Did the recent SEC defeat by Ripple positively impact how you think about crypto? 1. Yes, this will kick off a new era of building 2. Yes, things are somewhat brighter 3. Neutral 4. No, this was overhyped 5. No, this was negative Question by @colin-
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1. The market is back down, but I think this outcome created new fundamental legal precedent that will be far reaching. LFG.
2. more challenges ahead before we enter the bull. builders will keep buidling.
3. It's not a defeat and that's not how federal courts work. It's another outcome that's (at this current moment in time) directionality positive for crypto, but no regulation has been updated or changed.
4 I think it's a good narrative, but doesn't actually mean much just yet since the SEC is still so unclear on what they want to do about most coins
3. I dunno, gut feeling. I don’t think anything matters as much as making things that work for users. There are plenty of products built from companies with regulated security offerings, there are plenty of products built from companies that don’t have regulated security offerings
3. (Not a lawyer and this is not advice, rather conjecture at best) Hesistant to say its positive because there was nothing indicative to me of a ruling on the token itself as a security but rather its distribution. Was good to see that the process of 'blind' matching of buyer/sellers was not an IC though.
2 fundamentally things are the same but there’s now precedent for change, regulation wise.
3. Although I think it's a win for the crypto industry, it didn't really affect how I think about crypto personally
2. Somewhat brighter if only for the optimism in crypto circles that the SEC can be defeated.
4. Crypto will always prevale, doesn't matter what SEC or any government have to say about it.
