🔎💼 Analysis: The Southern District of New York ruling on Ripple's XRP brings both clarity and complexity to the case. The court determined that Ripple's institutional sales of XRP were indeed unregistered securities offerings, while the programmatic sales on exchanges did not meet the criteria. This highlights the importance of distinguishing between different types of transactions involving XRP.

⚖️ The judge emphasized that the XRP token itself is not considered a security, but rather the context and nature of the transactions and schemes surrounding it must be examined. This ruling sets the stage for further scrutiny and discussion.

📚 ConsenSys lawyer Bill Hughes explains that the question of whether Ripple executives aided and abetted the unregistered issuance will likely be decided by a jury, with the SEC expected to appeal the decision to the Second Circuit.

💡 This case underscores the need for regulatory clarity in the crypto space, as differentiating between securities and non-securities can have significant implications for market participants. Stay tuned for further developments as the Ripple XRP case continues to unfold. #CryptoRegulation #XRP #SEC #Ripple

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