@CryptoLawUS - CryptoLaw
🚨“XRP Ruled Not a Security” is the #1 crypto story of 2023 (@axios) 👇🏻 https://www.axios.com/2023/12/20/crypto-2023-ftx-binance-biggest-stories
@CryptoLawUS - CryptoLaw
The baby was not split. The baby is not a security. Blind bid/ask transactions on an anonymous exchange (vast majority of XRP sales in the case) are not securities under Howey. That's 75+yrs of case law speaking. What case law are the unnamed laughers at SDNY citing?
@BattlezNFT - Lunatic
@CryptoLawUS @CGasparino has clearly been given his orders and lost all credibility in the process. Interesting how @EleanorTerrett went on "vacation"
@APompliano - Pomp 🌪
Good morning to everyone except the people who thought they could sell unregistered securities and get away with it
@360_trader - 360Trader
@APompliano I like you Pomp... But I’m gonna dislike you for just a few minutes for that one
@APompliano - Pomp 🌪
@360_trader That is okay. I'm not here to win a popularity contest. I'm here to educate people, while learning more myself. The ability to listen to each other's opposing opinions and still be friends is needed more than ever today :)
@CryptoLawUS - CryptoLaw
@APompliano @360_trader Hope you learned something from this: https://t.co/jBKU9NoAuR
@david_r_barrera - David Barrera
@CryptoLawUS @APompliano @360_trader The SEC did not argue, and no serious security lawyer is going to argue that XRP, purely as a digital token, just in and of itself, satisfies Howey.
@_lukey_mo - Lukey Mo
@david_r_barrera @CryptoLawUS @APompliano @360_trader Hahahaha I love watching ppl make stupid commments and then getting wrecked 🤣
@david_r_barrera - David Barrera
@_lukey_mo @CryptoLawUS @APompliano @360_trader I stand by my comment, which has nothing to do with the aiding and abetting claims the SEC dropped. I never held an opinion w/r/t those claims. Right move by the SEC to appeal prog sales sooner. At the same time, big win for Ripple execs (not necessarily for XRP holders).
@richcerro14 - Richard Cerro
@david_r_barrera @_lukey_mo @CryptoLawUS @APompliano @360_trader We already won. Xrp is not a security legally speaking.
@CryptoLawUS - CryptoLaw
“This village beat the bully.” @bgarlinghouse celebrating a landmark legal victory for crypto over the @SECGov with thousands from the #XRPCommunity last night in NYC
@CryptoLawUS - CryptoLaw
Time to shed more light on the question: why did Jay Clayton file the @Ripple case on his last day in office & vote with the 2 Dems on the Commission? Thank you @EMPOWR_us for tirelessly digging for the truth
@CryptoLawUS - CryptoLaw
#TBThursday - Still an open question. Why wasn't it appropriate to investigate Jay Clayton's financial interests when he filed the XRP lawsuit on his last day then immediately was hired by a hedge fund that made a $1B bet on rival tokens three months earlier?
@CryptoLawUS - CryptoLaw
Hey @allyversprille, can you please intervene here? Your news outlet has published a false story about the SEC's filing today in the Ripple case. https://t.co/DRcJz542uP
@BranchedOff - BranchedOff
@CryptoLawUS @allyversprille Why does the #XRPCommunity have to do the research FOR @business? I don't understand these outlets with ZERO understanding of crypto. Clearly there's more than enough capable folks in the #XRPCommunity, why not hire people that know what they're talking about @allyversprille ?
@CryptoLawUS - CryptoLaw
Hey @ChrisDolmetsch - this story is false on very important facts you got wrong. Nothing in this brief is related to the XRP token not being a security. It is entirely about the CHANCE to file an expedited appeal about specific OFFERS AND SALES by the DEFENDANTS of XRP. Not the token itself.
@joeshoeth - joe sho
@CryptoLawUS @ChrisDolmetsch Again @ChrisDolmetsch is not wrong It's obvious that no item tangible or intangible (including computer code) is a security due to it's composition. -SEC IS arguing that sale of XRP to public investors is the sale of securities- because the transaction is an investment contract
@CryptoLawUS - CryptoLaw
@joeshoeth @ChrisDolmetsch It says “the XRP token is a security when…” 100% incorrect. Factually, legally, journalistically incorrect. A $100M 2.5 year lawsuit was just fought and won over that. Getting it wrong is not a small thing. It’s a very big thing.
@CryptoLawUS - CryptoLaw
Do you see what you asked? There is no “standalone” distinction like you’ve added. The underlying asset is not a security. Period. Only offers and sales (not the token) can be securities if they meet all factors of the Howey test. That’s what Ripple fought and won on. The SEC said during the case (that they lost) that ALL sales of XRP are securities because the XRP token itself “embodies” all the promises Ripple ever made to anyone even if it was one buyer. The distinction was one of the core fights of this entire case.
@CryptoLawUS - CryptoLaw
Excellent question, @JsnFostr. You have already produced enough evidence for the public to see that Hinman not only ignored the General Counsel on his ETH speech (@Ripple revealed), he ignored the Ethics office's "bar under the criminal financial conflict" with Simpson Thacher (these emails prove).
@CryptoLawUS - CryptoLaw
SETTLED LAW: The XRP token itself is not a security. Choke on it.
@CryptoLawUS - CryptoLaw
When hundreds of thousands of retail digital asset holders and tens of millions of customers of exchanges are the ones asking "who is @GaryGensler really protecting?", then it's time we had an answer. Another home run by @GenslerFacts
@CryptoLawUS - CryptoLaw
Given everything that has happened since this tweet, and everything that has come out about what the @SECGov did and is still doing to crypto, why isn't @VitalikButerin addressing *any* of it? It would be good for Ethereum, for himself and for all of crypto if he ended the silence.
@CryptoLawUS - CryptoLaw
Given everything that has happened since this tweet, and everything that has come out about what the @SECGov did and is still doing to crypto, why isn't @VitalikButerin addressing *any* of it? It would be good for Ethereum, for himself and for all of crypto if he ended the…
@JohnEDeaton1 - John E Deaton
@CryptoLawUS @SECGov @VitalikButerin I’ve said from the beginning that had the SEC sued Vitalik and @ethereumJoseph and the ETH Foundation/@ConsenSys claiming ALL ETH are securities including in the secondary market, I would’ve have done the same exact things I’ve done regarding @Ripple @bgarlinghouse…
@elohimzaboth - 🪽Enoch🪽
@JohnEDeaton1 @CryptoLawUS @SECGov @VitalikButerin @ethereumJoseph @ConsenSys @Ripple @bgarlinghouse Eths moto is we are the best because we will wipe out the competition thru regulatory capture
@CryptoLawUS - CryptoLaw
@elohimzaboth @JohnEDeaton1 @SECGov @VitalikButerin @ethereumJoseph @ConsenSys @Ripple @bgarlinghouse Because of Vitalik's silence, that is the impression that is left. And it's the reason he needs to tell his side of the story and end the silence. There is too much at stake not only for all of crypto, but for his own invention.