Judge Hands SEC a Massive Loss Denying Theory That Tokens Are Always Securities
The Breakdown
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The SEC's 140-to-Nothing Win-Loss Record Is Now Broken
Congressman Richie Torres also called for a public investigation into the SEC. Secretary Collins Beltan wrote, It sounds like the SEC is about to severely regret not engaging in rulemaking the past few years. If there's no movement towards bipartisan legislation now, there probably won't be before the 2024 election. James Murphy at Metalaw Man writes, The ruling that XRP is not itself an investment contract is a significant blow to the SEC's case against crypto exchanges.
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