Ripple recorded partial success in court: Effects on Cardano and Solana

Ripple recorded partial success in court: Effects on Cardano and Solana

ripple triumphs in court - Cardano and Solana could benefit

In a groundbreaking judgment, Ripple was able to record a partial success in court. The judgment has far -reaching implications for the entire industry and could also be advantageous for Cardano (ADA) and Solana (Sol).

The court found that XRP, the cryptocurrency of Ripple, is not a security, at least in the context of certain transactions. According to the judgment, the sale of XRP to institutional investors is assessed as an investment contract. However, Ripple's programmatic sales via stock exchanges in which the buyers had no reason to invest directly in the company were not classified as securities.

The question of how this statement is to be assessed creates different opinions. The court ruling did not deal with XRP on the secondary market, but emphasized that the individual case constellation had to be taken into account. Coinbase and octopus are of the opinion that the trade in XRP on stock exchanges does not violate the securities law and have therefore re -included the cryptocurrency.

The context is crucial. The judgment states that XRP is not an investment contract and therefore does not represent a security. However, in certain cases, sales of XRP can be regarded as a securities offer. This could mean that projects such as Cardano and Solana could be successfully sued by the SEC if they sold native tokens to institutional investors in advance.

Solana could have particularly good cards here. Although they also sold institutional investors, they have followed the rules of the game. The sale was carried out as part of a so -called simple agree for future tokens (juice), in which no direct sale of tokens takes place, but the right to access to the cryptocurrency is granted. This procedure avoids the consequences from the Howey test and is also used by many other cryptocurrencies.

at Cardano the situation looks different. You sold your token Ada in 2015 in an initial coin offering (ICO). Since the sale took place from Japan, Cardano argues that the Sec has no responsibility. However, the SEC could still be responsible if the securities offered investors in the United States. It must be decided in individual cases when the responsibility is given.

It is also important to note that Cardano has a number of companies behind, which has parallels to the case of Ripple. In the course of the Howey test, this could be regarded as a feature that indicates a fact.

Although the SEC suffered a defeat in some cases, it was also able to win a victory. The sales of XRP to institutional investors amount to around $ 728 million. The amount of the punishment that Ripple and possibly his founders have to pay is based on this sum. This continues to motivate the SEC and shows that it not only does its job, but can also collect money.

Overall, all cryptocurrencies that have not been fully started are still a goal for the Sec. The development in this legal struggle is far from over.