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!


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Oct 19: EU MICA 2.0, Chainalysis Terrorism Financing, Tesla’s BTC

Oct 19: EU MICA 2.0, Chainalysis Terrorism Financing, Tesla’s BTC

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19 Loka 20235min

Oct 18: Boson Protocol w/ Justin Banon & Daily Crypto News

Oct 18: Boson Protocol w/ Justin Banon & Daily Crypto News

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Oct 17: Binance US Withdraws FDIC Insurance, FTX Creditors May Receive 90%, BlackRock Fake ETF, Binance UK

Oct 17: Binance US Withdraws FDIC Insurance, FTX Creditors May Receive 90%, BlackRock Fake ETF, Binance UK

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17 Loka 20237min

Oct 16: SBF's Meds Defense, MetaMask's Removal, ETH Staking, GBTC Discount

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Oct 13: SK’s VA Market, HK’s JPEX, XRP in Singapore, Space Force's AI Security Concerns

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13 Loka 20239min

Oct 12: False BTC Uncorrelated Narrative

Oct 12: False BTC Uncorrelated Narrative

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12 Loka 202310min

Oct 11: Coins.ph-Circle, BCH Liquidity, Tamagotchi, AI Energy, McRib Bitcoin Impact

Oct 11: Coins.ph-Circle, BCH Liquidity, Tamagotchi, AI Energy, McRib Bitcoin Impact

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11 Loka 202311min

Oct 10: Hamas Crypto, Binance's IRI, Gemini Expansion, Bitcoin Ordinals Hack

Oct 10: Hamas Crypto, Binance's IRI, Gemini Expansion, Bitcoin Ordinals Hack

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