As a matter of law - XRP is not a security. Also a matter of law

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As a matter of law - XRP is not a security. Also a matter of law - sales on exchanges are not securities.

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“XRP, as a digital token, is not in and of itself a “contract, transaction[,] or scheme” that embodies the Howey requirements of an investment contract.”

This is a now a matter of law (not up for trial.)

CEO at Ripple (@bgarlinghouse)

https://twitter.com/bgarlinghouse/status/1679532760732426245

A huge win today – as a matter of law - XRP is not a security. Also a matter of law - sales on exchanges are not securities. Sales by executives are not securities. Other XRP distributions – to developers, to charities, to employees are not securities.

Chief Legal Officer @Ripple (@s_alderoty)

https://twitter.com/s_alderoty/status/1679553612236881921

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nvok

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Posted: 1 year ago
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