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/biz/ - Business & Finance

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55561969 No.55561969 [Reply] [Original]

>RIPPLE MAY NOT SELL XRP DIRECTLY TO FINANCIAL INSTITUTIONS IN THE UNITED STATES VIA WRITTEN AGREEMENTS WITHOUT VIOLATING SECURITIES LAW OR ASKING FOR A WAIVER FROM THE SEC

Jesus Christ....banks will literally have to buy our bags....the schizos were right

>> No.55561978

>-80% from 6 years ago ATH
ye im sure they are

>> No.55561993

>>55561969
They might not be able to buy it from exchanges either

All this means is that Quant Chads will win

>> No.55561997

>>55561969
This is also law of the land. Meaning no company can just come through and make a crypto for a bank. Finally killing the “they will just make their own coin” fud

>> No.55562041

>>55561969
Yep.
The more they buy, the lower the supply becomes because they'll NEVER sell it, it'll go straight toward facilitating transactions for CBDC's and eliminating counter party risk.
The meme numbers weren't just memes

>> No.55562046
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55562046

>>55561969
This is not just for XRP. As a result, VC’s aren’t allowed to get in early on a project at a penny and sell for a pound to dump on retail Goyim without breaking the law. VC’s now have to buy on the open market on equal footing with retail Goyim and wagies. No more getting in early for VC’s in shady back room deals. Good times ahead.

>> No.55562075

I wont sell my bags to the banks. But what I will do is stake them in their program so they can use my XRP but they have to pay me a % for it.

>> No.55562721

>>55561993
Nope, exchange sales were ruled not a security

>> No.55563027

>>55561993
kek, he who can't read writes a comment

>> No.55563186

>>55561978
>previous ath from a time with no regulatory clarity
oh boy

>> No.55563568

>>55563186
What does xrp have to make it worth 130 bil mcap I don't understand why it got so high in the first place

>> No.55563626

>>55563568
it might have a market cap of a few quadrillion in the future

>> No.55563661

This ruling makes no sense to me. You can't sell directly because it's a security. But if you put it on an exchange then somehow the buyer isn't under the expectation that ripple will pump the price for them? Honestly makes no sense is there a non schizo explanation for an anon like me who just doesn't get it.

>> No.55563743

>>55561969
then why isn't the price pumping? i thought ripple was working with banks all across the world, shouldn't they all be buying while it's still cheap?

>> No.55563775

>>55561997

Banks can register with the SEC. They do it every day. Have entire cap markets depts.

>> No.55563815

Banks & other institutions will likely file for an XRP ETF eventually as a loophole, but not before they do so for Eth.

>> No.55563857

>>55561997
Lol yes they can it just can't be a security
I could make it tomorrow and if it's better than XRP (easy to do) I win and all you bagholder idiots lose.

>> No.55563871

>>55561993
Who learned you how to think?

>> No.55563873

>>55563186
Crypto is all about not giving a fuck about the jews on washington you nigger, to hell with muuuh regulatory clarity

>> No.55563877

>>55563661
Early sales of XRP to institutions were deemed securities due to both parties knowing each other. The investors expected returns from Ripple as they built out the network. The sales to retail investors who bought on exchanges could not have known who exactly we were purchasing the XRP from and many didn’t even know Ripple was a company. Hard to believe I know but these tokens were not securities because of that reasoning. As many have said in other threads and this one that this creates an extremely small pool of completely clear legality for our XRP tokens. It does seem that Ripple can continue to sell through exchanges which then forces the big institutional investors to now buy at the same window as we do and not discounted OTC deals. This is where the flip could be switched with limited supply for the only legal clarity token that has a company behind it unlike BTC. This helps cement trust in normie brains with the idea of digital currencies being real means of sending and storing wealth.

Tldr : judge said big boys bought unregistered securities, must now buy at same window as us and our tokens weren’t unregistered securities. Split decision that overall works entirely in our favor as supply has become increasingly scarce and Ripple cannot just dump the Escrow on exchanges all at once. Possible short squeeze for supply to drive up price.

>> No.55563917

>>55561969
>>55561997
>>55562041
yeah, but this is pure speculation that they will even buy it in the first place lmfao

zerps are still cents on the dollar, volume is back to pre-announcement levels. No one is buying anything.

>> No.55563951

>>55563917
I'm done writing out big paragraphs to explain why that's utter drivel.
But believe me, they'll buy it and we'll make it whether you wanna do some research and decide if you wanna buy or just wanna stay on this board a a funny boy is up to you

>> No.55563954

>>55563877
This just sounds like a reason for banks to not use xrp though. Just because xrp will rise up IF they use xrp doesn't mean that they have to use xrp or will use xrp. There's still no adoption. The only thing that matters hasn't happened.

>> No.55563965

>>55561969
Why would financial institutions want to buy xrp?

>> No.55564002

>>55563965
Don't worry about that. Just know that financial institution have to, and will, buy xrp. And when they do, it will be from exchanges and from us. In fact, we won't even sell it to them, we'll just give them loans of our xrp. They will do this for thousands of dollars per xrp because we now have the power and the banks don't!
Just because!

>> No.55564033

>>55563965
In order to interact with CBDC's.
FedNow for example uses Volante, who utilise XRP.
CBDC's will be built on the XRPL.
But all these different currencies pose an issue from a risk management standpoint, so what do you do?
You use a neutral medium to eliminate that counter party risk and what better than the native token of the network your using?

>> No.55564036

>>55563661
There are 4 requirements to be considered a security.
Expectation of profit is only 1 of the 4 requirements, and is the only one most people focus on.
You have to have all 4 in order to be a security.

The judge ruled that xrp is a token, and not a security.
It was the direct sale of xrp from Ripple to institutions and institutional buyers, that was considered to be a security.
These were the only sales that met all 4 requirements.
All other sales only met 3 of the requirements, and were thus not securities.
The requirement that made the difference between the types of sales was:
investment contract.
Direct sales were considered to be an investment contract.

Sales on exchanges had no investment contract between Ripple and whoever bought them,
because the buyer had no idea who they were actually buying from,
so it was impossible for an investment contract to exist.

People need to stop obsessing with "expectation of profits".
It's only 1 of the 4 requirements.

>> No.55564067
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55564067

>>55561969
>The ripple schizos and epep schizos were right
cheerio brothers i knew this would happen

>> No.55564104

>>55564036
>>55563877
I don't see how putting a man in the middle changes the nature of the transaction. How is buying a token from an exchange not an investment contract with the exchange then? Since you expect the exchange network to remain intact so that you can sell for a profit eventually.

>> No.55564113

>>55564104
>How is buying a token from an exchange not an investment contract with the exchange then?

midwit IQ

buy some XRP, buy a coloring book, stay within the lines and wait.

>> No.55564116

>>55562046
Thank god. We don't want another ICP 3c to $750 story for VC's to get extremely rich story ever again.

>> No.55564143

>>55564104
Because the exchange isn't meeting all 4 requirements of being a security.
There is no "common enterprise" between you, the buyer, and the exchange, the seller.
Remember, you need all 4 in order for the sale to be considered a security.

Here are the 4 requirements to be considered a security:
>There is an investment of money.
>The investment is made into a "common enterprise."
>The investors expect to make a profit from their investment.
>Any expected profits or returns are due to the actions of a third party or promoter.

>> No.55564349

>>55563954
They won’t have a choice but to adopt the new banking standard. If you are competing against instant payment and instant settlement and you’re using SWIFT/VISA you are going to lose a lot of business and your operational costs will be higher. You’re looking at price because you’re a smooth brained speculator only and don’t know what this company and their token will do.

>>55564104
The exchange isn’t the network XRP runs on dude you’re a fucking retard. Holy shit.

>> No.55564472

>>55564349
Anon don't waste your time.
The uptick of XRP fud is the most bullish thing I've seen.
LINKies are seething.
Ancap plebbitors are seething.
We know what we hold, we maintain course

>> No.55564565

>>55563873

Lol. Ur fucked but thanks for playing. XRP is all that matters now.

>> No.55564570

>>55564349
>They won’t have a choice but to adopt the new banking standard.
And when, exactly, will xrp be this new banking standard? No announcements as of yet. All those contracts and connections that ripple was making and yet no announcements after clarity?
C'mon anon, don't you think the time to capitalize would have already happened? Why would you not ride the wave and keep hype going instead of letting it fizzle out? Or is this another secret plan for the institutions to get in while the price is low, lol.
Also, everyone knows that the real investment is with Ripple the company, not in the token. All the money that went to xrp should have been going into buying Ripple stock from an accredited investor.

>> No.55564573
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55564573

>>55564472
What about flare?

>> No.55564780

>>55562046
>No more getting in early for VC’s

Well they could.

They just have to get Garry to sign off on it.

In other words: Jews only.

>> No.55565618

>>55564573
Scam shitcoin, they couldnt even copy paste avax properly, and tokenomics is atrocious

>> No.55565692
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55565692

>>55562721
>Nope, exchange sales were ruled not a security
Well actshully

>> No.55565716

The fud and seething is hilarious. Btc maxis and ethpedos trying to spin an enormous victory in to a negative thing. You had you chances, get ready to buy my bags

>> No.55567422

>>55563743
instant gratification is a sign of low IQ sirs

>> No.55567437

>>55565716
i hold xrp and other bags. i diversify so no to FUD

>> No.55567463

>>55563568

Why does any crypto have a marketcap more than $0.00? What does it DO?

>> No.55567711

>>55567437
Diversification is always a good idea kek. I'm even looking forward to getting in on Peaq once it's listed. Their partnership with Eloop brings innovative solutions in blockchain technology and car-sharing services in decentralized manner.

>> No.55567914

>>55565692
I trust the lawyers more than you, you could be just an alcoholic obese who works at Starbucks

>> No.55567944

>>55567914
Which lawyer specifically? Or are you just an obese alcoholic who cannot provide a source?

>> No.55567989

>>55567944
Stuart Alderoty on twitter, I can't browse that website coz Elon rate limits me. And don't you get the common sensical news saying that "XRP is not security except for Institutional Sales". Isn't that already clear? Are you a stupid low IQ American?

>> No.55568062
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55568062

>>55567989
>Stuart Alderoty
Oh wow Ripple legal officer says XRP not a security. Very convincing. Great source. Not biased at all and such.

>> No.55568098

>>55563877
Institutions are not going to be buying XRP

>> No.55568122

>>55568062
still you are stupid, it's common sense

>> No.55568143

>>55561969
Isn't the supply like 100 billion? Why would they need to buy yours?

>> No.55568799
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55568799

>>55567463
It makes money