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Re: dealerschool2006 post# 31918

Wednesday, 04/20/2022 1:31:32 PM

Wednesday, April 20, 2022 1:31:32 PM

Post# of 33090
Here’s why I am bullish on xrp with Ripple lawsuit. Ripple has a really good case on why xrp is NOT a security using them howey test that the sec uses. Maybe a case can be made how it started out like one, but today it is really hard to say it is.

Now let’s say sec wins on that argument and judge agrees that xrp was a security and even still is today. Well then comes the fair notice defense that judge has approved. Ripple can show that in the 8 years it trades, hundreds of exchanges that listed it, and their communications with sec and sec mistakes they made along the way that Ripple never had any fair notice. So even if xrp is a security, Ripple still wins because no fair notice.

Now let’s say they lose on the fair notice defense. I think it could then be taken further to look at the breakdown at the transactional level. 90% of tbe transactions have taken place in foreign countries where sec likely has no jurisdiction. They can only go after a limited number of transactions.

So ripple has a very good chance of winning this, and if they don’t, I think they can walk away from this, perhaps redomocile in Dubai or Japan and continue operations.

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