1min chapter

Bankless cover image

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

Bankless

CHAPTER

The SEC's Refusal to Acknowledge the Distinction Between Exchange Trading and Securities

The SEC's refusal to acknowledge that distinction is what created so much uncertainty for a lot of us. Judge Torres said, let me lay this all out so everybody can understand. She squarely ruled in favor of exchange trading in the XRP case, not being a security. And I think this is a reflection of the care with which she wrote her opinion as to say what the asset might be."

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