New Order in SEC vs. Ripple Over XRP Is a Win for Crypto: What Happens Now? - Ep. 518

Unchained

Laura Shin

Tech News, Business News, News

4.6 • 1.3K Ratings

🗓️ 14 July 2023

⏱️ 48 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

The SEC and Ripple have been locked in a legal tug of war for years, stirring up waves of controversy and debate in the crypto community. Finally, Judge Analisa Torres has given an order establishing that XRP buyers trading on exchanges were not, in fact, engaging in a securities transaction, a decision that could have far-reaching implications for the industry. Lewis Cohen, co-founder of DLx Law, unpacks the details of this pivotal case and what it might mean for the future of cryptocurrency regulation. Listen to the episode on Apple Podcasts, Spotify, Overcast, Podcast Addict, Pocket Casts, Stitcher, Castbox, Google Podcasts, Amazon Music, or on your favorite podcast platform. Show highlights: why the SEC lawsuit against Ripple has such historical significance in the crypto industry how Judge Torres split the case into two categories why the 'programmatic buyers' did not meet the four prongs of the Howey test why the institutional sales constituted an investment contract what makes the Ripple case different from the Kik and Telegram cases whether the new ruling by Judge Torres will have an impact on how other crypto projects deal with their offerings why, in the event of an appeal, Lewis expects a Second Circuit decision to take at least one year whether Judge Torres' decision will impact the ongoing cases against crypto exchanges like Coinbase why Lewis thinks the XRP order will not change the likelihood that spot bitcoin ETFs get approved how there's no way to deal with information asymmetries in digital assets now Thank you to our sponsors! Crypto.com Railgun DAO Ondo Finance Arbitrum Foundation Guest Lewis Cohen, Cofounder DLx Law Previous appearances on Unchained: The Lummis/Gillibrand Crypto Bill: Is the ‘Ancillary Token’ Approach the Best Links Previous coverage of Unchained on the Ripple case: The SEC's Lawsuit Against Ripple and 2 Execs: What You Need to Know Ripple's XRP: Why Its Chances of Success Are Low CoinDesk: Ripple, Crypto Industry Score Partial Win in SEC Court Fight Over XRP The Ineluctable Modality of Securities Law: Why Fungible Crypto Assets Are not Securities Paradigm Files Amicus Brief in SEC’s Lawsuit Against Ripple The Block: Lummis, Gillibrand to introduce revised comprehensive crypto bill Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	If you've been enjoying Unchained and find the discussions here fascinating, mind-blowing,
0:04.7	or as Crypto tends to be, downright bonkers, please share this episode with a friend to
0:09.7	keep the conversation going.
0:11.5	Hi everyone, welcome to Unchained, you're a no-hype resource for all things crypto.
0:19.6	I'm your host, Laura Shin, author of the Cryptopians.
0:23.2	I started covering crypto eight years ago, and as the senior editor at Forbes was the
0:27.0	first mainstream media reporter to cover cryptocurrency full-time.
0:30.3	This is the July 14, 2023 episode of Unchained.
0:34.9	Arbitram's leading Layer 2 scaling solution offers you ultra-cheap and lightning fast transactions,
0:40.5	all with security rooted on Ethereum.
0:42.9	Visit Arbitram.io today.
0:45.7	Ever wanted to use DeFi without being trapped?
0:48.4	Railgun is a leading DeFi privacy solution on Ethereum, BSC, Arbitram, and Polygon.
0:54.3	Shield your funds and use them privately in your favorite DeFi apps, while Railgun's
0:58.7	cutting-edge zero-knowledge system encrypts your data from public view.
1:02.7	Yes, that includes Dex trading.
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1:09.7	With the Crypto.com app, you can buy, trade, and spend crypto in one place.
1:14.3	Download and get $25 with the code, Laura.
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1:25.0	Undo is a leader in the tokenization of traditional securities, including with its roughly 5% yielding
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