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

Jul 14, 2023

Join Paul Grewal, Chief Legal Officer at Coinbase, and Mike Selig, Counsel at Wilkie Farr & Gallagher, as they delve into a landmark U.S. court ruling declaring XRP is not a security. They discuss the ruling's implications for other cryptocurrencies and celebrate a hopeful shift in regulatory oversight. The duo examines the SEC's diminishing influence, the potential for broad legal precedents affecting token holders, and the need for clearer regulations in the evolving crypto landscape.

41:51

Creator website

Episode guests

Mike Selig

Paul Grewal

Highlights

AI Chapters

Episode notes

Judge clarifies that assets and transactions on exchanges are not securities

03:03

SEC's Burden of Proof for Assets Subject to Howie Test

01:49

Intro

4min

Celebrating a Landmark Ruling in Cryptocurrency Law

2min

Transformational Rulings and the Future of Crypto Regulation

3min

Ripple's Landmark Ruling on XRP Status

19min

XRP Ruling and Its Ripple Effect

7min

Understanding Securities Law in Crypto

9min

Navigating the Crypto Regulatory Maze

16min

A U.S court has ruled that XRP is not a security, and if XRP is a security then what implications does this have for other tokens?

Joining us today is Paul Grewal and Mike Selig, both experts in their respective fields who are here to help walk us through the implications of this court decision and what it means for our industry as a whole. ------ 🚀 Join Ryan & David at Permissionless in September. Bankless Citizens get 30% off. 🚀 https://bankless.cc/GoToPermissionless

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----- TIMESTAMPS:

0:00 Intro 4:18 Great Day to Be a Lawyer 7:47 Was This a Surprise? 9:27 TLDR on the Ripple Case 16:08 What is a Security? 20:18 How Binding is This Decision? 27:05 Establishing a Precedent 31:47 SEC's Argument Falling Apart? 38:28 Opening The Door to More Tokens 42:37 What Does This Mean for Token Holders? 47:57 How Does This Impact US Regulation? 53:29 The Fight Ahead

----- RESOURCES:

Mike Selig https://twitter.com/MikeSeligEsq

Paul Grewal https://twitter.com/iampaulgrewal

----- Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research.

Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here: https://www.bankless.com/disclosures