SEC to Contest Judge’s Ruling on XRP’s Security Status
posted 10 Aug 2023
US District Judge Analisa Torres in New York had previously indicated that XRP sales to sophisticated investors fulfilled the criteria for an investment contract under federal securities law
However, this characterization didn’t extend to programmatic investors, which pertains to the general public buying crypto through exchanges.
However, this characterization didn’t extend to programmatic investors, which pertains to the general public buying crypto through exchanges.
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