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The Industry Coalesces Around Ripple’s Battle Against the SEC

The Breakdown

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XRP Is a Security Now?

The SEC carries the burden of proving not only that XRP was a security in the past, but is a security now. The SEC instead relies on an extremely broad view of howie far beyond what the law supports. I wish the SEC would take more sensible positions on crypto, but until then there's sadly no choice but to fight this out in the courts. CoinDesk takes off election day so there will be no show on Tuesday. Over 80% of Democrats surveyed and 77% of Republicans want clear regulation both for the industry and for investors.

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