According to Stu Alderoty (s_alderoty), CLO of Ripple, an SEC appeal will strengthen and uphold the judge’s decision! What impact could this have on the cases against Binance and Coinbase? Read more here -
that XRP constitutes security when sold to institutional clients, not the general public or in secondary markets.
Alderoty said Ripple will not be frightened by the SEC’s appeal as the move will not only affirm Judge Torres’ decision but may even amplify it to a greater extent.The Ripple CLO further said the XRP ruling could significantly impact the SEC’s cases against Binance and Coinbase – two of the world’s largest cryptocurrency exchanges – because the decision clarified that the trading of crypto assets does not constitute investment contracts and, therefore, are not securities.
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