SEC v. Ripple in brief:

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SEC v. Ripple in brief:

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Kapow@exploding-heads.comM to

Crypto - DeFi@exploding-heads.comEnglish · 1 year ago

cross-posted to:
[email protected]

Ripple putting XRP on exchanges for trading (and funding their operation with those sales) is NOT an investment contract, and therefore not a security.

Ripple paying people in XRP is NOT an investment contract and therefore not a security.

XRP is NOT a security in and of itself even when offered through a securities transaction.

Ripple selling XRP directly pursuant to contracts was an investment contract, and thus a security. Ripple had fair notice that doing this without registration was illegal. And a jury will be needed to decide whether Ripple execs aided and abetted this unregistered issuance.

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Crypto - DeFi@exploding-heads.com

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Decentralized Finance (DeFi) is an alternative to traditional financial services. More specifically, DeFi consists of smart contracts, which, in turn, power decentralized applications (DApps) and protocols.

Many of the initial DeFi applications were built on Ethereum, and the majority of the ecosystem’s total value locked (TVL) remains concentrated there.

Here are some of the ways people are engaging with DeFi today:

Lending: Lend out your crypto and earn interest and rewards every minute - not once per month.
Getting a loan: Obtain a loan instantly without filling in paperwork, including extremely short-term “flash loans” that traditional financial institutions don’t offer.
Trading: Make peer-to-peer trades of certain crypto assets — as if you could buy and sell stocks without any kind of brokerage.
Saving for the future: Put some of your crypto into savings account alternatives and earn better interest rates than you’d typically get from a bank.
Buying derivatives: Make long or short bets on certain assets. Think of these as the crypto version of stock options or futures contracts.

WARNING: Investing in NFTs, cryptocurrencies and other Initial Coin Offerings (“ICOs”) is highly risky and speculative, and these links and discussions are not recommendations by Exploding Heads or the writer to invest in NFTs, cryptocurrencies or other ICOs.

Since each individual’s situation is unique, a qualified professional should always be consulted before making any financial decisions. Exploding Heads makes no representations or warranties as to the accuracy or timeliness of the information contained herein.

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