this post was submitted on 13 Jul 2023
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cryptocurrency

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XRP soared as high as 30% in response, with crypto onlookers declaring an early victory.

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[–] AfricanExpansionist@lemmy.ml 2 points 1 year ago* (last edited 1 year ago)

This is insane. The company markets itself and its token like it's working on behalf of XRP holders

Edit: so I RTFA. The decision does call XRP an unregistered security but says that open market purchases are not investment contracts.

I think this sets up the exchanges as being sellers of unregistered securities.