In this video, I discuss the recent development where the judge denied the SEC’s motion to appeal the Ripple XRP case. This decision is monumental not just for XRP holders but for the entire crypto space. The judge’s decision reaffirms that XRP is not a security, setting a precedent that affects other cryptocurrencies as well. It’s important to note that the SEC’s arguments would have implications beyond XRP, potentially classifying various items like Pokémon cards and stamps as securities, which is clearly absurd.
Furthermore, I highlight the ongoing Coinbase-SEC case and the support it’s receiving from various amicus briefs filed by organizations like the Chamber of Digital Commerce and a16z Crypto, demonstrating the broader crypto community’s united front against regulatory overreach. This decision is a significant victory for crypto, and it’s essential for everyone in the space to stay humble and focused as we navigate these legal battles. Subscribe for more timely crypto news updates, and hit the like button to support the channel.
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*The above video references an opinion and is for news/information and entertainment purposes only. It is not intended to be investment advice, financial advice, or any solicitation, recommendation, endorsement, or offer that you buy or sell any cryptocurrency or securities. Trading in cryptocurrencies and securities is a high risk activity involving risk of loss so please seek a duly licensed professional for investment or financial advice. The information provided on this video should not be used to make any investment or financial decisions without consulting your financial or investment advisor. This video contains my opinion only and is not intended to cause harm or defame anyone or any entity.
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