Ripple’s Legal Win: Is XRP Really a Security or Just a Fancy Coin Trick? 🤔💰

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Well now, gather ’round, folks, for I have a tale to spin about a certain company named Ripple, hailing from the fair city of San Francisco, where the fog rolls in thicker than a politician’s promises. This fine establishment has recently declared itself the victor in a legal tussle with the U.S. SEC, a battle that has dragged on longer than a summer’s day in the South. After nearly four years of legal wrangling, the SEC has decided to drop its appeal, leaving Ripple with a mere $125 million fine and a shiny new badge proclaiming that XRP is not a security. 🎉

But hold your horses! The story ain’t quite over yet, as Ripple’s cross-appeal is still hanging in the air like a bad smell. The cryptocurrency market, bless its heart, is bound to hear more about this legal hullabaloo. But for now, it seems the dust has settled—at least until the next storm rolls in.

Now, enter Max Keiser, a fellow who fancies himself a Bitcoin prophet, and he’s got a bone to pick. To him, the fact that XRP is not a security is as useful as a screen door on a submarine. In a recent outburst, he declared XRP to be a pre-mined security, which is a fancy way of saying it’s about as trustworthy as a cat in a room full of rocking chairs.

And pre-mined like ETH & XRP are đź’Ż securities.

— Max Keiser (@maxkeiser) March 20, 2025

The spark that ignited this fiery proclamation was the SEC’s announcement that Bitcoin and its proof-of-work pals are not securities. But lo and behold, Keiser was quick to retort, “And pre-mined ETH & XRP are 100% securities!” Well, bless his heart, he sure knows how to stir the pot! 🍲

XRP, Decentralization, and Ripple

Now, let’s not forget that our dear Bitcoin maxi isn’t alone in his musings. The fact that Ripple still has over 37 billion XRP tucked away in escrow is a mighty strong argument for labeling this alternative cryptocurrency as not just a pre-mined asset, but a full-blown security. And let me tell you, 37 billion XRP is a heap of coins—enough to make a banker weep with joy. That’s a staggering $88.39 billion, folks! For comparison, the market cap of the circulating coins is a mere $138.41 billion. Talk about a hefty chunk of change!

So, yes indeed, more than a third of all XRP is under Ripple’s thumb, and while the company has grand plans to release that stash into the wild, that little fact alone casts a shadow over the so-called decentralized nature of XRP—at least in the eyes of our friend Keiser. And who can blame him? After all, when it comes to money, it’s always wise to keep one eye open and the other on your wallet! đź’¸

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2025-03-21 17:24