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


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1 hour ago, Yodaxrp said:

It's actually a federal judge making the statement, so you can decide by yourself...personally I would say yes.

The interesting question is imo another one: Why the rulers of this space tried to hide this new so long as possible?

.... also, when you refer to "the rulers of this space", who are you referring to?

Edited by EcneitapLatnem
drank another beer, but did not edit anything... just an FYI
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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!

8 minutes ago, EcneitapLatnem said:

I just asked myself and all I could think of was that it is because it was posted again... but it was posted again because the cftc tweeted just today: "announces that federal court finds that virtual currencies are commodities"....  so what do you think is the reason why?
 

Exactly this. Also, the CFTC would not officially tweet this if it wasn't any more significant than a case involving some random-ass "my big coin". 

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Just responding to OP title. Haven't read any posts in this thread yet.

The CTFC is in charge of commodities. The SEC has jurisdiction over securities, so it seems like the SEC will have domain over ICOs and tokens that qualify as securities, or are not able to evolve to non-securities status with time, including traditional securities that can be tokenized, and the CTFC will decide on the remaining tokens which will likely be deemed commodities, I'm hoping.

Edited by enrique11
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7 minutes ago, enrique11 said:

Just responding to OP title. Haven't read any posts in this thread yet.

The CTFC is in charge of commodities. The SEC has jurisdiction over securities, so it seems like the SEC will have domain over ICOs and tokens that qualify as securities, or are not able to evolve to non-securities status with time, including traditional securities that can be tokenized, and the CTFC will decide on the remaining tokens which will likely be deemed commodities, I'm hoping.

Sorry mate, don't want to be rude with you. First time I posted it I was honestly thinking about how you're worried with SEC . I was thinking the original post would relax you a bit, but...

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7 minutes ago, Yodaxrp said:

Sorry mate, don't want to be rude with you. First time I posted it I was honestly thinking about how you're worried with SEC . I was thinking the original post would relax you a bit, but...

Just busting your chops so don't take it wrongly lol but here is your trophy for posting it first on Sept 27th so you don't have to keep reminding everyone ? 

?

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1 hour ago, ImTheRippler said:

It seems more favorable in capital gains collection time but I'm not an expert so the details need clarification.

So.... Should we expect the IRS to issue new guidance?  They have the guns so I'm guessing we continue to just do as they say until they change something?

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1 minute ago, FixnUrPowerline said:

Just busting your chops so don't take it wrongly lol but here is your trophy for posting it first on Sept 27th so you don't have to keep reminding everyone ? 

?

Don't want to be the first at each price, actually don't care about it. What I honestly care about is the reason why this info has be hidden by the elite of this place. Should you have a resonable reply I would really appreciate it.

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33 minutes ago, Yodaxrp said:

Sorry mate, don't want to be rude with you. First time I posted it I was honestly thinking about how you're worried with SEC . I was thinking the original post would relax you a bit, but...

That's because you don't live in the u.s. ;)

The US SEC has the power to f&ck things up royally for American crypto companies.... Their power extends Beyond u.s. borders to many other nations.

Edited by enrique11
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6 minutes ago, Yodaxrp said:

Don't want to be the first at each price, actually don't care about it. What I honestly care about is the reason why this info has be hidden by the elite of this place. Should you have a resonable reply I would really appreciate it.

It's pretty strange that's for sure, but I don't think it has a deep agenda. 

Maybe the mods reply later why it happend.

 

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3 minutes ago, Staigera said:

It's pretty strange that's for sure, but I don't think it has a deep agenda. 

Maybe the mods reply later why it happend.

 

Well, considering other topics I would say I'm more optimistic than you about xrp evolution, but you're more optimistic than me about mods here.

Only future will telk who was correct..

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