BudBlockz looks promising in Presale; XRP scores a victory in its SEC case

Avid crypto investors are constantly looking for their next significant investment, trying to find a crypto token with a great use case, great returns, or both.

BudBlockz Appears Promising in Its Presale

Cryptocurrency presales can be a minefield to navigate, but they provide some of the best opportunities for rapid growth. Experienced and new investors who discover the next thing before hitting the public crypto exchange can see exceptional gains.

BudBlockz is a cannabis-centric blockchain and NFT platform developed to bring together cannabis users, dispensaries, farms, cafes, and other businesses related to Cannabis. The platform seeks to create an eCommerce marketplace for cannabis products. Since the marketplace will be based on blockchain, it will offer marijuana enthusiasts a platform to buy their favorite products securely, safely, and privately.

BudBlockz plans on establishing cannabis dispensaries in jurisdictions that have already legalized weed. BudBlock ecosystem members will have the opportunity to participate in the industry’s growth by buying Ganja Guruz NFTs, which will let them own a percentage of farms, dispensaries, and businesses in the marijuana sector.

BudBlockz is the first cryptocurrency project in the world that enables cannabis lovers to purchase NFTs backed by businesses that will pay investors dividends. BudBlockz platform is the first of its kind to introduce a way to help cannabis enthusiasts outside the regions that have legalized cannabis in the ecosystem.

Its native token is BLUNT. The token holders will have a foothold in the governance of the cryptocurrency ecosystem and its development. For example, they can forward their ideas and vote on proposals by other members. The BudBlockz platform makes decision-making straightforward, and users can choose their involvement levels.

BudBlockz investors enable them to gain exposure in the cannabis industry and crypto sector, regardless of the region’s local laws. Securing NFTs that offer partial ownership to the marijuana business allows worldly investors exposure to the marijuana industry, including the capability to gain profits from the industry’s growth.

Ripple Claims a Big Win in SEC Case

Ripple has secured a victory against the SEC after being slammed with a security fraud case. The presiding judge ruled a colossal win for Ripple.

The SEC filed a suit in 2020 against Ripple and executives Christian Larsen and Brad Garlinghouse for selling unregistered securities.

Sarah Neburn, the Presiding Judge, denied the SEC’s request to re-check shielding documents under privilege associated with a speech made in June 2018 by William Hinman, the then-director of the SEC. In the speech, Hinman stated Bitcoin and Ether aren’t securities.

The SEC didn’t object to those documents falling outside deliberative process privilege protection, as it recommended; they only concerned personal views of Hinman’s and not SEC policies.

Some of the documents are exempted from being disclosed by the government by the DPP, so it can review the existing policies confidentially on the document materials.

The SEC argued that the speech reflected the policies of Ripple instead of the personal views of Hinman and had to be protected. But Judge Netburn stated that the SEC shouldn’t contradict itself in trying to flip on its assertions. So, she rejects the appeal to reconsider. The judge said that the SEC is seeking to have it both ways. However, the speech either wanted to reflect the agent’s policy or it was not. Since the SEC had insisted that it showed Hinman’s personal views, the SEC can’t reject its position.

Critics have argued that SEC is regulated by enforcement instead of clearly communicating how cryptos and tokens should fit into existing security rules. The situation has been made more complicated by who the SEC has sued.

It is clear that there is a smoking gun in the correspondence of Hinman that will clear it up for Ripple or the industry. However, it is necessary to keep in mind that Hinman quit SEC after this controversial speech to work for Andreessen Horowitz, a company associated with the Ethereum Foundation. Ripple and SEC have asked the judge to rule based on the evidence available without bringing the case to trial. Ripple’s victory might cause the SEC to back off its actions against the cryptocurrency industry.

Bottom Line

BudBlockz is using its private sale to demonstrate the feasibility of its long-term value proposition and use cases. The initiatives funded by the pre-launch sales of BLUNT are a marketplace of asset-backed NFTs, which allow its users to support specific cannabis-related companies directly. 

BudBlockz sets itself apart from the whole earlier generation of cannabis-related cryptocurrencies. BudBlockz is off to a promising start, and everything points towards the fact that BudBlockz investors will make it big in the future.

Learn more about BudBlockz (BLUNT) at the links below:-

Official Website: https://budblockz.io/
Presale Registration: https://app.budblockz.io/sign-up
Telegram Group: https://t.me/BudBlockz
Discord Server: https://discord.gg/s7hBFgvTmN 
All BudBlockz Links: https://linktr.ee/budblockz

Mark Peterson

Mark Peterson has been following the crypto market for the past seven years. As a crypto news journalist, he has recently joined our team. He regularly delivers the most recent happenings of the crypto space. He enjoys writing poems and exploring various crypto trading platforms in his spare time.

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