Birdwatch Note Rating
2023-07-20 22:12:19 UTC - HELPFUL
Rated by Participant: C74487AA1D5B6EF53089049FBDA2BE500C4A2B5D1709FA953DE211631839B9F1
Participant Details
Original Note:
Judge Torres also ruled [pg15], "XRP, as a digital token, is not in and of itself a “contract, transaction[,] or scheme” that embodies the Howey requirements of an investment contract." This includes undisclosed secondary sales/programmatic sales to retail via exchanges. https://www.nysd.uscourts.gov/sites/default/files/2023-07/SEC%20vs%20Ripple%207-13-23.pdf
All Note Details