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A final judgment. The Court rejects the SEC’s suggestion that Ripple acted recklessly and she reminds the SEC that this case did not involve any allegations of fraud or intentional wrongdoing, and no one suffered any financial harm. She rejects the SEC’s absurd demand for $2B in fines and penalties. We respect the $125M fine the Court has imposed for certain historic sales to sophisticated third parties.
In yesterday’s testimony, Gensler kept talking about “crypto asset securities.” That’s a made-up term, found nowhere in the law, by a deeply flawed unelected bureaucrat. He also implied that all crypto executives were criminals. If you own crypto and have had enough - VOTE.