Mini Alt Season
Jul 20, 2023
• 9
Min Read
Final Thoughts on Ripple Decision
In June, we identified the Ripple case as a possible catalyst for altcoins, as indications of progress for the defendants surfaced. Just last week, Ripple achieved a partial victory, likely benefiting altcoins targeted by the SEC and potentially prompting a shift towards a more legislative approach rather than an enforcement-focused one.
The court ruled that Ripple Labs' transactions of $XRP to institutional investors constituted securities transactions. However, programmatic sales on exchanges, distributions to employees, ...