Everything You Need To Know About the SEC vs. Ripple Lawsuit
The SEC vs Ripple has been a landmark case for the crypto industry and recently the Judge presiding over the case ruled that Ripple did not violate securities law in selling its XRP token via public exchanges.
In this episode, Ian Andrews, brings on securities law and blockchain expert, Lewis Cohen, co-founder of DLX Law, who explains this case is far from over and still has serious implications for the crypto industry.
Lewis provides a background on securities laws and how they may apply to cr...
Everything You Need To Know About the SEC vs. Ripple Lawsuit
The SEC vs Ripple has been a landmark case for the crypto industry and recently the Judge presiding over the case ruled that Ripple did not violate securities law in selling its XRP token via public exchanges.
In this episode, Ian Andrews, brings on securities law and blockchain expert, Lewis Cohen, co-founder of DLX Law, who explains this case is far from over and still has serious implications for the crypto industry.
Lewis provides a background on securities laws and how they may apply to cryptocurrency, ICOs and NFTs and how decentralization is not the sole determining factor in whether a token is a security or not.
He analyzes the judge's ruling in the Ripple case, highlighting the distinction between institutional sales, programmatic sales, and other distributions, while explaining the impact on exchanges and the ongoing litigation of other major crypto trading platforms.
Minute-by-minute episode breakdown
- (2:35) - Introduction and background of Lewis Cohen and explanation asset backed securities
- (6:04) - The ICO boom and their similarity to traditional securities transactions
- (10:25) - Explanation of securities laws and the Howey test
- (17:06) - Clarification on the relationship between decentralization and securities laws
- (27:12) - Overview of the SEC's complaint against Ripple
- (33:02) - Analysis of Judge Torres' ruling on the Ripple case and explanation of institutional sales, programmatic sales and other distributions
- (36:05) - Impact of the ruling on exchanges and future lawsuits
- (41:37) - Explanation of the ongoing process and potential outcomes of the case
Related resources
Check out more resources provided by Chainalysis that perfectly complement this episode of the Public Key.
- Website: DLx Law: A new kind of law firm for a new kind of economy
- Publication: The Ineluctable Modality of Securities Law: Why Fungible Crypto Assets Are not Securities
- Lewis Cohen Twitter: Co-founder @dlxlawllp . Living on reds, vitamin C and blockchain (but not animals 🌱)
- Video Series: Ripple Case Win Breakdown - Web3 Wednesdays - Ep. 21
- Announcement: Deloitte and Chainalysis Announce Alliance to Provide Digital Asset Data and Analytics Solutions and Services
- Blog: How Did Crypto Markets React to Judge’s Ruling that Ripple Exchange Sales Did Not Violate Securities Law?
- YouTube: Chainalysis YouTube page
- Twitter: Chainalysis Twitter: BuildCareers at Chainalysising trust in blockchain
- Tik Tok: Building trust in #blockchains among people, businesses, and governments.
- Telegram: Chainalysis on Telegram
Speakers on today’s episode
- Ian Andrews * Host * (Chief Marketing Officer, Chainalysis)
- Lewis Cohen (Co-Founder, DLx Law)
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