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Ripple vs SEC Lawsuit Update

Daily XRP News

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11 Comments

  1. The only way i can see a way forward to distributing cryptocurrencies and it not being a security is to start them with a reserve asset then pull the backing away like the government did with the US dollar….. These assholes distributed the paper because it was "As Good As Gold" then they rip the backing away and claim it's okay for their security to be a currency and you arent holding dollars because "you have faith in the government and are benefiting from the expectations of the government" The only reason the dollar isn't a security is because you dont benefit, you get the raw banana right up the poop pipe.

  2. Ahhh Sam – unabashedly candid – don't think you will be getting an invite to SWELL! But there is one thing that really has me puzzled – how can so called Americans sell out their country to the CCP. I suppose blackmail is a powerful tool for those that don't have any morals! Keep up your work!

  3. People. He did the work to show you the documents. Chill. He’s reporting the facts with Only Sam’s questions. Wouldn’t you

  4. I think the point of including De Beers and diamonds is being missed – it is not the same as Exxon. In addition to natural diamonds, De Beers manufactures/mints/cultures diamonds through technology – synthetic diamonds. The commodity creation argument is undermined (pun). Like many, I expected the oil comparison, but DeBeers and diamonds is genius.

  5. Ripple accusing the SEC of not understanding the Howey Test keeps these procedures from getting too serious, keeps things lighthearted

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