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SEC and FTC Lose Major Cases

Bloomberg Law

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The Ripple Decision Is a Game Changer for Cryptocurrency Regulation in the United States

The decision in the Ripple case is usually important because it really shifts the legal landscape. This is going to be a big game changer, in my opinion, with regards to how cryptocurrency is regulated in the United States. But this is a ruling by one judge. Are people reading too much into this? Should we wait for an appellate court ruling? I mean, do other judges in Manhattan even have to follow this decision? The decision itself is very well written. And the reasoning behind the decision, perhaps even more importantly, is very logical. And I think we'll be very persuasive to other judges.

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