Birdwatch Note Rating
2023-07-20 20:47:22 UTC - NOT_HELPFUL
Rated by Participant: F07A8E902F7C4CE8A8C079B41AAD849492B0427812C66583BD551F75591D3DBD
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