COMMENT
2023.07.19
Analyzing the Outcome of The U.S. Ripple Lawsuit And Anticipating Future Regulatory Direction
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On July 13, the U.S. Federal District Court's New York Southern Court ruled that the sale of the cryptocurrency XRP developed by Ripple through virtual asset transactions cannot be viewed as stocks. This is a case filed by the SEC for violating the U.S. Federal Securities Act, which seems to have ended the long-standing debate over whether cryptocurrencies are securitized in the U.S. On the other hand, the court certified that Ripple's XRP sold to institutional investors are stocks. Partner lawyer Ohoon Kwon and Attorney (New York) Hyungsun Kim analyzed and predicted future regulatory directions based on the results of this ruling.
URL : Analyzing The Outcome Of The U.s. Ripple Lawsuit And Anticipating Future Regulatory Direction
