What does the ruling in the SEC vs. Ripple et al case mean for retail holders of XRP?

There is excitement in the community after the news broke yesterday.

However, there is a key element that has not been widely discussed.

A 🧵🪡 on what the ruling means for the XRP Escrow. It is well known within the #XRPCommunity that nearly half of the supply of XRP is locked up in a cryptographic-controlled escrow.

For some of that supply, it’s been theorized that Ripple has engaged in option agreements with financial institutions to sell them XRP

#XRPCommumity

After processing the significance of the “Hinman Disclosures,” in my opinion the @SECGov’s case against @Ripple has collapsed in plain view of the entire world as there was no legal basis to bring the case. To the contrary, the @SECGov’s own internal view (based on reasoned analysis and memoranda) was that #XRP was not a security. This is consistent with the pre-lawsuit analysis of @ValhilCapital, @giancarloMKTS, @FinCEN_nUSA/@TheJusticeDept (XRP is a “virtual currency”) and others