In the Pre-motion Letter to Judge Torres we state:
Today’s XRP is a Government Recognized Form of Currency and is Utilized
by XRP Holders Completely Independent of Ripple or its Executives
If allowed to intervene, XRP Holders will demonstrate to the Court that XRP is used
Today’s XRP is a Government Recognized Form of Currency and is Utilized
by XRP Holders Completely Independent of Ripple or its Executives
If allowed to intervene, XRP Holders will demonstrate to the Court that XRP is used
around the world and in the United States as currency. Six years ago, the Financial Crimes
Enforcement Network (“FinCEN”) entered into an agreement with Ripple that XRP would be considered virtual currency and its use would be registered exclusively with FinCEN, not the SEC.
Enforcement Network (“FinCEN”) entered into an agreement with Ripple that XRP would be considered virtual currency and its use would be registered exclusively with FinCEN, not the SEC.
Afterwards, foreign nations started agreeing with the U.S. Government’s 2015 currency
classification of XRP, and Japan, Switzerland, the U.K. and the UAE all declared XRP as non-
securities. Since that 2015 designation as virtual currency, the use cases of XRP have exploded.
classification of XRP, and Japan, Switzerland, the U.K. and the UAE all declared XRP as non-
securities. Since that 2015 designation as virtual currency, the use cases of XRP have exploded.
The following are only a few examples of how XRP Holders utilize XRP without Ripple’s
knowledge or input:
XRP Holders use an Uphold XRP debit card to buy everyday items at Walmart, Amazon, and Target; XRP is accepted as a currency to pay for goods and services at
over a
knowledge or input:
XRP Holders use an Uphold XRP debit card to buy everyday items at Walmart, Amazon, and Target; XRP is accepted as a currency to pay for goods and services at
over a
thousand businesses; XRP is used to move money from the U.S. to Africa, Mexico,
Thailand, Brazil, the Philippines and all of Asia; XRP is used as payroll currency by multiple
companies; XRP Holders use their XRP as collateral for loans or to earn interest; the XRP ledger
Thailand, Brazil, the Philippines and all of Asia; XRP is used as payroll currency by multiple
companies; XRP Holders use their XRP as collateral for loans or to earn interest; the XRP ledger
(XRPL) hosts more than 5,000 different ledgers and all can transfer value between them utilizing XRP; XRP is used to purchase gold and silver online; XRP is used to purchase cars at
dealerships; and there are literally hundreds of developers utilizing XRP and the XRPL and
dealerships; and there are literally hundreds of developers utilizing XRP and the XRPL and
the vast majority of these developers have never had any contact with Ripple or its executives. XRP Holders’ interests in this action are not adequately represented by the existing parties and absent intervention the disposition of this case may impede their ability to protect
their interests. XRP Holders’ intervention is timely, will cause no delay and intervention will not
prejudice the exiting parties.
Obviously there are other things in our letter like the law as it exists to intervention, etc. But above is the conclusion.
prejudice the exiting parties.
Obviously there are other things in our letter like the law as it exists to intervention, etc. But above is the conclusion.
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