“The court declines to find as a matter of law that a reasonable investor would have derived any expectation of profit from general cryptocurrency market trends, as opposed to Ripple’s efforts to facilitate XRP’s use in cross-border payments, among other things,” Hamilton wrote. “Accordingly, the [court] cannot find as a matter of law that Ripple’s conduct would not have led a reasonable investor to have an expectation of profit due to the efforts of others.”
Related posts
-
Long Dormant Whale Sends $61M BTC to Coinbase, OnChain Data Shows
The so-called old hands have been selling coins this quarter, adding to bearish pressures in the... -
Dormant Bitcoin miner sends $3m to Binance after 14 years of inactivity
A rare “Satoshi era” Bitcoin miner address woke up after being dormant for 14 years, sending... -
Ripple (XRP) Leverages Blockchain to Overcome Payment Reconciliation Challenges
Ripple (XRP) is making strides in revolutionizing global payments by addressing...