“In his ruling, U.S. District Judge Jed Rakoff of the Southern District of New York rejected Judge Torres’ distinction between institutional sales and sales to retail investors on crypto exchanges, which he characterized as a misinterpretation of the Howey test used to determine if an asset is a security,” analysts led by Mark Palmer wrote.
Related posts
-
SEC Now Demands $102.6 Million Penalty From Ripple in XRP Case
The U.S. Securities and Exchange Commission (SEC) is now... -
Investors flock to Rollblock amid Polygon and Ripple struggles
Disclosure: This article does not represent investment advice. The content and materials featured on this page... -
Coinbase’s State of Crypto report: Here’s what we learned
A staggering 86% of Fortune 500 executives believe tokenization could be valuable for their companies —...