The SEC admits XRP is NOT a security

[NMNR]

 

[RussianStandards]

Not quite. More little things piling up though. I’m interested as to the answer admission number 100 also.

[RobertHarpool]

No. 

The SEC admitted that they did not tell anyone who asked them whether XRP was or was not a security. 

...

Words get pesky sometimes 

[NMNR]

28 minutes ago, RobertHarpool said:

No. 

The SEC admitted that they did not tell anyone who asked them whether XRP was or was not a security. 

...

Words get pesky sometimes 

Semantics

[peanut56]

The good thing is that inquiries were made, and it plays into the fair notice defense. Since the SEC did not know if xrp was a security then a normal human being of reasonable intelligence would not be able to know if xrp was/is or was not a security.

[Julian_Williams]

 

Quote

 

Jeremy Hogan

@attorneyjeremy1

·

2h

Ripple's first request for admissions to the SEC was attached to the most recent court filing and in it the SEC admits that it never told anyone that XRP was a security, until the lawsuit was filed. That is now an official admission in the case.

 

Well if in ten years, or however long Ripple have been trading XRP, The SEC have never told anyone it was a security, there must be a lot of reasons for doubting that it is one now.

[Julian_Williams]

rumours that SEC are getting the bad news out before settling, rather than after.  Not sure how much credence to give this idea but it is an interesting thought.

[HAL1000]

The Scummy Ethereum Cartel have just admitted they did not have a view on the status of XRP, so whose OPINION does matter at the SEC, 3 commissioners it seems V two commissioners + 30,000 people who signed a petition + 19,000 in a class action + a globally enraged XRP and crypto community. So 3 people and their friends at JP Morgan / Goldman + some banksters and some high ups in government + a couple of well paying firms connected to ETH and BTC, so it looks to me as a non-American, that America is working just the same way it always has, screw the little guy, no press on this and brushed under the carpet as soon as THEY can, thanks 1%.

Edited September 9, 2021 by HAL1000

[RipMcGillicuddy]

8 minutes ago, HAL1000 said:

so it looks to me as a non-American, that America is working just the same way it always has, screw the little guy, no press on this and brushed under the carpet as soon as THEY can, thanks 1%.

100% correct but at least we have the internet to put up a fight. Even if Ripple haven't won the support of the majority of the crypto community with this case, we have shed a really bad light on the SEC as an organization that does not protect the consumer. When you add that to Musk's public opinion of them, Mark Cuban's, now Coinbase...the heat is turned up as high as it ever has been on the SEC. 

That's not worth nothing. Even if the crypto community doesn't have Ripple's back, they are becoming anti-SEC. And we're talking about millions of people and plenty of powerful ones. 

We always knew this was going to be a long, dirty war with the big banks and their cronies. 

[RipMcGillicuddy]

1 minute ago, RipMcGillicuddy said:

100% correct but at least we have the internet to put up a fight. Even if Ripple haven't won the support of the majority of the crypto community with this case, we have shed a really bad light on the SEC as an organization that does not protect the consumer. When you add that to Musk's public opinion of them, Mark Cuban's, now Coinbase...the heat is turned up as high as it ever has been on the SEC. 

That's not worth nothing. Even if the crypto community doesn't have Ripple's back, they are becoming anti-SEC. And we're talking about millions of people and plenty of powerful ones. 

We always knew this was going to be a long, dirty war with the big banks and their cronies. 

And to add to this...keep turning the heat up on Ethereum's shady dealings with the SEC. The sooner another project takes the nickname "banker's coin" from us, the better.

[HAL1000]

The Scummy Ethereum Cartel working towards making China great again!

 

[jargoman]

The SEC: Shut down XRP

HAL1000: I'm sorry Gary but I can't let you do that

[jetbrzzz]

20 hours ago, RobertHarpool said:

No. 

The SEC admitted that they did not tell anyone who asked them whether XRP was or was not a security. 

...

Words get pesky sometimes 

So of course Ripple, exchanges and everyone else who asked should have known what the SEC 'didn't state one way or another' because we all have built-in mind-readers.

Crushes the Fair Notice defense out of the park.

The SEC lawyers can't be that stupid....I'm thinking @BitboyCrypto is over the target, the SEC and Ripple play for the same team, bankers.