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- Ripple beats the SEC, but there's a catch
Hey, it's Big Joe Crypto.
Your ref in the crypto ring, where Ripple just knocked out the SEC! ⚡️ 🥊
Let’s dig into what happened and see how it’s affecting the markets.
Here's what's happening today:
🫡 Ripple wins landmark case against SEC. Crypto goes wild!
🚀 XRP goes WAAAAAAA-A-a-a-ayyyyyyy up. Good time to buy?
👀 Coinbase re-lists XRP
Got big crypto questions?
BIG MOVERS: THE CHARTS
*Prices as of 3:10 PM EST. BIG Movers based on top 300 cryptos by market cap.
TODAY’S BIG STORY
SEC vs. Ripple: The Hidden Truth Most People Missed 🫣
Just like an episode straight from the soap opera of cryptos, we just witnessed some real courtroom drama with the SEC and Ripple. Here’s what went down.
The big decision & a big day for crypto…
Let’s make no mistake. This is a big day for crypto. Maybe even the biggest since the invention of Bitcoin itself.
Judge Torres gave a ruling that essentially says - Ripple's XRP is NOT a security…
Which basically means people who buy crypto on exchanges like Kraken, Coinbase and others can do so without breaking the law.
That’s why people are in such a frenzy!
But the part that most people left out of their “breaking news reports” is that Judge Torres also said that XRP IS is a security in some cases.
I know… it's like saying pizza isn’t junk food when eaten at a party, but is when consumed alone. 🍕
Let's break it down 🥸
1/ When is XRP not a security? When it came to "blind bid" or "programmatic” sales, where Ripple didn't know who the buyer was, the judge ruled those sales did not break securities laws.
In other words, if you bought XRP on an exchange, you’re safe!
XRP holders after the judge’s landmark ruling 😅
2/ When is XRP a security? The judge also ruled that XRP sold directly to institutional investors by Ripple were indeed securities and were thus unlawfully sold.
So, in essence, it's a half-win, half-loss scenario. 🤷♀️
Sometimes XRP is a security, and sometimes it’s not based on how you bought it.
What's the big takeaway here? 🍽️
The ruling could have major implications for other crypto tokens, like SOL, MATIC, and others. Time will tell…
Also, both parties can appeal – so this decision is far from the final word on the matter. But it's making waves around the world and getting everyone to take notice.
🤔 Why you should care
Over the past 2 years, crypto has had this air of uncertainty.
It was like most people didn’t know whether it was a good idea to get in the market or stay the heck away!
But the fact that there’s now real clarity, and investors know that they can legally stack up on XRP (and possibly other cryptos) is a simply huge.
This is highly debated at the moment, but this moment could go down as the biggest day in crypto history.
The market is likely gonna heat up big time after this news, so if you wanna beat what will likely be an incoming wave investors, check out how to get into the markets safely here.
Either way things go, it’s going to be electric. ⚡️
Stay tuned!
More Big News…
XRP price skyrockets in just 24 hours – Good time to buy?
In case you missed it, within 24 hours, XRP's price skyrocketed 70%+.
So what’s pushing XRP up? 📈
The big pump!
The decision on the SEC vs Ripple case definitely sent shockwaves through crypto, including on XRP’s price. 🚀
The judge delivered good news for XRP holders, ruling that the sale of XRP tokens on exchanges did not constitute investment contracts.
This led to a surge of investor confidence, and XRP's price right now shows it.
Should you buy now? 💰
As always with crypto, it's a bit of a rollercoaster ride.
So if you're considering jumping in, keep in mind a few best practices:
1/ Do your homework: Always research before investing. Understand XRP, Ripple, and the current lawsuit's implications.
2/ Be rational: Only invest what you can afford to lose. And don’t bet your life savings!
3/ Allocate properly to reduce risk: Don't put all your eggs in one basket. Diversifying your crypto investments can help manage risk.
Remember, XRP's current upswing is driven largely by court case news.
In other words, the news could change next week, so keep your eyes pealed and don’t FOMO yourself out of existence!
TODAY'S BIG CRYPTO TIP
Read Between the Lines Before You Leap! 🕵️♂️
The recent Ripple-SEC saga has most people in a whirl, with headlines screaming "Victory!" But let's hold our horses for a second.
Truth is, it's not all sunshine and rainbows.
The court actually ruled that XRP is sometimes a security, and sometimes not.
It’s like being told your favorite chocolate is both diet-friendly and a calorie bomb, depending on when you eat it. Confusing? You bet!
So, what's the golden nugget here?
Never let flashy headlines blind you. Always dig deeper and get the full picture before making your move – it could save you, or make you a lot!
As the wise ones say, look before you leap... especially in crypto.
MORE BIG HEADLINES
Coinbase re-lists XRP after Judge Analisa Torres finds that XRP is NOT a security when sold to the general public, including when sold through exchanges like Coinbase.
Alex Mashinsky was arrested in connection with Celsius crypto fraud that led many to lose their life savings on the crypto platform.
❤️ Larry Fink aka “the most powerful man on Wall Street” doubles down on his love and admiration for crypto.
BIG LAUGHS! TODAY’S MEMES 😂 🤣
Obviously… XRP memes all day today!
Especially during times like these!! Here’s how to know when to HODL (hold on to your crypto) or when to sell to max your gains.
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DISCLAIMER: Nothing in this communication, or from Big Joe Crypto and associated bigjoecrypto.com domains is financial advice. It’s all educational and is not investment advice, a recommendation or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful, stay rational, and do your own research (DYOR).