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.
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.)
Tokenization has always been a key feature of the XRPL with over 5400+ issued tokens since inception. CBDCs will live on new private ledgers that run parallel to XRPL, using XRP as a bridge to interoperate w/ other currencies. No more walled gardens!
Ripple is piloting a private version of the open-source, public #XRPL that allows Central Banks to create and manage a digital currency—enabling global interoperability. Get involved today. https://t.co/fLRSdejGI8
.@Bitstamp just announced their successful implementation of @Nasdaq matching technology. With Nasdaq's scalable and robust solution, Bitstamp can continue to bolster their capacity, performance, and resiliency.
Read more here: https://t.co/cOEPpUDqoZ
Three more years of XUMM development 🍻 - Actually: more, as this continued support will allow us to not only build XUMM & the ecosystem, but also a sustainable business model.
Thank you for your support, trust & collaboration @ethanbeard@warpaul@bgarlinghouse & others!
We've come a very long way together with @bancosantander, helping the Bank build out One Pay FX on #RippleNet and achieve these impressive results. Great example that we're following with our customers worldwide
The Q2 2020 XRP Markets Report provides an in-depth analysis of the current #crypto markets, highlights a continued pause in programmatic #XRP sales and explores the latest crypto market moves. https://t.co/IYK8agJgCY
BOOM! Today’s ruling is a huge step forward. The @USOCC is absolutely leading the way to foster innovation, protect consumers and provide a level playing field for all. The future has never been fiat versus crypto - these can and should coexist in harmony!
In an important step in changing the status quo of today's slow and expensive cross-border #payments, we are thrilled to share a new partnership with @IntermexWire. https://t.co/Ne775C94en
I'm always struck by the questionable sources (i'm being generous here) spreading FUD about #XRP and @Ripple. Even more so over the last few weeks (Ripple's XRP sales, litigation etc).... thus, I feel compelled to comment
As predicted, banks are changing their tune on crypto. But this JPM project misses the point – introducing a closed network today is like launching AOL after Netscape’s IPO. 2 years later, and bank coins still aren’t the answer
https://t.co/39EAiSJwAz
xRapid is going into commercial production. @mercury_fx_ltd, @Cuallix and Catalyst Corporate Federal Credit Union will be the first to make on-demand cross-border payments on RippleNet using #XRP. https://t.co/dQ02J4vdBl
Watch @bancosantander’s One Pay FX in action, the first #blockchain powered mobile app for cross-border payments, and learn more about why the app is so revolutionary. https://t.co/iGqDzj7VIg