ogc163
Superstar
oh, do you need your hand held on this, beloved?
xrp sold on exchanges are NOT securities. there is no investment contract between the buyers of the digital asset and ripple on those platforms. distributions to developers, compensation to employees, etc. also NOT securities. this coming at a time when the sec has been going at exchanges, and claiming random coins they offer are securities without any actual explanation about how or why they deem them as such.
however, the judge did rule that xrp sold to institutional investors straight from ripple itself are considered securities.
1) You crypto bros so thirsty for a w that a judge holding that XRP is a security in some cases and not in others is a "bytch slap".
2) This decision will likely get appealed given that providing greater protection to institutional investors over retail investors goes against the regulatory and legal framework of securities law.
But you crypto bros so desperate that you've hyped this shyt up crazy