{"id":81772,"date":"2023-07-17T09:44:24","date_gmt":"2023-07-17T06:44:24","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=81772"},"modified":"2025-09-12T01:04:15","modified_gmt":"2025-09-11T22:04:15","slug":"opinion-ripple-court-ruling-a-good-result-for-the-crypto-industry","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/opinion-ripple-court-ruling-a-good-result-for-the-crypto-industry\/","title":{"rendered":"Opinion: Ripple court ruling a good result for the crypto industry"},"content":{"rendered":"<p>The court ruling in the <span data-descr=\"U.S. Securities and Exchange Commission\" class=\"old_tooltip\">SEC<\/span>&#8216;s case against Ripple has become \u201ca good result for the industry.\u201d This was said by former Andreessen Horowitz partner and Haun Ventures head Cathy Haun.<\/p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh5.googleusercontent.com\/kqaFZtCvYOK7zgH2ng6gGSSJUKpZ9HW5ClL1hCp6QK2P8NOPdatcHX1jjsNAbZK8RfodljeC7kNM5U4MpHyG-ooQvfUyBRE-zIVWv1S6uY8ewyWNxnmLcEis6FSEiZtnKQK0Tr1NiG89fVchmjRvtVo\" alt=\"Opinion: Ripple court ruling a good result for the crypto industry\"\/><figcaption class=\"wp-element-caption\">Data: <a href=\"https:\/\/twitter.com\/katie_haun\/status\/1680328987510292483\">Twitter<\/a>.<\/figcaption><\/figure>\n<p>On July 13, Judge Analisa Torres <a href=\"https:\/\/u1f987.com\/en\/news\/ripple-wins-case-against-the-sec-as-xrp-jumps-24-in-an-hour\">has come to the conclusion<\/a>, that the XRP token is not a security when sold on the secondary market. However, this ruling does not apply to the token&#8217;s offering to institutional investors.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cThe court took a sensible line, distinguishing between XRP (not an investment contract and, therefore, not a security) and certain XRP transactions in which institutional investors paid money directly to Ripple, and Ripple assumed contractual obligations, creating an investment contract in accordance with the [<a href=\"https:\/\/www.investopedia.com\/terms\/h\/howey-test.asp\">\u0442\u0435\u0441\u0442\u043e\u043c<\/a>] \u0425\u0430\u0443\u0438,\u201d the statement said.<\/p>\n<\/blockquote>\n<p>According to Haun, an appeal by the regulator is possible, but an &#8216;immediate&#8217; appeal seems unlikely:<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cThe Commission benefits from the current confusion, and a loss on appeal would jeopardize its entire enforcement program.\u201d<\/p>\n<\/blockquote>\n<p>Earlier JPMorgan analysts said that the XRP verdict <a href=\"https:\/\/u1f987.com\/en\/news\/jpmorgan-analysts-call-ripple-ruling-a-win-for-coinbase\">is beneficial to<\/a> Coinbase. In their view, a positive ruling regarding the token could be applied to 13 exchange-listed coins.<\/p>\n<p>As reported earlier, Coinbase <a href=\"https:\/\/u1f987.com\/en\/news\/coinbase-and-binance-announce-xrp-relisting\">announced the relisting<\/a> of XRP. Trading of the asset on the exchange<a href=\"https:\/\/u1f987.com\/en\/news\/coinbase-and-okcoin-halt-xrp-trading-amid-sec-lawsuit\">ceased<\/a> in December 2020, immediately after <a href=\"https:\/\/u1f987.com\/en\/news\/sec-files-suit-against-ripple\">the SEC&#8217;s filing of a suit<\/a> against Ripple.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The court ruling in the SEC&#8217;s case against Ripple was a &#8216;good result for the industry&#8217;.<\/p>\n","protected":false},"author":1,"featured_media":81773,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1138,112,128],"class_list":["post-81772","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-opinions","tag-ripple","tag-sec"],"aioseo_notices":[],"amp_enabled":true,"views":"56","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/81772","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=81772"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/81772\/revisions"}],"predecessor-version":[{"id":81774,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/81772\/revisions\/81774"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/81773"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=81772"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=81772"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=81772"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}