Judge in SEC Case Drops ‘Bombshells’ That Are Positive for Ripple, XRP, Says Lawyer

Judge in SEC Case Drops ‘Bombshells’ That Are Positive for Ripple, XRP, Says Lawyer

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  1. Let’s get something straight for once. XRPL is now decentralized at one time it was not. Ripple made decisions about how to develop an enterprise grade network and early on 2012-15 they chose to use a curated list of nodes and even ran a lot of the network slowly relinquishing control overtime. They had to do this for RCP to function at an enterprise level. I’d argue many saw what Ripple had done and changed to an immediate decentralized model to avoid exactly what Ripple is dealing with now. That’s exactly what Jed did.

    To clarify it has always been possible for anyone to become a trusted validator on XRPL if you met the requirements. It’s just that the bar is high because it’s institutional grade requirements. Xrp’s enterprise nodes are universities, businesses, and internet providers.

    XRPL is now decentralized as was the plan from the beginning. Ripple nodes are down to 7% soon to be lower. Upgrades to UNL are progressive soon UNL will be expanded to make the ledger more robust by including people running a residential node.

  2. I’m expecting Ripple to win on summary judgement here, unless there’s some dispute of fact, rather than law, than I am missing. If what he claims the judge said is true, then the argument that the utilities of crypto separates them from securities is a strong one.

  3. tldr; A lawyer has described as “bombshells” comments made by the magistrate judge in the ongoing lawsuit between the US Securities and Exchange Commission (SEC) and Ripple. “My understanding about XRP is that not only does it have a currency value but it has a utility, and that distinguishes it from bitcoin and ether,” the judge said.

    *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

  4. Doenst chamge the fact rhat xrp is a Tool for the banks to hang with the rest… Not to mention there are already so many alternativs now… xrp will sooner or later stop growing…

  5. It may still be accused of being decentralised and a sell-out etc. But if this article is true there might be a good bit of green in the short-term for unemotional investors to get in on.



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