andarme92
@andarme92
As the first major crypto case, rulings in Ripple would be highly influential in the legal posture of the industry. Most notably, a 2023 summary judgment ruling in which Judge Analisa Torres granted the company a partial victory, holding that blind bid-ask sales of XRP did not constitute securities because “they did not derive [an expectation of profit]” from Ripple’s efforts [because buyers were not aware] that they were buying XRP from Ripple.”
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