SEC Case Had ‘Almost No Impact’ on Ripple’s Talks With Central Banks, Says Exec
James Wallis said the decision that Ripple’s sale of XRP did not constitute investment contracts was a major victory, not just for Ripple but also for the industry.
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James Wallis said the decision that Ripple’s sale of XRP did not constitute investment contracts was a major victory, not just for Ripple but also for the industry.
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Coinbase and Binance have a new precedent to cite in court – if the decision survives potential appeal. That’s no sure thing, lawyers said.
A summary judgment partially in favor of payments network Ripple represents a milestone win for the crypto industry and provides legal clarity as to what does and doesn’t represent a security, J.P. Morgan wrote in a research note Friday.
The institutional sale of the XRP tokens did violate federal securities laws, a court ruled as it granted a motion for summary judgment in part on Thursday.