![]() ![]() On Wednesday, Senator Cynthia Lummis introduced a new crypto bull to deliver a regulatory framework. Whitehouse support to quash attempts to introduce legislation to address much-needed regulatory clarity. ![]() Appeal the Judge Torres Court ruling at the expense of taxpayers’ money.The SEC could reject one, some, or all the BTC ETF applications.While the XRP Community and the targeted altcoins and exchanges breathed a sigh of relief, investors may need to consider the implications of the ruling on the SEC and its approach toward the US digital asset space. We can still do OLD in the US, as long as XRP is never sourced from Ripple.”īitcoin ETFs, Taxpayers Money, and Bipartisan Crypto Legislation We don’t currently have ODL-related sales with a US nexus, and not being able to do so is not really a huge deal. Ripple CTO David Schwartz had this to say, However, Ripple has been growing its business overseas because of the SEC v Ripple case, which should limit the impact of such a ruling on the Ripple business. Judge Torres grouped institutional investors with ODL users despite ODL users holding XRP for seconds and solely for remittance purposes. Judge Torres ruled that XRP Programmatic Sales are not securities, while direct XRP sales to institutional investors and ODL users meet elements of the Howey Test and are, therefore, securities. As investors resigned themselves to a post-summer Court ruling from the SEC v Ripple case, Judge Analisa Torres caught the crypto markets with a surprise ruling on Thursday. XRP Hit $0.93 in Reaction to the SEC v Ripple Court Ruling ![]()
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