Summary
- David Sacks' past supportive remarks about Ripple (XRP) are drawing attention.
- Sacks stated regarding Ripple's victory ruling that "Ripple's sale of XRP is not an investment contract."
- He evaluated Ripple's victory as "a big win for virtual assets."
David Sacks, co-founder of Craft Ventures, who was nominated as the AI and Virtual Asset Czar by President-elect Donald Trump, has been found to have made supportive remarks about Ripple (XRP) in the past.
According to CryptoBasic on the 5th (local time), David Sacks commented on the Ripple ruling through a podcast on July 14, 2023. Sacks stated, "Ripple won," and "the judge determined that Ripple's sale of XRP was not an investment contract." He further mentioned, "(Through the ruling) Ripple escaped the U.S. Securities and Exchange Commission (SEC)'s claim that it was a security," and "it has been proven that Ripple is not a security and is not subject to SEC investigation."
Furthermore, he quoted a tweet about Ripple's victory on X, evaluating it as "a big win for virtual assets."
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
