Birdwatch Note Rating
2023-07-14 14:13:49 UTC - HELPFUL
Rated by Participant: 014B8CE07020058D7CA92A5B826B610D6F253A44B7B8AB3C6F8D7BBCF1FC376A
Participant Details
Original Note:
XRP is and isn't a security depending who it was sold to. Institutional sales of XRP are considered securities under the Howey test because they satisfy all criteria. Programmatic Sales(Retail Investors) of XRP are not considered to be investment contracts under Howey. https://www.katherinewu.me/writings/2023/7/13/sec-v-ripple-is-xrp-a-security
All Note Details