3 ms·
>>Maybe it's explained better in the actual ruling, anyone have a link? The docket[1] has the ruling[2], but there's very little additional detail provided bey
by otoburb 3y ago
>>Maybe it's explained better in the actual ruling, anyone have a link?
The docket[1] has the ruling[2], but there's very little additional detail provided beyond the focus on "blind transactions" to invalidate one of the Howey prongs[3].
As an aside, thank goodness for Court Listener and the RECAP/PACER archive!
[1] https://www.courtlistener.com/docket/19857399/securities-and-exchange-commission-v-ripple-labs-inc/ https://www.courtlistener.com/docket/19857399/securities-and...
[2] https://www.courtlistener.com/docket/19857399/874/securities-and-exchange-commission-v-ripple-labs-inc/ https://www.courtlistener.com/docket/19857399/874/securities...
[3] https://www.sec.gov/corpfin/framework-investment-contract-analysis-digital-assets https://www.sec.gov/corpfin/framework-investment-contract-an...