Ripple's partial victory catalyzed massive inflows from institutional investors, according to a recent report by CoinShares. This supports a bullish thesis for
XRP holders could continue trading the altcoin across exchanges with the token’s growing utility. This implies the altcoin is likely safe from delisting or large volume selling pressure driven by the SEC’s interlocutory appeal.At the time of writing, XRP is trading at $0.6058 on Binance. The altcoin erased gains from the past week and hit a monthly low at $0.5807. XRP price is in a multi-month uptrend, and the altcoin awaits bullish catalysts to drive recovery in the short term.
While the judge ruled that programmatic sales aren’t considered securities, sales of XRP tokens to institutional investors are indeed investment contracts. In this last case, Ripple did breach the US securities law and will need to keep litigating over the around $729 million it received under written contracts.The ruling offers a partial win for both Ripple and the SEC, depending on what one looks at.
Ripple gets a big win over the fact that programmatic sales aren’t considered securities, and this could bode well for the broader crypto sector as most of the assets eyed by the SEC’s crackdown are handled by decentralized entities that sold their tokens mostly to retail investors via exchange platforms, experts say.
Still, the ruling doesn’t help much to answer the key question of what makes a digital asset a security, so it isn’t clear yet if this lawsuit will set precedent for other open cases that affect dozens of digital assets. Topics such as which is the right degree of decentralization to avoid the “security” label or where to draw the line between institutional and programmatic sales are likely to persist.
While defendants can use parts of Ripple’s ruling in their favor, the SEC can also find reasons in it to keep its current strategy of regulation by enforcement.The court decision is a partial summary judgment. The ruling can be appealed once a final judgment is issued or if the judge allows it before then. The case is in a pretrial phase, in which both Ripple and the SEC still have the chance to settle.
日本 最新ニュース, 日本 見出し
Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。
Bitcoin & Ethereum After Ripple Wins SEC Case: Preparing for an AdvanceCryptocurrencies jumped after a US judge ruled on Thursday that Ripple Labs Inc did not violate federal securities law by selling its XRP token on public exchanges. Technical charts suggest Bitcoin and Ethereum could be preparing for another leg higher.
続きを読む »
Law Professors Blast SEC's Concept of Investment Contract in Amicus Brief – Bitcoin NewsSix professors of law from different US universities have filed an amicus brief backing Coinbase's position in its battle against the U.S. Securities and Exchange Commission (SEC).
続きを読む »
SEC delays decision on ARK 21Shares spot bitcoin ETF: CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Puneet Singhvi of Citi discusses how institutions are making use of crypto and blockchain technology in their portfolios and businesses.
続きを読む »
SEC Delays Ark Invest’s Spot Bitcoin ETF, Opens Proposal to Public for CommentsCryptoNews: The United States Securities and Exchange Commission (SEC) has delayed its decision regarding the approval or disapproval of a spot Bitcoin exchange-traded fund (ETF) filed by ARK Invest. 👀
続きを読む »
Law Professors Blast SEC's Concept of Investment Contract in Amicus BriefThe brief backing Coinbase's position concludes that 'an investment contract requires contractual undertakings to deliver future value reflecting the income, profits, or assets of a business.'
続きを読む »
Sen. Lummis joins call for dismissal of the SEC's case against CoinbaseSen. Cynthia Lummis, R-Wyo., urged a New York district court to dismiss the SEC’s lawsuit against crypto exchange Coinbase.
続きを読む »