Coinbase will re-enable trading for XRP (XRP) on the XRP network. Do not send this asset over other networks or your funds may be lost. Transfers for this asset remain available on @Coinbase & @CoinbaseExch in the regions where trading is supported.
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.)
I've had a chance to fully review the SJ ruling in the SEC v. Ripple case #XRP , and this appears to be a win. Ripple is likely going to take a ding, some things are going to go to trial, the secondary status of XRP is "unclear", but I still think Coinbase relists after this.
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.
Trying something new – some thoughts from me on the events (specifically the release of the Hinman documents) of this week. For me, this has all had a personal bent to it - and felt like it warranted some personal comments.
As I just shared on stage at #DubaiFintechSummit, @Ripple is expanding in Dubai. With 20% of our customers based in MENA and clear regulatory regimes being developed, it’s no surprise that Dubai is emerging as a key global financial hub for crypto innovation to thrive.
Watch and listen closely to @WarrenDavidson - #USDTether is a ticking time bomb! For the people in the back, #crypto isn`t sorted out until we know where the #USGovt stands on #USDTether.
https://t.co/AXTsNcucKb
Watch
@GaryGensler
squirm as he avoids answering the simple questions from
@PatrickMcHenry
. I`m asking you under the laws that exist on the books today,is #Ethereum a security? #GoldmanGensler also refuses to acknowledge that he has already ruled on #Bitcoin📷. #RETWEET #XRPArmy