2min chapter

Bankless cover image

How Ripple's Win Reshapes Crypto with Paul Grewal & Mike Selig

Bankless

CHAPTER

Judge Tory's Decision on Secondary Trading on Exchanges

Judge Forrest was clear in distinguishing the tokens on the one hand from transactions involving the tokens. Some people, I think, in reading the opinion perhaps too quickly have confused things on this point. It's going to be important for new projects or existing projects to be mindful that just because you're dealing or peddling in orange grows doesn't mean you still can't be on the hook for a securities law violation.

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