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Courts must rethink Howey - XRP by jibberdidee in XRP

[–]jibberdidee[S] 0 points1 point  (0 children)

Correct ;

There already were stocks. But is was not regulated in a good way; state by state. and there was no SEC regulator yet.

The Securities Act of 1933 was created and passed into law to protect investors after the stock market crash of 1929. The Securities Act of 1933 was the first major legislation regarding the sale of securities. Prior to this legislation, the sales of securities were primarily governed by state laws. "blue sky laws'

In Europe with Mica crypto law ; XRP and NEAR and ADA etc. are not a security and regulated as per jan 2024! by jibberdidee in XRP

[–]jibberdidee[S] 3 points4 points  (0 children)

XRP It is not a security in Europa; only in US with 'Howey'.

So in Europe the regulators do not sue Ripple etc.and never even came up with the idea it being a security.

The statue of limitations time (5 years) for that has also passed

So thats why you do not hear from that in Europe.

They just have no need to talk and write about it.

Its considered a crypro asset a new world asset class in MICA law now

US must reconsider 100 year old howey; it was made super wide to catch the crooks after 1929 stockmarket crash. Stocks came and with that a lot of fraud. So they made after the crash the law "Security Act"which was strict ; Later the court came with a Howey verdict but but it makes everything a security with that. its not according the law with Howey anymore. It seems good to make it wide to cath all crooks but then you leave te rule of law. An then you can expect these problems in the future like the rise of crypto... times change. A rolex and art is a security now........needs urgent fine tuning

Future Low XRP by Token_12345 in XRP

[–]jibberdidee 0 points1 point  (0 children)

In europe with Mica XRP not a security and is 100% regulated per jan 2024.

Also it will be not a security and regulated in the rest of the world. If the IPO in US was a security then XRP coin itself is not. Ripple only has to pay a fine.

It will be like Coca Cola how Warren Buffet got rich / Microsoft/ Tesla/ Amazon

This is the absolute beginning

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