Ripple’s SEC Wishlist Exposed 💀
The crew says this swaps endless case-by-case chaos for solid rules while still shielding investors like before.XRP Chaos Cost Billions in Uncertainty 🖤
Their main vibe is the investment contract counts as the security not the token itself. Stuart Alderoty the chief legal officer dropped this on X calling it true to the classic Howey test. What matters is what an issuer actually promised and when those promises end not some vague decentralized test.Rule 400 Safe Harbor Drama Unfolds ✨
Rule 400 would let issuers file Form TR once the work is done or scrapped and Ripple wants that open even if promises got abandoned cuz buyers ain’t expecting gains anymore. They also shot down splitting tokens into company backed or network types saying it brings back old implicit promise issues.Automated Promises & Authority Vibes 🔥
Like if code auto burns tokens from sales that still counts as an investment contract. They point to Sections 28 and 36 for exemption power even after that close Senate fail on the Clarity Act.Form TR Fixes & State Law Twists 🌙
Add a clause so skipping Form TR doesn’t assume it’s tied to a contract and fix Rule 500 b to avoid endless state exemptions for dealers.Legal Battle Cash Drain Exposed 🕷️
Ripple leaned on their own SEC fight where the 2020 suit tanked XRP 70 percent and wiped 15 billion in value with delistings everywhere. The 2023 win pumped 21 billion back and got trading restored but they spent over 150 million for that clarity.Future Rules Could Save Billions 💜
Clearer regs from 2022 might have sparked 382 to 1518 extra US offerings pulling in 325 million to 1.117 billion in capital instead of foreign raises.Just another echo from the void by iconofsin.eth 💖
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