Court Distinguishes XRP Sales Types in Latest Ripple Ruling, Schwartz Claims SEC Theory Narrowed

XRP-2.37%
According to Odaily, a recent court ruling in the ongoing Ripple vs. SEC case distinguished between different transaction types involving XRP. The court found that certain institutional sales of XRP constitute investment contracts, while Ripple's programmatic exchange sales do not. Ripple CTO Emeritus David Schwartz stated that the court's distinction effectively narrowed the broader legal theory previously advanced by the SEC, which had argued that all XRP sales qualified as securities transactions based on holder expectations of profits from Ripple's efforts.
Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.
Comment
0/400
No comments