Cryptocurrency

Ripple gets partial win against SEC as XRP deemed not a security in some cases



Ripple got a partial win against the U.S. Securities and Exchange Commission in court as a judge ruled that XRP is not a security in some cases. CNBC’s Arjun Kharpal discusses what this means for Coinbase, which is currently in a legal battle with the SEC.

29 Comments

  1. angelo escourt

    Is the exchanges sole proprietors or registered with a company number is questions which was at the table of the SEC. You must pay fees to registers as an exchange and again an opportunity to regulate slip through the hands of the fed. Govt is the biggest problem because school leavers are place at red flag positions but they can't alert because they are not intellectually inclined to observe financial or economic danger. I said for the last few years that only exchanges will make money because they take real money but the trader sits with artificial money. That result I observe with FTX and SVB….I again going to focus your eyes on the main scheme which nobody observe up till now or did but is hiding it, take Ethereum provides the source code meaning token brothers and sisters are created. There's remains basically one coin and Etherium draws revenue from all these coins but it also know how to manipulate the source code by constant updating it and other coins will just follow trend., thinking that's how it should be. Trusting the update source code from a competitor/rival. People must legally publish which source code is presented and the source code must be independently created from blockchain. You cannot have a CBDC based on Etherium. I think USA fell already in that trap. No govt can put it's trust in a private individual/company to run it's currency especially from a foreign entity.. Who ever makes a coin must create it's source code as a standalone product. The cloud will not be secure.

  3. Pappa_Crypto

    Xrp is not ripple token 😅🤣 i need media to catch up with facts & when everyday citizens purchased xrp from exchanges the money didn’t go directly to ripple the money stayed with us lol. Come on now.

  6. Coach Leo

    Crypto is bringing a different revolution in the world economy.People who are optimistic investors earn consistently……… others will just sit and watch. Already making over $77,000 profits 🤗

  7. Mr. INTP

    Ripple won its case against the SEC. The corrupt SOB in the liberal media can spin it anyway they like but as the judge ruled XRP IS NOT A SECURITY and that gives clarity ultimately was the end game for Ripple.

    Take a good look folks, XRP is now being listed EVERYWHERE!!!

  16. John C

    This was not a partial win, it was a complete ass whippin' of the SEC. XRP is NOT a security!! The only thing, if you even want to call it a win for the SEC, is that on certain nonexempt institutional sales–that have been uncommon for years. Quit painting a shitty picture CNBC. Can't you guys in MSM (horrible jourlistitic paid for shmucks) even get this right?

  23. EVERY LAST BIT

    The XRP sales out side of exchanges mean jack shit , The lawsuit was about XRP as a security in general , oh by the way the rest of the world and big players could give a fuck less about this fake lawsuit , it is just smoke and Mirrors . The sec gives 2 shits about protecting retail that is not their job no matter how they spin it . If so ask the victims of Bernie Maddoff . the sec knew for years things were weird and did nothing

  24. msnthrpc88

    I love the "partial" win crap. They can't give it to them completely. Well, I'm sorry to tell you this piss-ant gensler, but they WON!!! The whole point was to get it declared a security, and that didn't happen. That's called a 100% WIN! Nothing partial about it. There were no real regulations concerning crypto so even the sale of XRP being securities isn't going to be that big of a deal. It's not as if they knew that because it's still not clear what's what with crypto, so they definitely won.

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