breaking Ripple xrp huge news right now because the SEC literally has just officially came out and legally declared that xrp is not a security this report is huge because as you can tell right here February 14th it just came out and in this document it literally says right here xrp is not under these circumstances a security under the federal securities laws so literally this is from the SEC so this is big because the SEC literally just came out with this and it says right here that the sponsor believes that xrp is a commodity as that
term is defined under the commodity exchange act so in light of the SEC versus Ripple Labs case the SEC is now saying that xrp is not a security so this is huge right now and we are seeing xrp pumping in price that is why we are about to cross $3 yes xrp family destroy the like button right now because this is huge let's get at least 1,000 likes because more people need to see this video and also the fact that the SEC literally right here is saying the xrp is not a security is huge xrp
under these circumstances is not a security and also here it says xrp is not particularly suceptible to manipulation so it's saying that xrp is actually pretty safe that's why it would be good for exchange traded products ETP right here and ETF so ETP ETFs very similar and then the SEC also starts talking about the xrp ETFs right here xrp trusts as you can tell and now the reason why the SEC is saying that xrp's not a security is because of this right here it says right here unlike other digital assets such as Bitcoin or ethereum
xrp was not and is not mined gradually over time time instead all 100 xrp 100 billion xrp tokens were created at the time of the xrp ledgers launched in 2012 this means that every single xrp token that exists today was generated from the outset from the very beginning without the need for a mining process so of the 100 billion xrp generated by the xrp ler code the founders of rll retain 20 billion xrp and the rest nearly 80 billion xrp was provided to Ripple Labs as of September 2024 Ripple Labs runs only one of the
35 validators in the default trusted nodes list so it says in light of these factors and consistent with applicable legal PR precedent particularly as applied in the SEC versus riple Labs the sponsor believes that it is applying the proper legal standards in making a good faas determination and that it believes that RP is not under the circumstances a security under the federal Securities laws now footnote 12 foot note 12 if we go down here it says C Ripple versus SEC case 2024 23 right here xrp as a digital token is not in and of itself
a contract right action or scheme that embodies the hoe requirements of an investment contract and 23 Ripple Pro programmatic Sales were blind bid ask transactions and programmatic buyers could not have known if their payments of money went to Ripple or any other seller of xrp since 2017 Ripple's programmatic sales represented less than 1% of the total global xrp trading volume therefore the vast majority of individuals who purchased xrp from digital asset exchanges did not invest their money in ripple at all an Institutional buyer knowingly purchased xrp directly from Ripple pursuant to a contract but the
economic reality is that a programmatic buyer stood in the same shoes as a secondary Market purchaser who did did not know to whom or what it was paying its money the court specifically notes that the question of whether secondary market sales of xrp constitute offers and sales of investment contracts because it was not before the C before the court and therefore was not addressed so this right here is basically saying how people that were buying and selling xrp did not really buy or sell from Ripple directly they were buying and selling from exchanges so there
was no investment contract between like people like you and I right if we wanted to buy xrp back in 2013 14 15 16 right we had to go to exchanges directly we did not go to Ripple and buy directly from Ripple no we went to exchanges and bought xrp so there was no investment contract with XR with ripple so this is what it's saying right here so this is actually really big the fact that the SEC is admitting to this and is putting this in documents and in their reports now they're basically saying how xrp
is not a security they're admitting to it and they are making it very clear now in all of the reports that they are releasing so this report that literally just came out is absolutely huge and that's why I say destroy the like button but that's literally why xrp right now is exploding in price and we can see alltime highs very soon because the case is still not officially over right we need to officially end the lawsuit and once that is over we can easily see new alltime highs so the lawsuit ending xrp being included in
the US strategic Reserve there are so many big catalysts coming up in the next few weeks and months everyone so xrp family xrp Army destroy the like button and subscribe join us show your support I love you all and I will see you very soon crypto AI man out [Music] [Music]
