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/biz/ - Business & Finance

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25054351 No.25054351 [Reply] [Original]

Shall I say we got too cocky bros?

>> No.25054410

>>25054351
the standard!

>> No.25055718
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25055718

>>25054351
Tokens/coins being a security has nothing to do with whether they're printed or mined.

>> No.25055851

>>25055718
Not even a lawyer but that language isnt close to a death knell. I’m sure the lawyers can squirm out of it. “Problem” is an open-ended word here.

>> No.25055868

>>25055851
>Not even a lawyer
Clearly.

>> No.25055933

Why are they so afraid of ripple?

>> No.25055957

Well, to be fair Larsen and the other crooks have done very well for themselves, so I guess even if SEC clamps down on them and the US exchanges delist XRP as a result, it is mission accomplished for them - they are all billionaires and SEC will get the blame for screwing over what should've been a great project.

>> No.25056073

>>25055851
Ripple says they "engage in strategies" that "strengthen the exchange rate".

In other words, Ripple is telling people that they are doing work to pump the price or phrased another way an Expectation of Profit through the Efforts of the Promoter.

>> No.25056129

>>25055933
too many holders getting burned all at once leaves a dark cloud over all of crypto and slows down their progress on other projects

>> No.25056152

>>25055933
What makes you think anyone's afraid of ripple?

>> No.25056170

>>25055718
a security is when you take someones money and "credit it" in some denomination could be "usd" that only exists on your website could be a shitcoin or any token.

>> No.25056284

>>25055957
>SEC will get the blame for screwing over what should've been a great project.
>should've been a great project
hahahahaha

>> No.25056349

>>25054351
1 fine + ceo change at max
wow

>> No.25056675

>>25056170
wut

>> No.25056873

>>25056675
i'm telling you if you create any digital token convertible to fiat and sell it to someone the sec will call it a security.

if you create a digital token like an in-game currency that is not exchangeable back to fiat and not tradeable so it can't have an economy of it's own then it's not a security.

>> No.25058118

>>25056873
>if you create any digital token convertible to fiat and sell it to someone the sec will call it a security.
No.

There's long-standing precedent from SCOTUS, see the whiteboard in >>25055718