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XRP and institutional sales.... can some explain how that works considering the SEC lawsuit?

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by COINS NEWS 102 Views

The Judge ruled last year that secondary sales of XRP "retail buyers" was legal and that XRP is not a security but also ruled that institutional sales of XRP were illegal. So, my question is .......since institutional sales of XRP were deemed illegal, how would Ripple go about their business in using XRP as the cross border bridge currency that they keep talking about if they can't sell it to the banks and all the financial companies that need to use it siince according to the Judge, those sales were illegal?

Kind of confused about that and how XRP would flourish or even be useful if it can't even used for it's intended purpose. I get what retail buyers are hoping for in that since the institutions may not be able to use it, they will just buy it off the retail holders which could eventually skyrocket XRP's price when everything is set, but how can that even be considered realistic? The endgame of the SEC appears to be to stall Ripple as much as possible until the big financial institutions get all their cards in order and use their own coin on their own rails and have no need at all for XRP.

submitted by /u/cryptotentnew
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