globetrotter on Nostr: When Ripple sold XRP to regular investors via exchanges, those sales were not sales ...
When Ripple sold XRP to regular investors via exchanges, those sales were not sales of securities, the Court ruled, because buyers did not know where their money was going, and thus could not reasonably expect that profits would be derived from the “entrepreneurial or managerial efforts of others,” the 3rd prong of the Howey test.
#xrp #plebchain
Published at
2023-07-14 10:53:11Event JSON
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"pubkey": "9c177ac522fb2c4664432df876eff645dc858b9f219ac2bbbf86d1bc5083895e",
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"content": "When Ripple sold XRP to regular investors via exchanges, those sales were not sales of securities, the Court ruled, because buyers did not know where their money was going, and thus could not reasonably expect that profits would be derived from the “entrepreneurial or managerial efforts of others,” the 3rd prong of the Howey test.\n#xrp #plebchain\nhttps://us-southeast-1.linodeobjects.com/dufflepud/uploads/d08ee197-e150-4895-b1c8-252fe7ce4057.png",
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