SEC was asking Billions in penalties. Court ruled $125 mil.
CONCLUSION
The SEC’s motion for remedies and the entry of final judgment is GRANTED IN PART
and DENIED IN PART. The Court shall enter a final judgment enjoining Ripple from further violations of the securities laws and imposing a civil penalty of $125,035,150
No disgorgement, No fraud or misappropriation.
XRP is Not a Security.
Court also rejected SEC's claim:
The SEC suggests that each of Ripple’s “1,700 relevant contracts” constitutes a
separate violation
And there the "17" number again.
Trump literally shilling Bitcoin as a global reserve asset and you retards are fucking with this scam shitcoin lol, sad!
Trump always refers to crypto space not just Bitcoins.
Maybe it's coincidence but Trump Jr. made a pro crypto tweet just before the end of the case was announced.
What would be your best way of sending 400 million dollars across the globe in a matter of seconds for cheap? It's certainly not bitcoin or swift.
How many of us plebs need to send 400 million across the globe? XRP doesn’t benefit the people, the sec ruling does.
For anyone having lived outside the US and having needed to transfer 1600 bucks from a US bank to a Latin American bank know that having to wait 48 hours and pay $125 in transfer fees means there is a undeniable use case for crypto. Also you have to wait for the banks approval which they don't always give. Even the plebes benefit from using crypto. Not only that, but in the case of a lot of cryptos, there is a fixed amount of assets and more doesn't get printed depending on the whims of the ruling class.
I’m addressing xrp, not crypto in general.
You replied to a comment that called xrp a shitcoin (it is) and the rebuttals are related to trump. The rulings don’t apply to only XRP, it applies to any crypto using contracts.