Ripple does not win any securities against Sec: XRP, further legal steps possible

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Ripple gewinnt teilweise den Rechtsstreit gegen die US-Börsenaufsicht SEC. Die New Yorker Richterin Analisa Torres entschied am 13. Juli, dass XRP kein Wertpapier ist, solange es an Privatanleger verkauft wird. Verkäufe an institutionelle Investoren gelten jedoch weiterhin als Wertpapierverkäufe. Ripple-Chef Brad Garlinghouse zeigt sich optimistisch und bezeichnet die Entscheidung bezüglich institutioneller Anleger als vernachlässigbar. Dennoch kann die SEC Berufung gegen das Urteil einlegen. Die ehemalige Staatsanwältin des US-Justizministeriums, Katie Haun, hält eine Berufung seitens der SEC jedoch für unwahrscheinlich. Sie ist skeptisch, ob die SEC tatsächlich Rechtsklarheit wünscht, da die Kommission von der derzeitigen Verwirrung profitiere. Haun bezeichnet das Urteil …
Ripple partly wins the legal dispute against the US stock exchange supervision Sec. The New York judge Analis Torres decided on July 13 that XRP is not a security as long as it is sold to private investors. However, sales to institutional investors continue to apply as securities sales. Ripple boss Brad Garlinghouse is optimistic and describes the decision regarding institutional investors as negligible. Nevertheless, the SEC can appeal against the judgment. The former public prosecutor of the US Justice Ministry, Katie Haun, considers an appeal to be unlikely. It is skeptical whether the SEC actually wants legal clarity because the Commission benefits from the current confusion. Haun denotes the judgment ... (Symbolbild/KNAT)

ripple partly wins the legal dispute against the US stock exchange supervision Sec. The New York judge Analis Torres decided on July 13 that XRP is not a security as long as it is sold to private investors. However, sales to institutional investors continue to apply as securities sales. Ripple boss Brad Garlinghouse is optimistic and describes the decision regarding institutional investors as negligible. Nevertheless, the SEC can appeal against the judgment.

The former public prosecutor of the US Justice Ministry, Katie Haun, considers an appeal to be unlikely. It is skeptical whether the SEC actually wants legal clarity because the Commission benefits from the current confusion. Haun describes the judgment as advantageous for the crypto industry, especially for ongoing procedures in the secondary market.

On the other hand,

John Reed Stark, a former lawyer in the Enforcement Division of the SEC, has a different opinion. He analyzes the court ruling and sees it as problematic. In his view, the decision is most likely contested and canceled, since it is only a decision by a single district judge.

Brad Garlinghouse sees the judgment as a success for Ripple, but emphasizes that the Sec would need years to make a call. A possible appeal can currently only be speculated.

The decision could have an impact on the US crypto industry and make the location for crypto service providers more attractive again, according to Hagen Weiss, legal advisory board of the business office in Denton. An appeal on the part of the SEC is possible, but not ideal.

It remains to be seen who will ultimately have the last word in the legal dispute between Ripple and the Sec. The decision with regard to institutional investors could be negligible, but the assessment that an appeal would take years is questionable. The further development and possible effects on the crypto industry in the United States remain.