Security FUD BTFO, accumulate.
XRP is not a SECURITY
Cameron Cooper
Liam Martin
OP your a fuckin tard. Look up the Howey test, provided below
>It is an investment of money
This is a lose definition, we use promissory notes as 'money'
>There is an expectation of profits from the investment
Check internet forums, ppl expect a profit from form the purchase
>The investment of money is in a common enterprise
its a project with a stated goal
>Any profit comes from the efforts of a promoter or third party
thats us the speculators
Let me know if you want me to explain it to you, you will obviously believe anyone off the internet, but i can prove it to you!
Jeremiah Powell
>your a fuckin tard
Hudson Sullivan
you are a fuckin tard
who cares i typed it up quick time, fuck off my point is still way vaild!
Nathan Watson
Ripple never sold XRP as investment to anyone you fucking retard.
Liam Harris
It does not matter if it was sold as! The product fits the Howey test! Meaning it is a unregistered security! Did you read about the Howey case? In Howey it was also not sold as a security, the SEC stepped in. It was ruled a security!
Don't call me a retard at least i can look up information!
Please read this, come back ask me more, i can provide more answers.
consumer.findlaw.com
Eli Cook
Brainlet, again:
1) XRP was created before Ripple, if Ripple disappears XRP and ledger are unaffected.
2) Ripple never sold or advertised XRP as an investment opportunity of any kind.
3) Ripple want's to utilize XRP in a liquidity solution in cross border payments.
Clearly a utility coin.
Jayden Miller
I can tell you did not look @ the Howey case.
>1) XRP was created before Ripple, if Ripple disappears XRP and ledger are unaffected.
XRP will still be a unregistered security
>2) Ripple never sold or advertised XRP as an investment opportunity of any kind.
Read the Howey Case
>3) Ripple want's to utilize XRP in a liquidity solution in cross border payments.
You mean a security
Evidence the Chairman of SEC doesn't care about your definition of 'utility coin'
cnbc.com
Start @ 2 min in. i doubt you can watch a whole 15 min video
I was studying Law/banking/securities before 2008. I did not buy ETH @ ICO as it looked like a security, the only reason why it can argued its not a security is a lot of tokens are PoW.
I can tell by your simplistic view you have no clue, quit having such arrogance of your ignorance.
Jackson Ward
I guess we will need to wait out for the ongoing trails / SEC to conclude about all of this.
Ripple themselves said it multiple times, it's not a security, they are working with SEC for numerous years.
Jace Evans
I know ripple have said its not a security, but it in their own interest to let this play out as long as possible!
> they are working with SEC for numerous years
but still it remains unregistered....
Please inform the rest of this board, you guys are awful to deal with i nearly did not explain myself. I hope I have made my case. If i am wrong thats fine, but show me why, I have shown you my evidence.
I hope you know that the SEC unsuccessfully argued that BTC was a security, but your to new to know that. The CFTC controls BTC, b/c its PoW!!!!!!! It is a struggle between gov. depts. for more funding.
*MY Opinion* Satoshi knew securities law, that is why BTC ended up in the CFTC hands & not the SEC!
Josiah Parker
So according to this, the howey test would declare all cryptocurrencies securities?
>It is an investment of money
Loose definition I agree with here, as a purchase of anything could be seen as an investment of money. E.g. buying a banana
>There is an expectation of profits from the investment
Same could be applied for Bitcoin. There is an intended purpose or utility, but people still expect the price to change (which they hope they can profit off of)
>The investment of money is in a common enterprise
When you buy XRP, you're not buying a part of the company Ripple. The company Ripple just use the XRP token in their products. Just like when you buy ETH, you're not buying a part of the EEA, or any companies which use the ETH as part of their business.
>Any profit comes from the efforts of a promoter or third party
There may be a correlation between the Ripple company's success and XRP price, as the ecosystem is being utilised more. There are other factors at play here as well. BTC price has increased all these years from utility as well, it's the exact same scenario.
Asher White
this
Isaiah Anderson
>the howey test would declare all cryptocurrencies securities
NO, PoW coins are not!
Copy pasta from above
I hope you know that the SEC unsuccessfully argued that BTC was a security, but your to new to know that. The CFTC controls BTC, b/c its PoW!!!!!!! It is a struggle between gov. depts. for more funding.
additionally,
See all words are colourable, meaning lacking in reality. The US does not torture ppl, it uses 'enhanced interrogation'.
Words can & do get changed. The law society has their own words, its called legalese. These words look like english words but have a different meaning, any law fag that says this does not matter is a ambulance chasing tier.
What i am sayin is you use one definition, i use another, if its close the SEC will have a go. they get more funding that way. But seriously have a look into the laws and cases, changing IPO to ICO does not mean that it is not a security any more.
Alexander Russell
>The CFTC controls BTC
CFTC is the U.S. COMMODITY FUTURES TRADING COMMISSION btw, The CFTC successfully argued that BTC is a commodity as it takes WORK to make it. SEC BTFO
oh, & i am not a mutt
Ethan Lee
The consensus algorithm doesn't make a difference to what the asset type is. At the end of the day, an LED TV, LCD TV, Plasma TV are still TVs. A small part of the technology really doesn't change this.
A SEC official already stated that BTC and ETH were not securities. This stands by my previous post in (I'm now on my PC, as I wrote that post on my phone whilst having a shit).
This probably isn't an official SEC statement, so we will have to wait a bit longer to see what the verdict on cryptocurrencies and tokens are.
Aiden Brooks
Another part of the securities regulation is 'of sole benefit'
So cause ETH is not of sole benefit, i.e anyone can make a token, the tokens were not central made and sold for a profit by one beneficiary
>A SEC official already stated that BTC and ETH were not securities.
I know but this is still not the official stance, as you said.
as you can see from above, i don't see ETH as a security, but it did start that way, so the SEC might try to say so, just for the budget increase & power.... probably worth a try on the SEC part...
Jacob Powell
Xlm isn't a security so wouldn't think xrp is. Ny regulators already weighed in on xlm.
Tyler Taylor
>signed an agreement with fincen
?????
Isaiah Collins
according to this definition everything that can be traded is a security
Mason Sanders
>Ny regulators already weighed in on xlm
Sweet user, did not see this. I will have to see if i can find more details. possibly why XLM has been given away....Not of sole use then, maybe the niggers saved XLM....
But the SEC is the federal branch, federal & state don't see eye to eye often. Again, more funding for the dept. I can't imagine the SEC letting this go...The SEC has to stay relevant, get more funding.
Connor Hernandez
See
Just read the thread basically
Cameron Thomas
Gavin Wilson
Xlm is more of a currency, like btc in some sense, and likely why.
Colton Jones
The SEC will argue that ICO part makes it a security...but good view, but please see PoW coins are here to stay
Jace Brooks
Basically, the SEC will find only crypto-based securities are securities. That is things such as TaaS, Modum and all those exchange based tokens
Jeremiah Smith
See
(You)
(You)
(You)
Just read the thread basically
Carson Brooks
this
op is a fag
Leo Edwards
bump for visibility!
Please read the whole thread! ffs
Agreed, OP is a Fucking Awesome Guy
Eli Perez
bump
Kayden Carter
the newfags don't know this information but argue anyway /thread
Last bump for newfag visibility
please read the whole thing, most of the comments are repeats
Jackson Campbell
it actually is a security tho. and subsequently all of the kikes buying this shit are going to get burned and most likely kill themselves.
im loving this timeline
Zachary Butler
sec has already come out to state that the only shit that will be labeled as a security are ICO's
Jeremiah Rivera
It a CURRENCY
It marketed and used as CURRENCY
Your HIV test pathetic
Adrian Rodriguez
look here nigger
xrp WAS a security in the beginning, but now since it has a utility with ripple it is no longer a security
go read a book published after 2008 grandpa
Sebastian Collins
>used
kek
Isaac Flores
please look at the Howey case, the info is already in this thread, as it says in that thread you linked. You did not look at the howey case or you would not say what you said, i even provided a link ffs
securites law have been around since '33, your utility definition is just this , watch the video in this
Wyatt Jackson
Henry Scott
NOBODY CARES ABOUT THE SEC
Carson Cox
HI newfag
Jack Morgan
you americucks are delusional
Hunter Lopez
See
i hate repeating myself, i pre-empted this. ffs
Nolan Campbell
XRP is not a security, but it's a centralized piece of shit
Noah Wright
Who cares, its never pumping again anyway
Grayson Johnson
let me explain your delusion
>SEC and their global jurisdiction
John Parker
Can you guys ppl read the thread ffs
When the fuck did i say it was global???? don't assume!
Ethan Mitchell
>calls user newfag
>is newfag
you got a lot to learn about who controls this market
hint: it's not america
Leo Butler
Not going to expain it, you know everything! No need, BYE
Gabriel White
>ETH isn't a security
>Doesn't pump
>XRP isn't a security
>????
fill in the gap
then ask yourself why
Ethan Reed
>XRP is the only coin where this could be considered an insult
Me looked at this and NOTHING, absolutely nothing about XRP makes it security. Me have no clue what you thinking. The only point you have is people bought XRP with expectations of profit. But...
>To deal with these charades, courts look at the economic realities behind an investment scheme, rather than at its name or form, to determine whether it is a security.
The reality behind XRP is it a currency used for settlements of bank transactions.
YOU are the one trying for twist XRP into being a security.
The pure reality of XRP is it's a currency in the strictest sense!!!!
Caleb Scott
Currencies don't need ICOs....
Does XRP fit into Does the SEC care about what way its marketed?
NO, they don't, read the Howey case!
>To deal with these charades, courts look at the economic realities behind an investment scheme, rather than at its name or form, to determine whether it is a security.
I think its easy to prove most are buying XRP as an investment, not many transitions. lots of post about it rising in value.
>Me looked at this and NOTHING
you need to read this thread a bit closer...
Jaxson Barnes
>i think its easy to prove most are buying XRP as an investment
It doesn't matter what you think, or why people are buying XRP.
You are under mistaken idea that every investment is a security.
You plain wrong. You not even reading your own article well.
Parker Fisher
>(ID: urAHbV33)
>22 posts by this ID
>50 posts total
it is obvious that someone is paying this guy to talk trash or there is a hidden interest
Camden Perry
Ripple CEO Bashes Bitcoin
Brad Garlinghouse, Ripple CEO, answered candidly during an interview about crypto’s prospects for the future. Among other criticisms, he stressed blockchain technology is mostly hype, and that bitcoin core (BTC) is controlled by Chinese miners and has no hope of being a world currency.
An under-reported story, Ripple’s CEO insisted, is how BTC is “owned by China.” He noted, “The smartest thing you’ve done is not have ‘bit’ or ‘coin’ in your name. I’ll tell you another story that is underreported, but worth paying attention to. Bitcoin is really controlled by China. There are four miners in China that control over 50% of Bitcoin. How do we know that China won’t intervene? How many countries want to use a Chinese-controlled currency? It’s just not going to happen.”
Bentley Young
bitinfocharts.com
xrp is more used as a currency than bitcoin ethereum and litecoin
Caleb Martin
>You are under mistaken idea that every investment is a security.
I did not say that, ever @ no point did i think that or say that!
Read &