👏Very informative and entertaining video. Federal Judge of S. District of NY wrote in her summary judgment ruling
👉“
#XRP the token, in of itself, is NOT a security”
What
@SECGov chair Gensler says publicly holds NO legal weight but👩⚖️Torres ruling does, it interpreted the LAW⚖️
Thanks,
@s_alderoty,
Good luck Gary on proving the
#Ripple Institutional Sales of
#XRP were made in the United States. Unlike the programmatic sales on exchanges, direct Institutional sales of XRP had to be sent over the
#XRPLedger and last time I checked, that’s not located in the US jurisdiction. As Grunfest says below 👇 in video of interview with Tony from
@thinkingcrypto a year ago, blockchains don’t exist in one jurisdiction and he explains the 2010 Supreme Court decision that for securities laws to apply they must be transacted in the United States.
SEC didn’t even attempt to prove that in case but you can bet in the Jury trial Ripple pushing on SEC to prove the sales transactions of XRP to institutional
