Summary of Judge Torres case with #Ripple vs #SEC from Coach Miranda Miner
Overall, the court's decisions were mixed, granting the SEC's motion for summary judgment on the Institutional Sales but granting Defendants' motion for summary judgment on the Programmatic Sales, Other Distributions, and Larsen's and Garlinghouse's sales. The court also denied the SEC's motion for summary judgment on the aiding and abetting claim.
Institutional Sales: The court granted the SEC's motion for summary judgment, finding that Ripple's Institutional Sales of XRP constituted the unregistered offer and sale of investment contracts in violation of Section 5 of the Securities Act.
Programmatic Sales: The court granted Defendants' motion for summary judgment, ruling that Ripple's Programmatic Sales of XRP did not constitute the offer and sale of investment contracts.
Other Distributions: The court granted Defendants' motion for summary judgment, determining that Ripple's Other Distributions of XRP, including distributions to employees and third parties for development purposes, did not constitute the offer and sale of investment contracts.
Larsen's and Garlinghouse's Offers and Sales: The court granted Defendants' motion for summary judgment, ruling that Larsen's and Garlinghouse's offers and sales of XRP on digital asset exchanges did not amount to offers and sales of investment contracts.
Aiding and Abetting Claims: The court denied the SEC's motion for summary judgment on the aiding and abetting claim against Larsen and Garlinghouse.
Time to hit half a million followers milestone! We are giving away $1.5 million worth of NFT once we reach 500k Twitter followers (50 pairs BNBChain Genesis Sneakers):
1⃣ Follow us
2⃣ Retweet
3⃣ Tag 3 friends & comment below
To highlight today’s launch of the STEPN pool, we're giving away a Genesis Shoebox if borrow volume reaches $2M in the next week! If not, we'll give away a regular shoebox.
To enter:
1. Follow @solendprotocol and @stepnofficial
2. Like and retweet this tweet.
3. Tag 3 friends
⚡️Step👟App Staking
🗓️Going Live - Friday 12pm UTC
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1/4
Step👟App token economy includes #staking, locks, liquidity incentives, buy backs, and burns.
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We're proud to present our 1st Philippines billboard!!💎🚀
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ONCE AGAIN WE DELIVERED, GET READY FOR WHAT'S COMING!📈
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These upcoming weeks we will deploy our marketing campaign.
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