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How Ripple's Win Reshapes Crypto with Paul Grewal & Mike Selig
Bankless
Judge clarifies that assets and transactions on exchanges are not securities
The judge clarified that the scenario she was addressing was not the one involving exchanges and the buying and selling of assets/nAssets themselves are not securities, and transactions on exchanges involving those assets are not securities transactions/nThe SEC's argument of conflating initial sales with secondary sales is contradicted by judicial decisions in cases like kick, telegram, and library/nThe Ripple case distinguishes between the investment contract and the token itself, stating that XRP is not an investment contract/nThe telegram court determined that ton (the token) is computer code, not a security/nThe library case did not classify the library token itself as a security
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