David Sacks, the newly appointed White House AI and Crypto Czar, shared a video commenting on the SEC v. Ripple lawsuit, stating that Ripple won the lawsuit and that the judge held that XRP sales do not constitute investment contracts. Sacks believes that the ruling validates Ripple's argument that XRP is not a security. However, one host of the All-In Podcast refuted this claim, stating that Ripple's offers and sales of XRP to sophisticated investors were deemed securities. The SEC has filed an appeal against the ruling and crypto enthusiasts are hopeful that Trump's administration will create favorable regulations for the industry. Speculation suggests that the SEC may drop its lawsuit against Ripple, leading to a recent spike in XRP's price.
- Content Editor ( thecryptobasic.com )
- 2024-12-06
Newly Appointed White House Crypto Czar’s XRP Ruling Remarks Resurface