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To Our XRP Chat Lawyers: Is this as important as I think it is?


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I was just made aware that a U.S. Federal court has found that virtual currencies are commodities and are therefore subject to CFTC jurisdiction.    See the press release just sent out today: htt

I can hear the Ripples coming

This is huge, just wipes out the previous lawsuits. XRP is a comodity!

https://www.newsbtc.com/2018/06/14/my-big-coin-in-court-this-week-as-ctfc-tries-to-combat-fraud-in-cryptocurrency-industry/

Interesting case. Hopefully it will cause the earthquake we have been waiting for, and the day after Swell when Ripple has been getting alot of media attention.

Edited by mandelbaum
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Just now, Yodaxrp said:

 

Take a look pls at the above link. I originally posted it in the Press section, but our kind mods decided to move where nobody could take a look at it.

Pmed Karlos directly for an explanation, but my message was not a reply worth!!!

Hmm interesting. Nice to see it further verified by the cftc on Twitter today!

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1 minute ago, Yodaxrp said:

 

Take a look pls at the above link. I originally posted it in the Press section, but our kind mods decided to move where nobody could take a look at it.

Pmed Karlos directly for an explanation, but my message was not a reply worth!!!

Wow, that took a long time to travel!  So today is just the CFTC finally catching up to publish the .pdf ?

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I would appreciate if @Karlos or whatever mod moved the post could reply here to my PM!!!

If you all reading this post asking for the same perhaps, one day, we'll have a firm reply. No problem to post here the PM I was sending after the post has been removed!

Edited by Yodaxrp
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13 minutes ago, Yodaxrp said:

 

Take a look pls at the above link. I originally posted it in the Press section, but our kind mods decided to move where nobody could take a look at it.

Pmed Karlos directly for an explanation, but my message was not a reply worth!!!

Read this thread

The ruling is not as significant as the headlines make it sound. The ruling only applies to this case. It does not mean that other cryptos are not securites 

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