Ripple-SEC XRP Lawsuit May Head to Supreme Court
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Insights from the SEC's Crypto Litigation Expert
Ladan Stewart, a former chief of the SEC's crypto litigation unit, spoke at a panel at Columbia Business School, sharing insights into the agency's regulatory approach. Stewart's remarks indicated the SEC's confidence in proceeding with regulatory actions in the crypto space, reinforced by Judge Failla's decision in the Coinbase case.
Potential Supreme Court Case
Stewart also acknowledged the likelihood of one of the lawsuits against companies like Ripple and Coinbase escalating to the Supreme Court. This development could provide definitive clarity on whether certain digital assets should be classified as securities within the crypto space.
Discussions on Digital Asset Regulations
The panel discussion touched upon broader implications of how digital assets are treated under US law, with ongoing disputes about whether tokens themselves are securities or if their sale creates an investment contract. Legal experts on the panel, including Rebecca Rettig from Polygon and Lewis Cohen from DLx Law, offered contrasting views on the practical implications of the SEC's regulatory approach.
Future of Crypto Regulation in the US
The dialogue highlighted a central dilemma for the crypto industry: how can companies operate within the law if the rules remain unclear or impractical? This question remains at the heart of ongoing disputes and is pivotal to the broader conversation on the future of crypto regulation in the United States.
Ripple's CEO, Brad Garlinghouse, has previously expressed his resolve to battle the SEC over the status of XRP, stating, "We are in it till the end." Stuart Alderoty, Ripple's Chief Legal Officer, noted last year that the Supreme Court has consistently ruled against the SEC in various cases over recent years.
As of now, XRP is trading at $0.49659. The outcome of this lawsuit could have far-reaching consequences for the cryptocurrency industry and its regulatory landscape.