SEC v. Ripple: Top Lawyer Highlights “Open Question” in Major Case

As legal proceedings ramp up in the US, the crypto sector attracts more and more attention from Securities and Exchange Commission. Currently, the SEC is embroiled in disputes against Ripple, as well as crypto-lux spots such as Bittrex, Genesis & Gemini, Coinbase, and Binance. Notwithstanding this, different decisions in some other cases could lead to far-reaching repercussions on the overall digital assets environment: the New York Attorney General maintaining that Ethereum is a security, a counter-situation –Hodl Law– speaking to ETH non-status as security, Grayscale pushing to get their Bitcoin Trust (GBTC) converted as an Exchange Traded Fund (ETF) & so forth.

All in all, the legal contours looking ahead could decisively influence what constitutes as security in the active cryptocurrency milieu, dynamically guiding that territory as further regulations and clarity are ushered in.

Robert Wilson author
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