Hey Guys,
One of the most important cases that we have playing out right now in the crypto space is that of the SEC vs. Ripple. The reason why is because of the legal precedents this could set for the the rest of the crypto space.
The SEC's case Ripple has interested me since it began in 2020, because it foreshadows the sanctions that could be coming for other crypto projects and their founders. A lot has happened since then, and recently there have been some interesting developments.
Most notably, the judge granted Ripple and its executives the opportunity to argue their fair notice defence. In short, they're allowed to argue that even if their sales of XRP were illegal, they were able to sell for years without the SEC's intervention, hence the lack of fair notice.
This got me wondering why the SEC is going after Ripple specifically. After all, there are lots of other crypto companies and projects that fit a similar profile, so why aren't they being targeted? I discuss my theories at the end, and I really think I might be on to something.
Enjoy!
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⛓️ 🔗 Useful Links 🔗 ⛓️
► SEC’s Suit Against Ripple: https://www.sec.gov/news/press-releas…
► Bill Hinman Speech: https://www.sec.gov/news/speech/speec…
► Ripple vs. SEC Documents https://www.crypto-law.us/document-li…
► Ripple Wins Fair Notice Defense: https://cointelegraph.com/news/xrp-ga…
► Jeremy Hogan’s Ripple vs. SEC Case End Date Estimate: https://twitter.com/attorneyjeremy1/s…
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📜 Disclaimer 📜
The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome
