Tagged: SEC securities

person holding round gold colored coin

Ripple and the SEC Both Claim Wins in Split Court Decision

On July 13, 2022, Judge Analisa Torres issued her long awaited ruling on the summary judgment motions in the SEC’s case against Ripple Labs, Inc. (“Ripple”).  The 34-page order provided a win for both the SEC and for Ripple Labs, suggesting that some sales of Ripple’s XRP token constituted securities, but that other sales did not.  Proponents of the cryptocurrency industry celebrated this ruling, as...