The one organization screaming #crypto is filled with scams and fraud… just scammed everyone….
LET THAT SINK IN…
Realest post of 2024 in crypto this year 🫵🏼
It’s been less than a week since the decision dropped, and I’m still overwhelmed with gratitude for (and hugely proud of) this team.
An unequivocal win for Ripple and for crypto in the US.
That’s the bottom line.
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.)
WOW! Congratulations to you my friends.
What I see from a first read-through:
1. Judge Torres ended up ...splitting the baby! Yes, she finds the sales in which the buyers bought XRP directly from Ripple were sales of securities. That amount is alleged to be $728 million.
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.
🚨BREAKING: Judge Torres says @Ripple’s Programmatic Sales, the Other Distributions, and Larsen's and Garlinghouse's sales of #XRP do NOT constitute investment contracts. Documents and details to come.
I'm sorry, but after watching, Blackrock, Fidelity, Citadel, Schwab and now Deutsche Bank, all apply for #Bitcoin ETFs, spot exchanges, etc. only a few days after the SEC drops a TRO on Binance and sues Coinbase... how can't you think this entire past year was a giant inside job coordinated between the Wall Street parasites & government regulators so they could catch-up...
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.
The Judge in the Ripple case has been making major rulings about every 9 weeks (Sept. 29, Dec.19, March 6, May 16). And the only major ruling left is on Summary Judgment.
That comes out to mid-July.
NOT a prediction. JUST a pattern.