New Order in SEC vs. Ripple Over XRP Is a Win for Crypto: What Happens Now? - Ep. 518

Published: July 14, 2023, 11 a.m.

b"The SEC and Ripple have been locked in a legal tug of war for years, stirring up waves of controversy and debate in the crypto community. Finally, Judge Analisa Torres has given an order establishing that XRP buyers trading on exchanges were not, in fact, engaging in a securities transaction, a decision that could have far-reaching implications for the industry. Lewis Cohen, co-founder of DLx Law, unpacks the details of this pivotal case and what it might mean for the future of cryptocurrency regulation.\\n\\nListen to the episode on Apple Podcasts, Spotify, Overcast, Podcast Addict, Pocket Casts, Stitcher, Castbox, Google Podcasts, Amazon Music, or on your favorite podcast platform.\\nShow highlights:\\n\\nwhy the SEC lawsuit against Ripple has such historical significance in the crypto industry\\n\\nhow Judge Torres split the case into two categories\\xa0\\n\\nwhy the 'programmatic buyers' did not meet the four prongs of the Howey test\\n\\nwhy the institutional sales constituted an investment contract\\xa0\\n\\nwhat makes the Ripple case different from the Kik and Telegram cases\\n\\nwhether the new ruling by Judge Torres will have an impact on how other crypto projects deal with their offerings\\n\\nwhy, in the event of an appeal, Lewis expects a Second Circuit decision to take at least one year\\n\\nwhether Judge Torres' decision will impact the ongoing cases against crypto exchanges like Coinbase\\n\\nwhy Lewis thinks the XRP order will not change the likelihood that spot bitcoin ETFs get approved\\n\\nhow there's no way to deal with information asymmetries in digital assets now\\n\\nThank you to our sponsors!\\n\\nCrypto.com\\n\\nRailgun DAO\\n\\nOndo Finance\\n\\nArbitrum Foundation\\n\\nGuest\\n\\n\\nLewis Cohen, Cofounder DLx Law\\n\\nPrevious appearances on Unchained: The Lummis/Gillibrand Crypto Bill: Is the \\u2018Ancillary Token\\u2019 Approach the Best\\n\\n\\nLinks\\n\\nPrevious coverage of Unchained on the Ripple case:\\xa0\\n\\nThe SEC's Lawsuit Against Ripple and 2 Execs: What You Need to Know\\xa0\\n\\nRipple's XRP: Why Its Chances of Success Are Low\\n\\nCoinDesk: Ripple, Crypto Industry Score Partial Win in SEC Court Fight Over XRP\\n\\n\\nThe Ineluctable Modality of Securities Law: Why Fungible Crypto Assets Are not Securities\\n\\nParadigm Files Amicus Brief in SEC\\u2019s Lawsuit Against Ripple\\n\\nThe Block: Lummis, Gillibrand to introduce revised comprehensive crypto bill\\xa0\\n\\n\\n\\nLearn more about your ad choices. Visit megaphone.fm/adchoices"