Kaidan 2,025 Posted September 11, 2018 https://www.bloomberg.com/news/articles/2018-09-11/u-s-judge-says-initial-coin-offering-covered-by-securities-law 1 7 PickleRick, ZerpTidalWave, Cesar1810 and 5 others reacted to this Share this post Link to post Share on other sites
NissanTracker 19 Posted September 11, 2018 Wow, can't wait to see what happens to the market after that one. Share this post Link to post Share on other sites
PickleRick 3,396 Posted September 11, 2018 It's about time! 2 XRPablo and PhiGuy reacted to this Share this post Link to post Share on other sites
mandelbaum 1,293 Posted September 11, 2018 (edited) Could create quite a precedence. Might be alot of people moving their money into the top 10 again. Edited September 11, 2018 by mandelbaum 2 PickleRick and Centaurus reacted to this Share this post Link to post Share on other sites
The-Zerpning 19 Posted September 11, 2018 Question is will xrp be viewed as an ICO. It isnt an ICO in the classical sense. It might have fit the criteria in the past but not anymore imo. Time will tell. We just need to wait. Share this post Link to post Share on other sites
Alluvial 1,099 Posted September 11, 2018 It seems from the article that the digital coins represented shares in ownership of real estate and diamonds. That seems like a security to me so the ruling is not surprising. XRP in no way represents an ownership interest in Ripple the company. From an objective point of view (which is not always the view taken by the government), it seems that the odds of xrp being labeled a security are about 1% IMO. 1 DutchPanda reacted to this Share this post Link to post Share on other sites
Guest Posted September 11, 2018 I think this is good news, and a prelude to XRP being deemed not a security. Share this post Link to post Share on other sites
Sarnos 326 Posted September 11, 2018 I am anyways always a bit amused why this whole space is so US centric - is really most of the money coming into crypto from the US? 7 1 Tripple, FMGC, bones and 5 others reacted to this Share this post Link to post Share on other sites
Kaidan 2,025 Posted September 11, 2018 4 minutes ago, JaseEffect said: I think this is good news, and a prelude to XRP being deemed not a security. The precedent is important because it has to say why an ICO is a security. It narrows down the argument. Maybe we can have some of the lawyers in here give us some insight? Share this post Link to post Share on other sites
Guest Posted September 11, 2018 1 minute ago, Kaidan said: The precedent is important because it has to say why an ICO is a security. It narrows down the argument. Maybe we can have some of the lawyers in here give us some insight? The opinion will be useful Share this post Link to post Share on other sites
DutchPanda 5,036 Posted September 11, 2018 10 minutes ago, Alluvial said: It seems from the article that the digital coins represented shares in ownership of real estate and diamonds. That seems like a security to me so the ruling is not surprising. XRP in no way represents an ownership interest in Ripple the company. From an objective point of view (which is not always the view taken by the government), it seems that the odds of xrp being labeled a security are about 1% IMO. Thankx for the insight, your point of view plus the quality of your posting(s)! 1 Alluvial reacted to this Share this post Link to post Share on other sites
Guest Posted September 11, 2018 12 minutes ago, Sarnos said: I am anyways always a bit amused why this whole space is so US centric - is really most of the money coming into crypto from the US? I assume it is because the USD is what rules the world at the moment...but again, just an assumption Share this post Link to post Share on other sites
RikkiTikki 940 Posted September 11, 2018 Seems like all the legal stuff is starting to fall in place before the year ends. Good sign moving forward. 1 LetHerRip reacted to this Share this post Link to post Share on other sites
7Bs 314 Posted September 11, 2018 Isn't crypto traded against USD the most out of all fiat pairs? Share this post Link to post Share on other sites
EcneitapLatnem 1,718 Posted September 11, 2018 It's also a story that takes place in the U.S..... so there's that. 2 Trendkill and Deeznutz reacted to this Share this post Link to post Share on other sites
