XRP bull run

[pmbug]

Based on the latest developments, the U.S. Securities and Exchange Commission (SEC) has reportedly abandoned its appeal in the lawsuit against Ripple, as announced by Ripple CEO Brad Garlinghouse on March 19, 2025. This follows a significant ruling on July 13, 2023, by U.S. District Judge Analisa Torres, who determined that XRP is not a security when sold to the public on exchanges, though she ruled that Ripple’s direct sales to institutional investors did constitute an unregistered securities offering. With the SEC dropping its appeal, the 2023 ruling stands as the prevailing legal interpretation in this case.

The decision that XRP itself is not a security, particularly in programmatic sales to retail investors via exchanges, has been a key outcome of this legal battle. This distinction hinges on the application of the Howey Test, which defines a security as an investment of money in a common enterprise with an expectation of profit derived primarily from the efforts of others. The court found that retail buyers on exchanges did not have a reasonable expectation of profit tied directly to Ripple’s efforts, thus excluding those transactions from being classified as securities. However, institutional sales were treated differently due to the nature of the transactions and Ripple’s marketing to those buyers.

With the SEC no longer pursuing an appeal, there is no current legal challenge from the agency to overturn the ruling that XRP is not a security in the context of public exchange sales. This effectively solidifies XRP’s status as not being a security under U.S. law based on the standing court decision, at least until any new legal or regulatory actions arise. That said, the broader regulatory landscape for cryptocurrencies remains fluid, and future interpretations or actions by the SEC or other authorities could still impact XRP’s classification. For now, though, the resolution of this case points to XRP not being considered a security in the eyes of the U.S. judicial system.

 

[mmm....shiney!]

Lol

It's a security and it's not a security

 

[willrocks]

No.

The appeal has been dropped, there's still a fine to be paid.

The judge's original ruling stands, XRP is considered a security but it's not a security.

Is a security
Judge Torres determined that Ripple's sales of XRP totaling $728 million to institutional investors constituted unregistered securities transactions.

Not a security
More specifically, the judge's ruling states that Ripple's sales of XRP on public exchanges did not meet the criteria for securities transactions. Also the ruling stated that Ripple's distributions of XRP to employees and third-party developers did not constitute securities transactions.

So nothing has changed.

Well it has. The SEC has abandoned its appeal against Judge Torres' ruling. Specifically they were appealing the ruling about sales of XRP on public exchanges, and distributions of XRP to employees.

 

[mmm....shiney!]

Well it has. The SEC has abandoned its appeal against Judge Torres' ruling. Specifically they were appealing the ruling about sales of XRP on public exchanges, and distributions of XRP to employees

Ok, but on a broader timeframe ie pre-appeal we're back where we were after Torres' ruling. That's what I was getting at.

 

[willrocks]

Ok, but on a broader timeframe ie pre-appeal we're back where we were after Torres' ruling. That's what I was getting at.

I understand your angle. But at the same time, no longer having a pending court case is a huge development. Many larger financial institutions will refuse to deal with any investment where there's pending legal action. Even when investing in small companies or startups most experienced investors will require any pending legal actions to be disclosed, and typically won't invest if there is.

Not having the appeal also gives clarity for exchanges to list XRP to US customers, where previously they wouldn't.

 

[Davros10]

The Grok symbol and Elon Musk's X profile pic are analogous of the Stellar (XLM) symbol, whilst the change from twitter to X is analogous to the symbol for XRP. Is this foreshadowing the coins to be used when X integrates a payment platform?

 

[mmm....shiney!]

Is this foreshadowing the coins to be used when X integrates a payment platform?

Just a coincidence?

XRP is not designed as a peer-peer currency, XLM is a smart contract platform primarily. Maybe he'd design his own token, or use something like DOGE as it would have broader appeal unlike XRP which is polarising, or even BTC or a token based on a protocol such as the Trac Network (shameless plug).

 

[willrocks]

or use something like DOGE as it would have broader

The only reason Elon would use something like DOGE is as a short-lived pump-and-dump. After the dump he'd drop it in favor of a more technically feasible solution.

Realistically DOGE, although slightly more TPS than bitcoin, is far too slow for any type of real payment system.

DOGE as it would have broader appeal unlike XRP which is polarising

How is DOGE less 'polarising'? BTC maxis hate DOGE as much as they hate XRP.

or even BTC or a token based on a protocol such as the Trac Network (shameless plug).

That won't happen.

 

[mmm....shiney!]

How is DOGE less 'polarising'? BTC maxis hate DOGE as much as they hate XRP.

Do they?

Since I joined X at the beginning of this year I see daily posts from XRP shills and Ripple and daily posts from BTC maxis bagging the crap out of the shills and Ripple. I don't see any mention of DOGE. Now that could be the algorithm or it could be the fact that BTC maxis don't see DOGE as a threat to the integrity of the cryptosphere in the way that Ripple and its token are.

That won't happen.

Maybe you're right, maybe you're wrong.

 

[willrocks]

it could be the fact that BTC maxis don't see DOGE as a threat to the integrity of the cryptosphere

It could be that Dogecoin is too small.
It could be that Dogecoin, with its uncapped supply and centralization issues, is seen more as a joke.
It could be that XRP is a threat to BTC.
It could be .... etc

 

[mmm....shiney!]

It could be that Dogecoin is too small.
It could be that Dogecoin, with its uncapped supply and centralization issues, is seen more as a joke.

That could ball be true. Alternatively maxis maybe are beginning to see the cultural capital in DOGE.

It could be that XRP is a threat to BTC.

 

[mmm....shiney!]

Why you don't want to hold XRP, banks are developing their own tokenised assets on the blockchain and why wouldn't they?

 

[Cryptzedd]

XRP has been on a run lately.

Probably fueled by end of long-running lawsuit with SEC, change of government in USA ,and rumors of new pro-crypto regulations.

Trump says he'll fire the head of the SEC. (

)
https://x.com/NYCryptoKing/status/1857476730740682969

Rumors that some cryptos, including XRP, will be exempt from capital gains tax in USA (https://x.com/oroogle/status/1856882307249963333).

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The XRP has been held down for such a long time & I think it's time for it make some moves similar to SOL or Bitcoin.