### RIPPLE WILL NOT BE DECLARED A SECURITY ###

Cause I'm educated on the subject, unlike brainlets like This

also this twitter.com/StanChart/status/1011132353249529856?s=19

Honestly after doing 2 hours of research CRP is going to overtake LTC and fall just behind DASH

*XRP

Please tell me you don't believe this! what part of the 4 does it not apply to?

>It is an investment of money
We use promissory notes, this is a lose definition
>There is an expectation of profits from the investment
Check forums ppl expect a profit
>The investment of money is in a common enterprise
Its a stated project with a stated goal...
>Any profit comes from the efforts of a promoter or third party
Thats us the speculators..

What part again?

What? Are you one of those brainlets that look at the price per Coin?

Yes ATM I want to buy a small house, since nobody is willing to trade a small house for cryptos yet look at the fiat price is very important to me even though I won't cashout everything.

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>brainlets
>Thinks he is educated
>Call ppl brainlets
>has never read the howey case....

Read the howey test Why are the younger generation getting so dumb?

1) Its open-source, decentralized technology that exists independent of Ripple
2) Buy XRP is not buying Ripple's shares
3) XRP is a utility used by companies to conduct secure and almost instantaneous cross-border payments

BTFO, fuck off with howey

1.every single projects out there is an ivestment for money
2.everyone put their money into every crypto projects expecting a profit, return from it.
3. Xrp was created before ripple and in the first place it doesnt mean for anything except for sending back and forth with fasster tx speed and fee than btc. Later on xrp was gifted to ripple labs.
4. If I shilled my shitcoins to y and y bought my bag with higher bags is that what y meant third party pormoter profit? every single projects out there fall into this category too.

You did not read the Howey case...

Found the Newfag!
Are you not familiar with the CFTC? The PoW claim in '15....Commodity = Work
ICO coins don't have Work so are under the SEC
Let me know if you want me to explain it.
t. i am not a mutt

> But the law says
I mean, if they really really want I'm sure they can declare it or undeclare it whatever the fuck they want.

>1.every single projects out there is an ivestment for money

Read about the CFTC as stated above

>2.everyone put their money into every crypto projects expecting a profit, return from it.

You really never have picked up a securities book have you. See securities are just worthless paper that ppl put a value on, hence why it needs to be regulated.

>3. Xrp was created before ripple and in the first place it doesnt mean for anything except for sending back and forth with fasster tx speed and fee than btc. Later on xrp was gifted to ripple labs.

Ripple still have ongoing ICOs....

>4. If I shilled my shitcoins to y and y bought my bag with higher bags is that what y meant third party pormoter profit? every single projects out there fall into this category too.

Look up the definition of a third party. basically a transaction between 2 ppl... a third comes along raises the price....

This is the hardest cope I've seen in the past two years.

I feel sorry you've been cursed with low IQ.
Do well and good will come onto you, poor boy.

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Nice job proving i am wrong.
pro tip you can't!
the ignorance of your arrogance...

wait... is it a security or not?
t.newfag

Brad knows now it's not a security, he wouldn't be shilling it publicly, get rekt retard.

Well i can't deny the fact most of the thing y said is corrected. I can only fix two thing is the ripple ico never happen if y talk about their distribution progress y can rea on the ripple website.
The second thing is there isnt any third party come along to rise the price of xrp as my understanding so what do y mean here?
The third thing xrp tokens itself isn't a useless number on a screen like a security paper.

it's all just a FUD, someone wants to accumulate cheap

Oh and also tks for the cftc read tips, it really did help me haha

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Cringe. Honestly pathetic cope.

cryptodisrupt.com/is-ripple-a-currency-or-a-commodity/?cn-reloaded=1

Move along.

this

Imagine banks trusting a company moving around their money. Or trust a swift upgrade? XRP is useless. Only way XRP would be useful is if they gave the US gov all their holdings and forced people to use it, but they won’t.

nice FUD retard it's already being tested and used

What if instead of trusting a company moving around their money they just buy the company and use the technology at the back end most of the time?!

I own 50k ripple mate. When shit booms ripple will reach $5-10 and I will be rich.

The howey test says yes, ALL ICO coins are
the CFTC controls the PoW coins...

Brad, i assume the CEO, its in their interest to let this go on for a long as possible. Believe a guy that has a conflict of interest or the Howey test......

>The second thing is there isnt any third party come along to rise the price of xrp as my understanding so what do y mean here?

a person or group besides the two primarily involved in a situation, especially a dispute.

you buy ripple off of someone else, a transaction. you used a exchange, the exchange is a third party to that contract.

Fuck like i want XRP, got out a while back, won't return

Look @ the '15 case about 'digital currencies' the CFTC won b/c it had (PoW) work making it a commodity....XRP is in the remit of the SEC as no work...

>>The second thing is there isnt any third party come along to rise the price of xrp as my understanding so what do y mean here?

Third Party. A generic legal term for any individual who does not have a direct connection with a legal transaction but who might be affected by it. A third-party beneficiary is an individual for whose benefit a contract is created even though that person is a stranger to both the agreement and the consideration.

then stop this security nonsense for fucks sake

Cool, I will stop, as long as your not going to debate me on securities law & we agree XRP is a security...
i am fuckin tied of you newfags thinkin you know something but can't prove it...i can & have
Your welcome...

DELUSIONAL CRIPPLE HOLDERS

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it's not you delusional retard by the howey test
every crypto could be considered a security
it doesn't matter what algo/consensus it uses.
XRP is completely separate from Ripple.
XRP was given to ripple, they are selling some, so what?
They never promises any profits from XRP.
They were selling it as a liquidity medium.

Got back to your LINK containment thread.

>every crypto could be considered a security
Not the PoW ones! they are under the CFTC!

I think you don't understand the CFTC vs. SEC! See POW coins require work to make them making them a commodity. ALSO, ICO coins are of 'sole benefit' making them securities. Anyone can make PoW coins

>XRP is completely separate from Ripple.
Not going to debate you on that, but it does not matter about ripple XRP is a unregistered security at this point.
>They never promises any profits from XRP.
You never read the Howey case....
>They were selling it as a liquidity medium.
You did not read the Howey case

>the Howey case
I'm reading the Wiki page rn... do you have another resource for info?

SEC vs CFTC their argument about centralization and algo differentiation is bullshit, BTC is now basically controlled by China with their majority of hashing power.

Ripple has been working with government for years now making sure the regulation is in place.
Ripple CEO publicly shills XRP as not a security.
Ripple CEO publicly calls out Coinbase to list XRP.

It's not a security, no matter how hard you are going to troll, it's not going to change.

consumer.findlaw.com/securities-law/what-is-the-howey-test.html

supreme.justia.com/cases/federal/us/328/293/case.html

The SEC made the case that even though it was not sold as security it still fit into the framework.... Thats why these XRP tards sayin it was not sold as... has ZERO relevance.

I am happy to be proven wrong....

In Howey, two Florida-based corporate defendants offered real estate contracts for tracts of land with citrus groves. The defendants offered buyers the option of leasing any purchased land back to the defendants, who would then tend to the land, and harvest, pool, and market the citrus. As most of the buyers were not farmers and did not have agricultural expertise, they were happy to lease the land back to the defendants.

The SEC sued the defendants over these transactions, claiming that they broke the law by not filing a securities registration statement. The Supreme Court, in issuing its decision finding that the defendants' leaseback agreement is a form of security, developed a landmark test for determining whether certain transactions are investment contracts (and thus subject to securities registration requirements). Under the Howey Test, a transaction is an investment contract if:

>SEC vs CFTC their argument about centralization and algo differentiation is bullshit, BTC is now basically controlled by China with their majority of hashing power.

Ok, the chinks control the hash power, work is still done....not sure why the CFTC would not control PoW coins. The real Satoshi probally knew security law hence why PoW coins avoid being a security...See the SEC vs. The CFTC is just a power struggle for more dept. funding.

>Ripple CEO publicly shills XRP as not a security.
he has a conflict of interest! why would you believe him?
just cause it is unregistered now, does not mean it will not be in the future. but as it stands right now, XRP is a unregistered security.

>Ok, the chinks control the hash power, work is still done....not sure why the CFTC would not control PoW coins. The real Satoshi probally knew security law hence why PoW coins avoid being a security...See the SEC vs. The CFTC is just a power struggle for more dept. funding.

work is still being done on XRP network without needed 2 gazillion watts of electricity
real satoshi knew = delusion

>he has a conflict of interest! why would you believe him?
>just cause it is unregistered now, does not mean it will not be in the future. but as it stands right now, XRP is a unregistered security.

because he already knows it's not going to be classified as a security

>work is still being done on XRP network without needed 2 gazillion watts of electricity

You don't know what work is......you are not looking any of this up, you are just basing this on your uninformed opinion. i have said multiple time about CFTC vs. security
ICO coins are of 'sole benefit' making them securities. Anyone can make PoW coins

Securities law was intruduced when we changed to fiat currency as regulation b/c ppl are trading paper that is backed by nothing. ie not commodities. money used to be a commodity as the gold had to be extracted from the ground requiring work. now 'money' is not a commodity but a security....

you truly are ignorant of your arrogance

All XRP holders will make it. It's not going be declared a security - it's a fact.

Notice how the SEC mentions SHITCOINS and not Ripple despite being the absolute altcoin King in crypto. They know the answer already.

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>Anyone can make PoW coins

The work is validating transactions.
Anyone can make XRP alike coins it's all open source you can create your own network with "ANY" coin,
all coins had 0 value in the beginning just as BTC once upon a time, only speculation on those coins brought the price to the current levels. I really don't see basis of your argument here.

XRP is already registered as a currency.

Your security delusion won't happen.

they are not mentioning it because ongoing trials with plebs claiming XRP is security when they bought high and sold low and lost like $400, pathetic.

ah, okay so, you don't have anything with a direct connection to XRP regarding the Howey test, correct?

ignore the larper, he does this every xrp thread

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>The work is validating transactions.
being this dumb, i hope you are trolling

No, just years of research
oh & this It the chairman of the SEC cnbc.com/video/2018/06/06/sec-chairman-on-investing-cryptocurrencies.html
start 2 min in

Holy fuck, thats me! sweet. No one has proven me wrong yet though..... still waiting for someone with actual knowledge to say how that is wrong!

Just b/c it is not a registered security today does not mean it might be registered in the future.

>POW coins require work to make them making them a commodity.

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The 'work' is open the crypto to 'mine it'
ICO coins are not mined. they are 'of sole benefit'.
pretty simple...how do you newfags think it works?
The mining is considered work by the CTFC...if not it would be a security & be under the remit of the SEC

>cnbc.com/video/2018/06/06/sec-chairman-on-investing-cryptocurrencies.html

he specifically mentions a "venture" and a "return". Ripple isn't a "venture" it is an established company and, from what I can tell, the only expected return in purchasing XRP is if the commodity (XRP) appreciates in value, not the company Ripple increasing in revenue. Please correct me if I am wrong.

>he doesn't even know that mining validates transactions on the network

That's the WORK you retard.

GTFO

because your argument is just your interpretation of the howey test
you just say vage things like
>investment of money
>expectation of profits
and everytime people call you out on your bullshit you say something like
>you clearly didnt read the howey test!, you dont understand it, my interpretation is the only valid!
you have to prove that it is going to be considered a security because the howey test, we dont have to prove shit, because you are doing loops on your own shit

better just let law experts discuss on the matter
>former sec defending xrp as a currency, not security
coindesk.com/former-sec-chair-represents-ripple-xrp-lawsuit/
>this agreement with the us treasury department implies xrp is a currency, not a security
medium.com/@coindelite/agreement-between-ripple-labs-and-the-us-treasury-department-defines-xrp-as-a-currency-not-a-588a6c127b27

It does not matter.
Ripple (and eos) not being securities was big since everybody thought that eth would be declared one.
Not that it's pretty clear that it will never happen, it's priced in.

every time this larper replies from now on I'm going to reply with your post, thanks

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>itt we pretend to be retards

I think, what it boils down to is, what the company (Ripple) does with the commodity (XRP). If Ripple uses XRP as a liquidity pool, to pull liquidity from to use for operating expenses (any expenses from, research and development to C-level bonuses to travel expenses, etc...) then it is a security.

Another crypto anarchist thinking we can get rid of the system, not happening, better to ride it out with governments or get rekt as "store of (declining) value" real world usage.

All these faggot XRP holders are in disbelief
ROFL

>disbelief
care to elaborate? disbelief in what?

You are using words, those words are colourable. See the US does not torture ppl they use 'enhanced interrogation... Its in the SEC interest to sue even if they don't win, more dept. funding + want to stay relevant, why do a IPO when you can do a ICO...

the work has to do with how the coin came to be...
example
Gold money (pre '30s) - was not of sole benefit, you could go mine some gold and it would go into the supply
fiat - comes from 1 place, of sole benefit

The transaction is not how the coin came into being...it was created before then...
Again, you are arguing something you don't understand or trollin

>you clearly didnt read the howey test!, you dont understand it, my interpretation is the only valid!
no, those ppl are sayin (generally) that XRP was NOT SOLD as a secuity just like the howey case....i am saying they howey test was made b/c the howey case was not sold as a security either. hence why a simple test was introduced.

I hope you see that the argument most are presenting about ICO coins being sold a X are the same are the howey case...the SEC won that one btw. It does not matter how it was sold, only the frame work

>coindesk.com/former-sec-chair-represents-ripple-xrp-lawsuit/
revolving door policics, hire someone who has connections to help the case. If it was so easy to argue why would they need 2 ex SEC ppl?

@ this point XRP is a unregistered security, it may be registered in the future it may not be. @ this point no one is correct about it being a security...as the case is yet to go ahead, we are merely speculating, but to flat out say it is not a security is just wrong!

that the old fags are correct about XRP....

>opinion
>opinion
>opinion
can you actually prove anything?
instead of comparing a promise of delivering somethign that works (ico) to a actual working product
>hurrr why would they need 2, why not one, why not half

Not a opinion that the SEC went after Howey for selling a security but not calling it that. the responses i get for the howey test are generally saying that the howey test does not apply b/c it was not sold as a security....

Please show me how i am wrong, i don't mind being wrong...

>It is an investment of money
We use promissory notes, this is a lose definition
>There is an expectation of profits from the investment
Check forums ppl expect a profit
>The investment of money is in a common enterprise
Its a stated project with a stated goal...
>Any profit comes from the efforts of a promoter or third party
Thats us the speculators/exchanges

I explained to you that both XRP and BTC came to be exactly 0 in value.
BTC uses mining, POW algo where transactions are confirmed and in return you get coins.
XRP creators (not Ripple) choose to make the coins available immediately.
Transactions on XRP network are validated using consensus algo. (work is still being done).

What does this have to do with anything, does this make one coin centralized and another not?
Does this make one coin security and another not? BTC is now more centralized than BTC,
because chinks are in control.

Yes I can spend a lot of money, purchasing ASICs and start mining BTC.
Yes I can spend a lot of USD to purchase XRP.

IT DOESN'T MATTER

The bottom line is you don't need gazillion watts of electricity to power and secure the network.

CTFC and SEC will get this at some point in time.

correct about what specifically ?

>Again with the howey loop of shit
You were proven wrong

>coin centralized
where are you getting that from? as being apart of the security/commodity debate?

>IT DOESN'T MATTER
it does, its already been desided! The CFTC won on the basis of Work, but not your definition. see the law society have their own language its called legalese, pick up a blacks law dictionary to find these definitions, Barrons banking dictionary is for bankers...
I do hope you are trolling...again example for you

Gold money (pre '30s) - was not of sole benefit, you could go mine some gold and it would go into the supply
fiat - comes from 1 place, of sole benefit

The transaction is not how the coin came into being...it was created before then...

See the SEC was set up to regulate paper that had nothing backin it up (fiat). The SEC was not needed back up commodities...they already have value

Where?

>See the SEC was set up to regulate paper that had nothing backin it up (fiat).
fiat currency and a security are two different things. Both are seemingly instruments of debt, however.

Sweet, well you got me on that one, but I was using these as examples! I don't know else how to explain it in simple terms to them. The gold (commodity) / fiat (of sole benefit) seamed like a good route to explain it in real worlds terms. Both are 'currencies' as these guys are trying to say

XRP is a security and you pathetic kike bag holders are getting JUST'd i cant wait for all your wojacks. you deserve to be poorfags

XRP is declared as currency by FinCEN, therefore can't be a security.

Not every ICO is a security.
Not every premined coin is a security.

>it does, its already been desided!
It doesn't, work is being done on the XRP network also.

I'm ending this discussion on my part, you are simple troll and it's not worth investing my time.

>by FinCEN
This is not a gov. Institution. Its not in fincens remit to make desitions that the public have to abide by...

I am not going on with you any more about the commodity ruling in '15, I am to lazy to find the ruling especially as you will likely not read it.....
Stay poor newfag

I found this in one of your links or in one of my own as a product of one of your links, this may be damning to Ripple. See, in the Howey case the XRP tokens are the oranges themselves.
>it being immaterial whether the shares in the enterprise are evidenced by formal certificates or by nominal interests in the physical assets employed in the enterprise.

And, this except found via the same means as above, seems to imply that the security is defined as "how" the company uses the instruments.

>It permits the fulfillment of the statutory purpose of compelling full and fair disclosure relative to the issuance of 'the many types of instruments that in our commercial world fall within the ordinary concept of a security.' H.Rep.No.85, 73rd Cong., 1st Sess., p. 11. It embodies a flexible rather than a static principle, one that is capable of adaptation to meet the countless and variable schemes devised by those who seek the use of the money of others on the promise of profits.
tl;dr...
>those who seek the use of the money of others on the promise of profits.

Like I said before, I think that it really depends on how the company Ripple has been using their supply of XRP. If they have used it for any operating expenses, then, it's a security. Although, here's a huge twist. The XRP token does not need the company Ripple to survive for it to be able to continue on. If Ripple the company were to become bankrupt tomorrow, the XRP token can potentially continue to exist and, even thrive as in appreciate in value.

Very well thought out! Thanks for the expiation it's been years since I have read some of those things! FYI I did not buy into ETH @ ICO cause it looked to close to a security.... My view on ETH has changed though, the PoW part of ETH makes it a arguable commodity. I still don't like that ETH was brought in through a ICO though....

The reality is no one knows yet what will be the out come will be in the end, we can all only speculate.... Best of luck user great to see someone DTOR!

Holy shit the absolute state of XRP bagholders.

Bought premined bags.
Claims it's not a security.
This shit will end in court and you will all be JUSTed.

Anyone have something to say about xrp0 (xrpzero) xrp hardfork?
I signed up for it xrpzero.com/signup/EORCFZS8EZ
(yes this is my refferallink) and got 20000 coins.
Now if someone can tell me if this is worth something?

idk m8 sth next to a piece of garbage