCHEME OF THINGS.
Little rant to keep your perspective in check and let you know that, in my humble opinion, today was just the tip of the iceberg.
There’s basically endless money ready to flow into this market, whether you like it or not.
Hope you are positioning yourself in the best way in order to ride this gigantic wave🌊
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.