https://twitter.com/bgarlinghouse/status/167953276..

1 y

https://twitter.com/bgarlingho....use/status/167953276

The most important part of this ruling:

“XRP, as a digital token, is not in and of itself a “contract, transaction[,] or scheme” that embodies the Howey requirements of an investment contract.”

This is a now a matter of law (not up for trial.)
Brad Garlinghouse (@bgarlinghouse) July 13, 2023