Ripple | XRP is not a security
Updated
The Southern District of New York concluded that Ripple’s Programmatic Sales and Other Distributions of XRP did not constitute the offer and sale of investment contracts.
But Ripple’s Institutional Sales of XRP constituted the unregistered offer and sale of investment contracts in violation of Section 5 of the Securities Act. Adam Cochran: First Judge did decide institutional sales/fundraising was securities. But the programmatic sale on exchanges didn't meet third prong of Howey. So sales to users via exchanges may be fine, as long as it was through orderbook and not ICO/IEO/Launchpad like things. Bounties, investments in others using XRP, grants using XRP, and transfers to execs in XRP not considered securities
The judge held that the XRP token itself is not a security, but the transactions and schemes around trading it need to discuss.
The Judge: "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.Rather, the Court examines the totality of circumstances surrounding Defendants’ different transactions and schemes involving the sale and distribution of XRP.
ConsenSys lawyer Bill Hughes briefly explained the XRP court decision, saying that ultimately a jury will be needed to decide whether Ripple execs aided and abetted this unregistered issuance; the SEC is expected to appeal to the Second Circuit immediately.
But Ripple’s Institutional Sales of XRP constituted the unregistered offer and sale of investment contracts in violation of Section 5 of the Securities Act. Adam Cochran: First Judge did decide institutional sales/fundraising was securities. But the programmatic sale on exchanges didn't meet third prong of Howey. So sales to users via exchanges may be fine, as long as it was through orderbook and not ICO/IEO/Launchpad like things. Bounties, investments in others using XRP, grants using XRP, and transfers to execs in XRP not considered securities
The judge held that the XRP token itself is not a security, but the transactions and schemes around trading it need to discuss.
The Judge: "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.Rather, the Court examines the totality of circumstances surrounding Defendants’ different transactions and schemes involving the sale and distribution of XRP.
ConsenSys lawyer Bill Hughes briefly explained the XRP court decision, saying that ultimately a jury will be needed to decide whether Ripple execs aided and abetted this unregistered issuance; the SEC is expected to appeal to the Second Circuit immediately.
Comment
Comment
Comment
and here we are
Trade closed: target reached
Comment
Comment
Ripple files opposition to the SEC’s motion to certify interlocutory appeal.Comment
Ripple has announced the acquisition of Fortress Trust, a chartered trust company focused on cryptocurrencies. The purchase price was lower than the $250 million it paid to buy custody company Metaco in May. Ripple obtained a trust license in the U.S. state of Nevada through this acquisition. Currently, Ripple and its subsidiaries collectively hold money transfer licenses in 30 U.S. states, including the New York BitLicense.Comment
Comment
Comment
we should back to 0.5$ asap
Comment
Comment
Trade active
Trade active
Trade active
Trade active
its xrp time
Comment
Ripple sold 150 million XRP from its reserves this month on June 7, causing pressure on XRP prices. The transaction was worth about $78 million, equivalent to 0.25% of XRP's market value of $29.25 billion. Ripple released 1 billion XRP from its initial allocation on June 1 and locked it in monthly escrow until 2027Trade active
w got GOD candle here, time to hit 0.65$
Comment
The rescheduled SEC Settlement meeting will take place on July 25, 2:00 PM - 4:00 PM ET. If the Ripple-SEC settlement rumor proves false, a "Sell the News" event may occur.Comment
Ripple announced the allocation of 10M in tokenized U.S. Treasury bills on the XRP Ledger.Comment
The SEC v. Ripple case has concluded with Ripple fined $125 million and an injunction against future securities law violations.
Trade active
Vandell Aljarrah, cofounder of the Black Swan Cap said that the SEC lawsuit, which has dragged on for a long time, is part of a broader plan. He believes the outcome has been pre planned, with heavy price suppression and manipulation being part of the strategyTrade active
at 10:50 UTC+8 today, 1 billion XRP were unlocked from the rDqGA...mKxEsF in three transactions, with a value of over $560 million dollars. The address: rDqGA...mKxEsF was marked as an official Ripple address by XRPSCAN and bithomp
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.