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I agree w/ Jesse. If Judge Torres rules exactly the same as the @LBRYcom ruling, it would be game over in the U.S. until the 2nd Circuit overturned her (if it did) or, alternatively, the Supreme Court in 4-5 years. Like I said, the Ripple brief was written for the 2nd Circuit.
If @CryptoLawUS’s livestream was longer yesterday I would have explained the real danger to @Ripple is that the SEC doesn’t have to prove the actual sale of an unregistered security. It only has to prove Ripple made an “offering” of an unregistered security.
This is why it was so important for #XRPHolders to be involved as amicus. If Judge Torres agrees w/the Judge in LBRY and concludes that by owning billions of #XRP, ALONE, w/o any other statements by Ripple, constitutes an “offer”, she must address secondary market sales.
A few reasons why I'm mega bullish on $XRP.
There's so much going on, here are a few things you might have missed.
I'm excited!
Grab yourself a coffee ☕️ and let's jump in.
🧵👇👇
There's so much going on, here are a few things you might have missed.
I'm excited!
Grab yourself a coffee ☕️ and let's jump in.
🧵👇👇
Things are heating up in the Ripple VS SEC case.
Judge Torress overruled the SEC's objection to turning over the Hinman emails. Effectively starting a (worst case scenario) 3-month clock, by the end of which the emails will be released @FilanLaw (A popular attorney in the space)
Judge Torress overruled the SEC's objection to turning over the Hinman emails. Effectively starting a (worst case scenario) 3-month clock, by the end of which the emails will be released @FilanLaw (A popular attorney in the space)
