4 ms·

The SEC just lost its case against Ripple, so I don’t know what’s happening on the regulatory front.

• raesene9 3y ago
  It didn't lose the whole case, it lost certain summary judgement issues, and prevailed on others, the real case there is still to come. It was overall a bit of a win for ripple but far from the end of the game.
• treyd 3y ago
  The ruling published yesterday was just summary judgements which can be appealed. The actual trial hasn't even happened yet.
  • monero-xmr 3y ago
    The trial isn’t interesting. The summary judgment says it’s legal to sell cryptocurrencies if you do so anonymously on retail exchanges, and the tokens also are not securities. Very interesting outcome. The appeals are likely to fail from my reading of various analyses.
    • ac29 3y ago
      > The summary judgment says it’s legal to sell cryptocurrencies if you do so anonymously on retail exchanges, and the tokens also are not securities. This is a misrepresentation. The ruling says some specific XRP sales by Ripple via exchanges were not investment contracts. It does not say they are not securities, nor does it say that it is broadly "legal to sell cryptocurrencies" on exchanges.
      • monero-xmr 3y ago
        Head of legal for Coinbase disagrees with you: https://twitter.com/iampaulgrewal/status/1679962578808709122?s=46&t=rj0k1HNugWNJfCGKyfSjQg https://twitter.com/iampaulgrewal/status/1679962578808709122...