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Quarterly Market Recap: Q2 2023 - [Web3 Breakdowns, EP.80]

Making Markets

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The XRP Token and the SEC

XRP is a token that was issued many years ago, and it famously the SEC sued them. And so it's been ongoing lawsuits. The real issue of contention isn't what it does technically but more about how it was financed. A summary judgment came out that said the institutional sales were part of a transaction that was a security and the retail sales were not.

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