In a recent ruling on a legal battle involving Coinbase, the U.S. Second Circuit Court of Appeals made significant strides in bringing clarity to the regulation of crypto transactions. This decision serves as an important precedent, notably impacting the ongoing case between the U.S. Securities and Exchange Commission (SEC) and Ripple Labs regarding XRP.
John Reed Stark, a former SEC official, highlighted the significance of Judge Katherine Failla’s decision in rejecting the notion that secondary sales of crypto could be considered securities, noting that the prior judgment by Torres had dealt a blow to both Ripple and Coinbase. However, the latest ruling brought…
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