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It Can Always Go Higher | "On The Margin" Round Up with Byron Gilliam and Jack Farley
Forward Guidance
The Analogy Between XRP and Orange Groves
People have been saying that XRP is a security sometimes and not a security other times, but that's not really correct. It could be part of a securities transaction. So when Ripple Labs initially sold XRP to institutional buyers, they entered into a investment contract - those transactions were securities transactions. In neither of those examples, those initial sales or the secondary sales XRP is not not a security. It was part of aurities transaction. What's a securities transaction? If not, if what was the security, if not XRP?
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