A U.S court has ruled that XRP is not a security, and if XRP is a security then what implications does this have for other tokens?
Joining us today is Paul Grewal and Mike Selig, both experts in their respective fields who are here to help walk us through the implications of this court decision and what it means for our industry as a whole.
------
🚀 Join Ryan & David at Permissionless in September. Bankless Citizens get 30% off. 🚀
https://bankless.cc/GoToPermissionless
------
BANKLESS SPONSOR TOOLS:
🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE
https://k.xyz/bankless-pod-q2
🦊METAMASK PORTFOLIO | TRACK & MANAGE YOUR WEB3 EVERYTHING
https://bankless.cc/MetaMask
🗣️TOKU | CRYPTO EMPLOYMENT SOLUTION
https://bankless.cc/Toku
⚖️ ARBITRUM | SCALING ETHEREUM
https://bankless.cc/Arbitrum
🦄UNISWAP | ON-CHAIN MARKETPLACE
https://bankless.cc/uniswap
🛞MANTLE | MODULAR LAYER 2 NETWORK
https://bankless.cc/Mantle
-----
TIMESTAMPS:
0:00 Intro
4:18 Great Day to Be a Lawyer
7:47 Was This a Surprise?
9:27 TLDR on the Ripple Case
16:08 What is a Security?
20:18 How Binding is This Decision?
27:05 Establishing a Precedent
31:47 SEC's Argument Falling Apart?
38:28 Opening The Door to More Tokens
42:37 What Does This Mean for Token Holders?
47:57 How Does This Impact US Regulation?
53:29 The Fight Ahead
-----
RESOURCES:
Mike Selig
https://twitter.com/MikeSeligEsq
Paul Grewal
https://twitter.com/iampaulgrewal
-----
Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research.
Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here:
https://www.bankless.com/disclosures
