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E137: Inflation cools, market rips, Ripple/MSFT beat regulators, NATO summit, cocktails of youth
All-In with Chamath, Jason, Sacks & Friedberg
Ripple Labs Inc Violated Federal Securities Law and Its Sale of Cryptocurrency XRP Directly to Sophisticated Investors
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Ripple labs Inc violated federal securities law and its sale of cryptocurrency xrp directly to sophisticated investors. But it sells on public exchanges did not involve securities a u.s. Judge said in a ruling that sent the cryptocurrency soaring Xrp was up 25% after the ruling SEC had accused the company and its current and former chief executives conducting a 1.3 billion dollar unregistered security offering by selling Xrp which ripples founders created in 2012.
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