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From every lawyer I spoke to about this, this was not a win for Ripple but the SEC. They were found guilty of unregistered offerings to institutional. There's
by zeryx 3y ago
From every lawyer I spoke to about this, this was not a win for Ripple but the SEC.
They were found guilty of unregistered offerings to institutional. There's no way that the jury/judge won't take that prior decision into account with the non-institutional tranche. Somehow this was spun as a good thing?
- pcthrowaway 3y agoI know a lawyer who happens to have a CS background who specializes in technology and cryptocurrency law. IIRC he was saying this was more of a win for Ripple/crypto, as it paved a path for crypto projects to not be classified as securities
- wonderwonder 3y agoI'm not sure. After this ruling every platform quickly relisted xrp. I assume they have pretty good attorneys who looked at the ruling and essentially declared "game on".