3min chapter

Forward Guidance cover image

It Can Always Go Higher | "On The Margin" Round Up with Byron Gilliam and Jack Farley

Forward Guidance

CHAPTER

Coinbase's Rally in the Traditional Financial Markets

The Ripple ruling was a bigger win for Coinbase, even than it is for Ripple. The judge declared that the initial sales of XRP were securities. And that could turn out to be a very expensive thing for Ripple. But the same judge ruled that the secondary transactions are not investment contracts and therefore not securities. To me, that means justCoinbase is completely off the hook from a regulatory perspective.

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