[choppaface]

> Torres found the company's $728.9 million of XRP sales to hedge funds and other sophisticated buyers amounted to unregistered sales of securities

It would probably have been a bigger win for Ripple had they gotten out of that one.

[yieldcrv]

unregistered sales of securities aren’t violations of the securities act when relying on an exemption from registration, to accredited and qualified investors…

just because they might not have filed a Reg D notice for their SAFE doesnt mean the whole transaction is invalid

[choppaface]

But the key is the trial goes on and if not this court then some other will get to see that the buyers of XRP are buying shares of Ripple i.e. securities.