Pro-XRP Lawyer Sees Binance Ruling as Boost for XRP Non-Security Status
- Attorney Bill Morgan says Binance case ruling boosts XRP’s non-security status.
- Judge Jackson cited Judge Torres’ Ripple case decision when dismissing parts of the SEC’s case against Binance.
- Morgan highlights that the ruling aligns with Judge Torres’ interpretation of the Howey test.
Legal expert Bill Morgan, known for his pro-XRP stance, has suggested that the recent ruling by District Judge Amy Berman Jackson in the Binance case strengthens the argument that XRP is not a security. Judge Jackson cited Judge Analisa Torres’ ruling in the Ripple case when dismissing parts of the SEC’s case against Binance.
In her Friday ruling, Judge Jackson dismissed the SEC’s claim that secondary market sales of Binance’s BNB token constitute securities. The ruling emphasized the need to distinguish between digital coins themselves and the offers to sell them.
Supporting this view, Judge Jackson referenced several district court cases involving SEC enforcement actions on cryptocurrencies, where courts differentiated between the alleged investment contracts and the tokens.
One of the references was Judg…
The post Pro-XRP Lawyer Sees Binance Ruling as Boost for XRP Non-Security Status appeared first on Coin Edition.
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Pro-XRP Lawyer Sees Binance Ruling as Boost for XRP Non-Security Status
- Attorney Bill Morgan says Binance case ruling boosts XRP’s non-security status.
- Judge Jackson cited Judge Torres’ Ripple case decision when dismissing parts of the SEC’s case against Binance.
- Morgan highlights that the ruling aligns with Judge Torres’ interpretation of the Howey test.
Legal expert Bill Morgan, known for his pro-XRP stance, has suggested that the recent ruling by District Judge Amy Berman Jackson in the Binance case strengthens the argument that XRP is not a security. Judge Jackson cited Judge Analisa Torres’ ruling in the Ripple case when dismissing parts of the SEC’s case against Binance.
In her Friday ruling, Judge Jackson dismissed the SEC’s claim that secondary market sales of Binance’s BNB token constitute securities. The ruling emphasized the need to distinguish between digital coins themselves and the offers to sell them.
Supporting this view, Judge Jackson referenced several district court cases involving SEC enforcement actions on cryptocurrencies, where courts differentiated between the alleged investment contracts and the tokens.
One of the references was Judg…
The post Pro-XRP Lawyer Sees Binance Ruling as Boost for XRP Non-Security Status appeared first on Coin Edition.
Read More