Triumphant Tweet from Ripple and the XRP Community
Ripple wins : SEC losing its lawsuit against Ripple.
On July 13, 2023, Ripple, led by its CEO, emerged victorious in a legal battle. The Ripple lawyer successfully defended their case, resulting in a significant win for the company. The XRP community took to Twitter, celebrating this momentous achievement with quotes of triumph and optimism.
Observe the chosen excerpt of quotes, statements, and responses originating from the Ripple XRP community, Congress and various exchanges concerning Judge Torres' decisive ruling, wherein XRP is declared not to be classified as a security.
"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." -Judge Torres
#XRPCommunity #SECGov v. #Ripple #XRP BREAKING: Judge Torres has issued her Ruling on the Parties Motions for Summary Judgment.
- James K. Filan
One of many. Make no mistake: every exchange in the United States should relist XRP IN SOLIDARITY with today’s decision: @coinbase @krakenfx #Crypto.com, @Gemini etc.
Would not be a proper victory without my friend @attorneyjeremy1 doing a video breaking down what the ruling means to you and me. In the last 2.5 years I have met amazing people. Jeremy and Thien-Vu Hogan are two of those amazing people who also happen to fantastic lawyers.
- John Deaton
Has the verdict come in??? Molly Elmore
The price of #XRP is up close to 30% on the Summary Judgment motion. - Eleanor Terrett
The most important part of this ruling:“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 is a now a matter of law (not up for trial.) We said in Dec 2020 that we were on the right side of the law, and will be on the right side of history. Thankful to everyone who helped us get to today’s decision – one that is for all crypto innovation in the US. More to come.
- Brad Garlinghouse
Hoping yesterday’s decision is the wake-up call that Congress needs. This ruling directly undercuts the SEC’s claims that nearly all tokens are inherently securities – likely to set a positive precedent for other digital tokens in the US.- Brad Garlinghouse
A huge win today – as a matter of law - XRP is not a security. Also, a matter of law - sales on exchanges are not securities. Sales by executives are not securities. Other XRP distributions – to developers, to charities, to employees are not securities.- Stuart Alderoty
I hereby declare July 13th victory day.
- David Schawarz
A lot of scammers are taking advantage of the recent good news to try to cheat and steal. There are no airdrops, giveaways, or special offers associated with this ruling.
“The first thing I should have done when I heard about the ruling was buy Coinbase stock”
- David Schawarz
The recent court ruling has sparked a surge in excitement around Ripple. Beware of scam Ripple accounts or fake executive accounts promoting "XRP Giveaways" or "XRP Airdrops". Remember, Ripple and its executives will NEVER ask you to send funds anywhere.
- Ripple
XRP is not a security.
This victory for @Ripple is a win for the entire industry and a step toward regulatory clarity in the U.S. A huge thank you to @bgarlinghouse, @chrislarsensf, and @s_alderoty for their leadership and the #XRPCommunity for their continued support.
- Ripple
I haven’t been as vocal on the lawsuit as @bgarlinghouse and @s_alderoty, but today is a huge win for crypto in the US – big thanks to all who supported us along the way .
- Chris Larsen
On a personal note, I am so happy to see the excitement on XRP-Twitter after the last couple years of frustration.
Breathe it in - that's Justice. That's what lawyers live for. I am so happy for YOU!”
- Jeremy Hogan
I always thought my initial reaction would be jumping up and down. I actually want to cry. We left it all on the field.
You should all be proud! We are the good guys. - Digital asset Investor
This is such a great win, not only for #Ripple, Brad, Chris & the company, but also 4 the extended #XRP Community. The #XRPArmy hung in there through thick & thin, rumors and lies, hecklers and FUD. We look forward to the future & the important place Ripple will play in history!
- Linda P. Jones
Ripple's XRP Rulling
A Milestone Win For Crypto Industry As Expected in 2023.
- Brian Rose
We've read Judge Torres' thoughtful decision. We've carefully reviewed our analysis. It's time to relist.
- Paulrewal.Eth
All secondary crypto sales are not securities offerings! EVERYONE owes Ripple for this win that they generated for the entire industry. Thank you for patching the boat @bgarlinghouse @chrislarsensf @s_alderoty @johnedeaton1
- LBRY
The sale of XRP on exchanges is NOT a security. Which means the sales of all cryptos on exchanges are NOT securities and @SECGov and @GaryGensler have NO jurisdiction over them. This is a watershed moment that relegates the SEC to TradFi and makes it a dinosaur regulator. Buh-bye
- Cameron Winklevoss
The Ripple case is a monumental development in establishing that a token is separate and distinct from an investment contract it may or may not be part of. Now, let’s make it law.
- Tom Emma
Given today's ruling that the sale of XRP on exchanges is not a security, @Gemini is exploring the listing of XRP for both spot and derivatives trading.
- Gemini
XRP family, today we celebrate!!! After 2 & 1/2 years it's OVER, and we got what we wanted. XRP IS NOT A SECURITY.
Judge Torres took the SEC's "embodiment theory" and placed it in the paper shredder WHERE IT BELONGS. I just love this community. And we made it! $XRP
- Moon Lambo
Breaking news XRP not a security #xrp #Crypto.
- Coach, JV
The #XRP pump we're witnessing is just a glimpse of what's to come. Momentum has been building, and #institutional adoption is on the horizon. Stay vigilant, stay focused. The real game is about to begin.
- Black Swan Capitalist
July 13th 2023 New York City Ripple office, No words necessary. I changed my career to “Blockchain” in 2016 and many of my friends doubted my decision. What an amazing day to be part of Ripple and part of the Crypto world.
- Antony Welfare
#XRPCommunity #XRP This is to me the most important part of the decision. Programmatic Sales are not securities, and because a Programmatic Buyer “stood in the same shoes as a secondary market purchaser,” secondary market sales are not investment contracts — NOT SECURITIES.-James K Filan
The #Ripple and #XRP decision, in short:
Judge Torres’ ruling is a victory for the digital assets space as it sets a precedent in saying that the sale of $XRP to the public is not to be considered a security. The SEC will most likely appeal the decision, meaning that the final ruling is yet to be presented, but the judge’s decision certainly carries weight.
-Nexo
Who is on the train now?? Incredible work by the entire Ripple Team!
-Rosie Rio’s
Needless to say, regulating digital assets through enforcement only had a dreadful day in court last week. In the wake of the resounding decision out of the SDNY Ripple case, must reassess its continued assault on the crypto industry. My letter to Chair Gensler:
- Rep. Ritchie Torres
After the Ripple decision, its critical that @GaryGensler engage with Congress to ensure everyday digital asset users are protected.
"Legislation would do far more to prevent the future collapses of digital asset firms than enforcement actions."
- Financial Services GOP
I join my colleague in calling for Gary Gensler to embrace a different approach.The Ripple case should make clear that Congress needs to provide clarity that is lacking for investors, innovators, regulators, and even the courts. I remain hopeful that we can agree on a digital asset market structure bill that will do this appropriately and swiftly.
- Warren Davidson
"It was a big big win for Ripple and a big big win for the #crypto community," says @novogratz after a judge ruled $XRP is not a security. "Let's not let Gary Gensler put lipstick on a pig. They lost and they know it."
- Squawk Box @SquawkCNBC
