Ripple was embroiled in a lawsuit with the SEC, which alleged that Ripple's cryptocurrency XRP was illegally sold securities. The US district courts ruling came in less than 48 hours later. A judge actually ruled that look, Ripple had done a ton of sales over a billion dollars worth of sales of XRP. But it said about $728 million, which it made directly to hedge funds, sophisticated, accredited institutional investors do constitute an illegal sale of securities.
Hollywood may be shut down, but one industry seems to be enjoying a surprising upswing: crypto. Kara interviewed Ripple co-founder and Executive Chairman Chris Larsen hours before what is being called a “landmark victory” – but, as Nayeema and Kara note, it’s not a clean victory. We discuss the Ripple case, whether the crypto winter is over, and why Larsen is investing heavily in everything from campaign donations to public interventions on crime in SF – but would rather “vomit blood from his eyeballs” than actually run for office.
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Other questions or comments? Email us at on@voxmedia.com or find us on social media. We’re @karaswisher and @nayeemaraza on Instagram/Threads. Chris Larsen is @chrislarsensf on Twitter.
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