Ripple Ruling Rejected (XRP)
Learn to buy anonymous Bitcoin:
https://www.bitcoinuniversity.com/courses/76599-the-ultimate-guide-to-bitcoin
In this video, I discuss how a district court judge in the SEC vs Terraform Labs case has rejected Judge Torres' tortured application of the Howey Test in her Ripple ruling-- in which she sought to protect institutional investors, while throwing retail investors to the wolves.
This is definitely bad news for Ripple and XRP, and we will continue to see the repercussions in future rulings.
Meanwhile, all crypto, all fiat, all assets will continue to depreciate against Bitcoin, the apex predator of money-- and this will happen regardless of what politicians, judges, regulators have to say or think about Bitcoin.
Not investment advice! Consult a financial advisor.
XRP Army Rejoices (Ripple):
https://www.youtube.com/watch?v=E10Dvz1wDxs&ab_channel=BitcoinUniversity
Judge slams Ripple decision in SEC's case against Terraform Labs:
https://www.theblock.co/post/242381/judge-slams-ripple-decision-in-secs-case-against-terraform-labs
SEC Says XRP Ruling Was Wrong, Signals It Will Appeal:
https://www.wsj.com/livecoverage/stock-market-today-dow-jones-07-21-2023/card/sec-says-xrp-ruling-was-wrong-signals-it-will-appeal-oCqi2N05kHNT7MqOkDev
Judge Rakoff opinion and order:
https://storage.courtlistener.com/recap/gov.uscourts.nysd.594150/gov.uscourts.nysd.594150.51.0.pdf
Howey was intended to protect retail:
https://twitter.com/BryanJacoutot/status/1682803422356025344
Crypto influencers fleeing US:
https://twitter.com/Pledditor/status/1686771734681116673
I am not being paid or otherwise compensated by any company or cryptocurrency project that I mention in my videos. My opinion is not for sale. Please do not contact me with any affiliate or advertising deals.
#ripple
#sec
#bitcoin
Disclaimer
Neither Bitcoin University, nor any of its directors, officers, shareholders, personnel, representatives, agents, or independent contractors (collectively, the “Operator Parties”) are licensed financial advisors, registered investment advisors, or registered broker-dealers. None of the Operator Parties are providing investment, financial, legal, or tax advice, and nothing in this video, on this YouTube channel, or at www.Trader.University or www.BitcoinUniversity.com (henceforth, “the Sites”) should be construed as such by you. This video, channel, and the Sites should be used as educational tools only and are not replacements for professional investment advice. Trading or investing in new and volatile assets like Bitcoin can be risky.
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