Has Ripple ($XRP) won, or will the SEC appeal? What’s next? Check here -
Now that the ruling is out, some of the above, such as Coinbase, Crypto.com, Kraken, and Bitstamp,Well, as we mentioned above, the allegations are two-fold, and Judge Torres confirmed the position of the SEC in regard to institutional sales.…Therefore, having considered the economic reality and totality of circumstances surrounding theconstituted the unregistered offered and sale of investment contracts in violation of Section 5 of the Securities Act.
While disappointed on what they said about retail investors, we’re still looking at it and assessing that opinion. His speech itself was stuttered, and it appeared at times that Gensler was at a loss for word on stage at the National Press Club on July 17th. That said, it’s also clear that the SEC is likely not going to let this go. However, the fact that XRP got re-listed on multiple exchanges because of the most recent ruling is a huge victory for Ripple. More importantly, the ball is in the SEC’s court now and it’s interesting to see if they will file an appeal.
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