Crypto community criticises Ripple's SEC win. Experts say Ripple's non-security status permits XRP and its creators to dump token holdings, boosting exchange selling pressure.
Crypto founders and developers "pumping and dumping" coins triggered massive market losses. XRP's non-security status may incentivize such attempts, damaging ecosystem participants.
XRP's "non-security" status threatens other cryptocurrencies.
Post-judgment XRP soared 74%. Cryptographers disagree. These pundits spotted weaknesses in Judge Torres' XRP decision that could hurt ecosystem traders.
dYdX founder Antonio Juliano asks how XRP, which has no purpose other than to be dumped in the market, is not a security for other cryptocurrencies.
Juliano cautions crypto investors of "pump and dump" schemes.