Mason Versluis1.5 Million+ Creator, Founder, Investor

XRP WINS AGAIN IN COURT AGAINST SEC!

Name: XRP WINS AGAIN IN COURT AGAINST SEC!
Uploaded: 2023-10-04T23:05:40+00:00
Duration: 52 s
Channel: Mason Versluis
Description: In this commentary, the speaker reports that XRP’s price surged approximately 6% following a judge’s denial of the SEC’s motion to appeal the earlier…

4 Oct 2023 · 1 min

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In this commentary, the speaker reports that XRP’s price surged approximately 6% following a judge’s denial of the SEC’s motion to appeal the earlier Ripple decision. The ruling reaffirms that XRP is not a security, except for certain investment contracts that Ripple issued. The speaker emphasizes that XRP sold by executives, on exchanges, or to retail investors does not qualify as a security, and the SEC’s attempt to overturn this outcome has been thwarted by the court’s decision.

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And just like that, the XRP price is spiking by 6% after the judge has just denied the SEC's motion to appeal the Ripple decision in court. So what this means is they cannot appeal, they can't try to change the decision because the decision was made and it is clear XRP is not a security. Once again, to remind you, there was only one way that the SEC caught Ripple on being able to call XRP a security, and that was through the investment contracts that Ripple was putting out. All XRP that was dumped by executives or sold on exchanges and by retail are not securities, and they're trying desperately to change that, and they cannot because Ripple actually slaughtered them in court.