Popular Post HAL1000 Posted July 13 Popular Post Share Posted July 13 (edited) Edited July 13 by HAL1000 LittleLordFauntleroy, VanGogh, StellaBlueZerps and 9 others 5 7 Link to comment Share on other sites More sharing options...
HAL1000 Posted July 13 Author Share Posted July 13 VanGogh 1 Link to comment Share on other sites More sharing options...
HAL1000 Posted July 13 Author Share Posted July 13 VanGogh and woodman_73 2 Link to comment Share on other sites More sharing options...
HAL1000 Posted July 13 Author Share Posted July 13 VanGogh, DannyRipple and LittleLordFauntleroy 1 2 Link to comment Share on other sites More sharing options...
HAL1000 Posted July 13 Author Share Posted July 13 ..and don't meet the first prong of Howey. That's about $600 million. Ripple wins. 4. She does not adopt the "investment contracts require a contract" test (although in a weird way she does). Ripple loses that. 5. She does not allow the FND to proceed to trial. Ripple loses. 6. As expected, the individual Defendant's issues will go to trial. 7. She does NOT address secondary markets sales but, per this Order, MOST OF THE XRP OUT IN THE WORLD ARE NOT SECURITIES. And so, with a fungible token, it's not logically possible.... ...that any one XRP token is inherently a security. Therefore, secondary market sales are not unlawful sales (tell me if you disagree). In Conclusion, congratulations to you. Ripple will appeal (probably). But it will absolutely survive. This is what I love about the law. The Judge arrived about where we thought and hoped, but she took a different route than expected. Thanks for going on this journey with me! PunishmentOfLuxury, VanGogh and woodman_73 3 Link to comment Share on other sites More sharing options...
HAL1000 Posted July 13 Author Share Posted July 13 woodman_73, PunishmentOfLuxury and VanGogh 3 Link to comment Share on other sites More sharing options...
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HAL1000 Posted July 13 Author Share Posted July 13 BANK MONEY woodman_73 and VanGogh 2 Link to comment Share on other sites More sharing options...
HAL1000 Posted July 13 Author Share Posted July 13 VanGogh, Wolfparty and woodman_73 3 Link to comment Share on other sites More sharing options...
HAL1000 Posted July 13 Author Share Posted July 13 (edited) Huge Congratulations are in order to a lot of people who fought this long hard battle against the SEC. 1. @Ripple @bgarlinghouse and @chrislarsensf for refusing to give the bully their lunch money. It is impossible for people who haven't been through something like this to fully understand the psychological toll it takes. 2. Ripple General Counsel @s_alderoty for resolutely coordinating the defense. 3. All of the Lawyers for the defendants, @Debevoise @PaulWeissLLP @ClearyGottlieb . This is a landmark ruling and a career capping achievement. 4. @JohnEDeaton1 fighting in the trenches (without pay) for the #XRPArmy all the way. Makes his fellow Marines proud. Devil Dog, through and through. 5. Brad Kimes @DigPerspectives for never giving up, never losing his enthusiasm. 6. And many, many more in the #XRPCommunity who proved they would never give up even when they had no allies in the greater crypto community. Edited July 13 by HAL1000 VanGogh and Wolfparty 2 Link to comment Share on other sites More sharing options...
HAL1000 Posted July 13 Author Share Posted July 13 VanGogh and Wolfparty 2 Link to comment Share on other sites More sharing options...
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VanHasen Posted July 13 Share Posted July 13 Danny, Zerosh, PlanK and 6 others 4 1 4 Link to comment Share on other sites More sharing options...
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jag216 Posted July 13 Share Posted July 13 Where's Max Entropy? Gazelle77, VanGogh and at3n 3 Link to comment Share on other sites More sharing options...
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