Status and Near-Term Prognosis of the SEC Case Against Ripple

The SEC’s lawsuit against Ripple is a landmark crypto case.1 Filed in 2020, it centres on whether various of Ripple’s historical sales and distributions of XRP were unregistered securities offerings. The SEC argues that XRP qualifies as a security under the Howey Test. However, Ripple maintains that it is a digital asset utilized for payments […]

SEC Broker-Dealer Enforcements Against Crypto Market-Makers: Summary and Implications

Written by: Aaron Krowne, Esq. The U.S. Securities and Exchange Commission (SEC) has been cracking down in recent years on crypto market-makers for allegedly operating as unregistered broker-dealers—firms that execute trades, facilitate transactions, or provide liquidity for others. Many assumed they were exempt from traditional broker-dealer rules due to regulatory uncertainty. However, as the market […]