July 13, 2023 – that day was a very good day - for Ripple and the entire industry. And for me personally, a core memory!
We had the conviction to fight the bully that has harassed and executed an unlawful war on our industry. As I said when it started, I knew we were on the right side of the law and that we would be on the right side of history.
In the year since, Gensler’s SEC has ramped up its war on crypto, with the false belief that they could smother this technology and industry… with failed lawsuits, false rhetoric, slander and intimidation.
They were wrong then. And they are wrong now.
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.)