July 14: SEC v. Ripple: What the Hell Happened
Daily Crypto News14 Heinä 2023

July 14: SEC v. Ripple: What the Hell Happened

Today in Daily Web 3 News:


In the July 13 order by the US District Court, Southern District of New York, several key points were addressed regarding the case. The court stated that XRP sales in which buyers directly purchased from Ripple constituted sales of securities, amounting to $728 million. The court concluded that Ripple's Programmatic Sales of XRP did not constitute the offer and sale of investment contracts. However, the individual defendants, Garlinghouse and Larsen, will proceed to trial. The court considered the economic reality and totality of circumstances to determine whether the Howey Test was satisfied. The order does not address secondary market sales, implying that most XRP tokens already in circulation are not considered securities. The court's reasoning and interpretation of the Howey test have been subject to debate, but overall, the order provides insights into the ongoing legal battle between Ripple and the SEC.


#Ripple #SEC #XRP #HoweyTest #Cryptocurrency #LegalBattle

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News Links 👇

https://docs.google.com/document/d/1q-PLNa5UWUr7Lik6u0ZSQaIxjaxD-yCrI-GUswf-jfo/edit?usp=sharing

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***NOT FINANCIAL, LEGAL, OR TAX ADVICE! JUST OPINION! I AM NOT AN EXPERT! I DO NOT GUARANTEE A PARTICULAR OUTCOME I HAVE NO INSIDE KNOWLEDGE! YOU NEED TO DO YOUR OWN RESEARCH AND MAKE YOUR OWN DECISIONS! THIS IS JUST EDUCATION & ENTERTAINMENT!


©Copyright 2023 Matthew Aaron Podcasts LLC


Daily Bitcoin, Ethereum, & Crypto News!


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Nov 29: Charlie Munger Dead, BUSD Delisted, Philippines SEC Blocks Binance

Nov 29: Charlie Munger Dead, BUSD Delisted, Philippines SEC Blocks Binance

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29 Marras 20238min

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28 Marras 202311min

Nov 27: We Are Back Tomorrow

Nov 27: We Are Back Tomorrow

Hosted on Acast. See acast.com/privacy for more information.

27 Marras 202336s

Nov 20: Happy Thanksgiving

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Happy Thanksgiving & Happy Hodling, everyone!***NOT FINANCIAL, LEGAL, OR TAX ADVICE! JUST OPINION! I AM NOT AN EXPERT! I DO NOT GUARANTEE A PARTICULAR OUTCOME I HAVE NO INSIDE KNOWLEDGE! YOU NEED TO DO YOUR OWN RESEARCH AND MAKE YOUR OWN DECISIONS! THIS IS JUST EDUCATION & ENTERTAINMENT!©Copyright 2023 Matthew Aaron Podcasts LLCDaily Bitcoin, Ethereum, & Crypto News!Hosted on Acast. See acast.com/privacy for more information. Hosted on Acast. See acast.com/privacy for more information.

20 Marras 202332s

Nov 17: Pain in the Markets, Asia Focus

Nov 17: Pain in the Markets, Asia Focus

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Nov 16: BlackRock's Files Ethereum Spot ETF with SEC

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16 Marras 20238min

Nov 15: McCourt's Take on Cryptos and NFTs, GPT-5 Development Roadmap, Tornado Cash Appeal, NFT Rug Pulls

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15 Marras 202313min

Nov 14: Mixed Market Signals

Nov 14: Mixed Market Signals

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