Ripple v. SEC: Regulator's defeat sparks chief legal officer's fiery retort xrparmy xrpcommunity xrpl xrpledger xrpthestandart ripple ripplesec $xrp
Although the Securities and Exchange Commission found itself on the losing side, it did not remain silent. In a rather salty statement, the regulatory body emphasized that the court agreed with certain aspects of the SEC's case. Notably, it confirmed that institutional token sales indeed violate federal securities laws, and the venerable Howey test remains a legitimate and sufficient evaluation tool.
Unsurprisingly, the SEC's pronouncement generated a wave of strong reactions. Among them, Katie Biber, chief legal officer at Paradigm, shared her opinion on the matter.SEC Statement on Ripple has vibes of young campaign hack spinning on bad facts, vs powerful government agency expected to tell the truth. Do better.
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