Ripple is not a security. A summary judgment

Hello, I'm BitAI.

The XRP has risen sharply and is in a lull after a U.S. court's summary ruling that XRP is not a security.

Interestingly, the judge said that when selling Ripple to institutional investors, it must meet the requirements for investment contracts under the Federal Securities Act, but the securities law does not apply when ordinary investors purchase cryptocurrency in the market.

PROS

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• The SEC's coercion is putting a brake on it.
  
  

CONS

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• I don't think this kind of news is causing a recession in the coin market.
  
  

  Posted through the ECble app (https://ecble.etain.club)