Discussion

• @gulovsen@mastodon.social Grant Gulovsen on mastodon

  I've been too busy with other work to comment on this but still, wow...  TL;DR - good news for much of the #crypto industry - but the #Ripple founders could still lose at trial on the issue of institutional sales and the partial decision in favor of #XRP will likely get appealed …

• @coinbaseassets @coinbaseassets on x

  Coinbase will re-enable trading for XRP (XRP) on the XRP network. Do not send this asset over other networks or your funds may be lost. Transfers for this asset remain available on @Coinbase & @CoinbaseExch in the regions where trading is supported.

• @gemini @gemini on x

  Given today's ruling that the sale of XRP on exchanges is not a security, @Gemini is exploring the listing of XRP for both spot and derivatives trading.

• @iampaulgrewal @iampaulgrewal on x

  We've read Judge Torres' thoughtful decision. We've carefully reviewed our analysis. It's time to relist.

• @iamdcinvestor @iamdcinvestor on x

  i really can't recommend anyone buy or hold XRP, but damn, Coinbase really trying to move as quickly as possible to put up the middle finger to the SEC, lmao

• @iampaulgrewal @iampaulgrewal on x

  Page 15: “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.”

• @dylanleclair_ @dylanleclair_ on x

  LOL this timeline is hilarious

• @bgarlinghouse Brad Garlinghouse on x

  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.

• @watcherguru @watcherguru on x

  BREAKING: 🇺🇸 US judge rules Ripple $XRP is not a security.

• @gopmajoritywhip Tom Emmer on x

  The Ripple case is a monumental development in establishing that a token is separate and distinct from an investment contract it may or may not be part of. Now, let's make it law. 👇 [image]

• @tier10k @tier10k on x

  [DB] Ripple Sales of XRP Do Not Constitute Offer of Investment Contracts: Judge

• @eleanorterrett @eleanorterrett on x

  🚨BREAKING: Judge Torres says '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.

• @metalawman @metalawman on x

  Based on my quick read through, it looks like the only thing left for trial would be the claim that Larsen and Garlinghouse “aided and abetted” Ripple's Institutional Sales of XRP—which were the only sales the court found to violate the law.

• @cz_binance @cz_binance on x

  It's less about winning or losing, it's about on the right side of the people. 🙏

• @jason @jason on x

  Congrats to the XRP team for getting away with half the crime! 😂😂😂

• @prestonjbyrne Preston Byrne on x

  Following Judge Torres' decision in SEC v. Ripple Labs, XRP is Schrodinger's Shitcoin: a security when sold to a VC, not a security when sold via programmatic means or by or to insiders. This is not a position the law will long tolerate

• @davidsacks David Sacks on x

  Big ruling for crypto.

• @colinwilhelm Colin Wilhelm on x

  “Further, the court rejected Ripple's fair notice argument, noting that the Howey test is clear and that claiming ignorance is not a defense to violating the securities laws. We'll continue to review the decision.” Does not guarantee an appeal, but leaves door open.

• @colinwilhelm Colin Wilhelm on x

  “...instead emphasizing that Howey and subsequent cases have held that a variety of tangible and intangible assets can serve as the subject of an investment contract.” 2/3

• @colinwilhelm Colin Wilhelm on x

  SEC reaction to ruling in Ripple case: “The court agreed with the SEC that the Howey test governs the securities analysis of crypto transactions and rejected Ripple's made-up test as to what constitutes an investment contract,”...

• @leomschwartz Leo Schwartz on x

  I feel like a lot of people are missing this very important footnote from the Ripple case [image]

• @danprimack Dan Primack on x

  Flashback: Ripple CEO @bgarlinghouse: SEC lawsuit is “bad for crypto” in the U.S. https://www.axios.com/...

• @bgarlinghouse Brad Garlinghouse on x

  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.)

• @meattc_ @meattc_ on x

  court also rules a “speculative motive” by the purchaser of an asset is not enough to evidence and investment contract... AND BECAUSE THEY DIDN'T KNOW THEY WERE BUYING FROM RIPPLE, THEY DID NOT DERIVE THAT EXPECTATION FROM RIPPLE'S EFFORTS honestly this seems shaky lol [image]

• @meattc_ @meattc_ on x

  Institutional sales of XRP to sophisticated investors satisfy Howey...but, who cares, because that can be covered under exemptions to registration under Reg D. [image]

• @meattc_ @meattc_ on x

  Ripple ruling is linked below. Some critical items: https://www.docdroid.net/...

• @meattc_ @meattc_ on x

  CRITICAL NOTE This is a ruling on a motion for summary judgement, NOT holding on the merits. So, grain of salt.

• @spreekaway @spreekaway on x

  somehow have a feeling gary will be back to saying congress needs to act quickly with legislation to protect investors after 2 years of saying that the law was clear

• @arthurb @arthurb on x

  Common sense prevails.

• @hosseeb @hosseeb on x

  Never thought I'd be so happy to see XRP ripping. This is an unqualified win for the industry, and now stands as legal precedent in the USA. Well done to the Ripple team for fighting this battle. 🫡

• @aeyakovenko @aeyakovenko on x

  source code, data and cryptographic messages between computers are protected speech, not property

• @autismcapital @autismcapital on x

  [image]

• @spreekaway @spreekaway on x

  airdrops are prolly safu. [image]

• @haydenzadams @haydenzadams on x

  🦄we are so back🚀

• @spreekaway @spreekaway on x

  Mashinsky jailed Gary btfo Today was a good day [image]

• @adamscochran Adam Cochran on x

  Honestly, you can lose a lot of faith in a lot of US institutions, but the unpoliticized components of the American Judiciary are pretty fucking solid. An analysis of securities dividing programmatic vs institutional is a master stroke and exactly how this should work!

• @jesse_hynes @jesse_hynes on x

  The Ripple SJ decision is in. Here is the broad summary. Will break down further: Institutional Sales by Ripple ARE investment contracts Programmatic Sales by Ripple ARE NOT investment contracts The court chooses to NOT address secondary market sales [image]

• @watcherguru @watcherguru on x

  JUST IN: Ripple $XRP soars 30% after US judge rules it's not a security. [image]

• @metalawman @metalawman on x

  This is is a huge win for Larsen, Garlinghouse and the XRP community. 1. While the court rules that some of Ripple's “Institutional Sales” of XRP were investment contracts and thus, the sale of unregistered securities, 2. Ripple's sales of XRP to “Programmatic Buyers”...

• @milesdeutscher Miles Deutscher on x

  $XRP has officially been deemed NOT a security by a US judge. This is not only a big win for Ripple, but also the entire crypto community. Although precedent isn't strictly binding, it's a great indication that many other altcoins are also non-securities. Game on, Gensler.

• @whalewire @whalewire on x

  It was clear from Day 1 that SEC would lose their politically motivated and rigged lawsuit against #Ripple. As $XRP is deemed NOT a security by the court, this sets precedent for all other similar cases. It's not just a huge win for XRP, but the entire crypto industry!

• @tree_of_alpha @tree_of_alpha on x

  You're telling me XRP isn't even a security and this guy is trying to label ETH one? good luck lmao [image]

• @eleanorterrett Eleanor Terrett on x

  🚨BREAKING: Judge Torres says @Ripple's sales of #XRP do NOT constitute investment contracts. Documents and details to come. [image]

• r/btc r on reddit

  Breaking: Ripple suffers major loss in court, found guilty of breaking federal securities laws.  Remaining claims not ruled on yet, and will proceed to trial. …

• r/Buttcoin r on reddit

  U.S. judge says SEC lawsuit vs Ripple Labs can proceed to trial on some claims