In the lawsuit, SEC accused Ripple and two of its top executives of selling over $1.3 billion worth of XRP it terms as a security. Reacting to the lawsuit, Charles Hoskinson admitted that Ripple’s digital token XRP is not a security, but questioned its mode of distribution. Read Also:Eve...
The crux of the lawsuit involves whether Ripple's token – XRP – is itself a security under the federal securities laws or if the underlying transactions involving XRP were securities transactions. This analysis turned on the court's application of the multipart test established by the U....
“The lawsuit would still allow Apple to develop its in-house digital financial and other services,” Open Markets Institute senior legal analyst Daniel Hanley told MM. “But by seeking to end Apple’s coercive practices, the government aims to ensure that consumers have access to non-Apple alt...