Explainer – What makes a crypto asset a security in the US?

Published by
Reuters UK

By Jody Godoy (Reuters) – Cryptocurrency companies that have resisted U.S. regulatory oversight, arguing digital assets are not securities, won a court victory this week. On Thursday Ripple Labs got a landmark ruling from a federal judge who said some of the company’s XRP token sales were not subject to securities laws. WHAT DID THE RIPPLE JUDGE SAY? U.S. District Judge Analisa Torres in New York found some digital token sales by Ripple did not violate the law as alleged by U.S. Securities and Exchange Commission. The SEC sued Ripple for conducting an unregistered offering of $1.3 billion in X…

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