XRP "NOT A SECURITY"!!! wins lawsuit
Ripple is up 54% as we speak after ruling comes down that secondary sales of xrp are not security. This wil be the beginning of a huge bull run on the cryptocurrency.
The SEC’s motion for summary judgment was granted by the court as it applies to the institutional sale, and otherwise denied.
The “programmatic sales” of XRP through exchanges and algorithms did not qualify as the sale of securities because the SEC cannot definitively say speculative investors had “a reasonable expectation of profits to be derived from the entrepreneurial or managerial efforts of others.”
this is unprecedented news for the whole market
xrp up 54%
xlm up 33%
and many countries are still sleeping, havn’t even got the news yet.
Congradulations to xrp/xlm holders, let the bull out of the gate !!!!!!!!!!!!
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