A crypto industry lobby wants the judge in a high-profile digital assets case to consider Congressional efforts to establish a new legal framework for the nascent industry before moving ahead.
The Chamber of Digital Commerce, a crypto advocacy organization, filed an amicus brief Wednesday in the Securities and Exchange Commission’s lawsuit against Ripple Labs, which is being heard before the U.S. District Court for the Southern District of New York.
In a suit that could have far-reaching impact in how crypto is regulated, the SEC has accused Ripple and its top executives of misleading buyers of its XRP token by failing to register it as a security and failing to provide sufficient disclosure. Ripple maintains that XRP is instead a commodity, and thus not subject to the SEC’s jurisdiction.
While the “Howey test” established by the U.S. Supreme Court is used to determine if a particular transaction constitutes an investment contract, “the subject of such a contract, transaction, or...
Your content is great. However, if any of the content contained herein violates any rights of yours, including those of copyright, please contact us immediately by e-mail at media[@]kissrpr.com.
INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...