* . *
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Thursday, October 30, 2025
Earth-News
  • Home
  • Business
  • Entertainment
    The Best Horror Movies Are In The Most Unlikely Place – Yahoo

    Discover the Best Horror Movies Hiding in the Most Unexpected Places

    Scene Calendar: ‘Rocky Horror’ at The Hipp, Pride Fest, laughs at the Matheson – Gainesville Sun

    Get Ready for a Thrilling Lineup: ‘Rocky Horror’ at The Hipp, Pride Fest Celebrations, and Hilarious Comedy Nights at the Matheson!

    Rock Hall Ceremony Adds Chappell, Donald Glover – Yahoo

    Chappell and Donald Glover Shine Bright in a Star-Studded Rock Hall Celebration

    Caesars Entertainment (CZR) Reports Q3 Loss, Lags Revenue Estimates – Yahoo Finance

    Caesars Entertainment Stumbles in Q3, Falls Short of Revenue Goals

    Free Live Entertainment – Fremont Street Experience

    Enjoy Free Live Entertainment on Fremont Street Tonight!

    What to Know About ‘Good Morning America’s 50th Anniversary Episode – Wyoming News Now

    Celebrate the Milestone: Everything You Need to Know About Good Morning America’s 50th Anniversary Episode

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology

    Scientists Discover Breakthrough Method to Halt Diabetes Complications

    Chipmaker Nvidia hits $5 trillion valuation – Al Jazeera

    Nvidia Rockets to an Astonishing $5 Trillion Valuation

    How digital technologies can support a circular economy – Tech Xplore

    Unlocking the Power of Digital Technologies to Fuel a Thriving Circular Economy

    Nigeria’s government is using digital technology to repress citizens. A researcher explains how – The Conversation

    Nigeria’s government is using digital technology to repress citizens. A researcher explains how – The Conversation

    CPE Technology Berhad (KLSE:CPETECH) Has Affirmed Its Dividend Of MYR0.015 – Yahoo Finance

    CPE Technology Berhad (KLSE:CPETECH) Has Affirmed Its Dividend Of MYR0.015 – Yahoo Finance

    Researchers Discover New Bacterium That Turns Food Waste Into Energy – Technology Networks

    Scientists Unveil Breakthrough Bacterium That Transforms Food Waste Into Clean Energy

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment
    The Best Horror Movies Are In The Most Unlikely Place – Yahoo

    Discover the Best Horror Movies Hiding in the Most Unexpected Places

    Scene Calendar: ‘Rocky Horror’ at The Hipp, Pride Fest, laughs at the Matheson – Gainesville Sun

    Get Ready for a Thrilling Lineup: ‘Rocky Horror’ at The Hipp, Pride Fest Celebrations, and Hilarious Comedy Nights at the Matheson!

    Rock Hall Ceremony Adds Chappell, Donald Glover – Yahoo

    Chappell and Donald Glover Shine Bright in a Star-Studded Rock Hall Celebration

    Caesars Entertainment (CZR) Reports Q3 Loss, Lags Revenue Estimates – Yahoo Finance

    Caesars Entertainment Stumbles in Q3, Falls Short of Revenue Goals

    Free Live Entertainment – Fremont Street Experience

    Enjoy Free Live Entertainment on Fremont Street Tonight!

    What to Know About ‘Good Morning America’s 50th Anniversary Episode – Wyoming News Now

    Celebrate the Milestone: Everything You Need to Know About Good Morning America’s 50th Anniversary Episode

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology

    Scientists Discover Breakthrough Method to Halt Diabetes Complications

    Chipmaker Nvidia hits $5 trillion valuation – Al Jazeera

    Nvidia Rockets to an Astonishing $5 Trillion Valuation

    How digital technologies can support a circular economy – Tech Xplore

    Unlocking the Power of Digital Technologies to Fuel a Thriving Circular Economy

    Nigeria’s government is using digital technology to repress citizens. A researcher explains how – The Conversation

    Nigeria’s government is using digital technology to repress citizens. A researcher explains how – The Conversation

    CPE Technology Berhad (KLSE:CPETECH) Has Affirmed Its Dividend Of MYR0.015 – Yahoo Finance

    CPE Technology Berhad (KLSE:CPETECH) Has Affirmed Its Dividend Of MYR0.015 – Yahoo Finance

    Researchers Discover New Bacterium That Turns Food Waste Into Energy – Technology Networks

    Scientists Unveil Breakthrough Bacterium That Transforms Food Waste Into Clean Energy

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
Earth-News
No Result
View All Result
Home Technology

Ripple Vs. SEC Case: Was the Celebration Too Early for the Crypto?

October 11, 2023
in Technology
Ripple Vs. SEC Case: Was the Celebration Too Early for the Crypto?
Share on FacebookShare on Twitter

On July 13, the US District Court for the Southern District of New York ruled on the long-running Ripple VS. SEC lawsuit. The court’s declaration represented a victory for Ripple and the entire crypto industry as it exempted XRP as a security. 

Though short-lived, Ripple’s partial victory stirred huge celebration and price rallies for assets across the crypto market. However, the decision still needed to provide regulatory clarity on the future of cryptocurrencies in the United States. 

That raised the question: Was the celebration in the crypto industry too early?

The Unusual Court Decision

The US Securities and Exchange Commission (SEC) sued the blockchain company Ripple and some of its executives in December 2020. According to the lawsuit, the firm violated securities laws by selling XRP as an unregistered security.

The regulator’s claims against Ripple depend on whether the latter’s distribution of XRP was a security according to the Securities Act. Moreover, the focus should be whether the stated XRP transactions satisfy the Howey Test outlined by the Supreme Court.

In the Ripple vs. SEC case, the ruling pointed out the key principle regarding the SEC’s jurisdictional oversight of digital assets. Notably, this depends on the tokens’ nature of offers or sales rather than the intrinsic qualities of the assets.

The court’s declaration gave a new hope for the crypto industry, hence the celebration. However, other aspects of the ruling for Ripple’s operations could set in a reversal during an appeal on the summary, fortifying the securities regulator.

According to the Howey Test, three conditions classify an investment contract as a security. The transaction will involve an investment of money, a common enterprise, and expected gains from the impact of others.

Meeting the conditions means that Ripple was expected to maintain certain compliance obligations and some public disclosures, which it never did.

Moreover, the court’s decision indicated that some of Ripple’s distributions of its native token meet the Howey Test. It pointed out that XRP sales to institutional investors are securities.

But Ripple’s programmatic sales of XRP to retail investors on crypto exchanges and the company’s transfers of XRP to employees or vendors as payment for services are not securities. 

The declaration gave the SEC a win on Ripple’s institutional sales only. The regulator’s claims against Ripple’s executives, Christian Larson and Brad Garlinghouse, will still proceed to trial. Already, the duos have declared their innocence to all allegations from the SEC.

What’s the Stance for the Crypto Industry

Before now, the crypto industry has been clamoring for clear regulations from jurisdictional regulators, especially in the US. It expected a more distinctive and transaction-based clarity to the Howey test.

The court’s ruling on the Ripple vs. SEC case that differentiated categories of XRP investors gave the industry a clear directive. Following the ruling, one of the motivations for the industry could be to exclude secondary market transactions from the SEC’s regulatory oversight.

This mainly lies on market intermediaries, especially crypto exchanges, under the strict SEC regulations.- The exchanges could decide the mode of their operations: to broker, deal, clear, or function as an exchange for trading securities.

Regarding the issue of anticipating profit from other people’s efforts, the court’s ruling highlighted that the ability to discern one’s privity is paramount. This is a close means of distinguishing secondary market transactions (as applicable to programmatic sales).

Also, the ruling exempts private direct sales of assets from promoters such as Ripple as securities. Additionally, the court’s interpretation of Howey’s prong on ‘investment-of-money’ could set precedence in crypto, driving the use of digital assets.

Extensively, such utility will include developer grants, employee compensation, and promotional giveaways like airdrops and others.

An Appeal Could Overturn Everything And Bring In The Worse

Even though the court’s ruling gave Ripple a partial win, triggering celebration in the crypto space, the end is still not here. The SEC could appeal the decision, overturning everything and setting the worst in the industry.

There seems to be a contradictory result regarding the court’s view on the accessibility of information about Ripple by XRP investors. Institutional investors of XRP, through their transactions, are privy to most details regarding how Ripple’s operations could impact XRP. But the court declared such transactions as securities.

Conversely, XRP sales to retail investors on exchanges are rated as non-securities and require no disclosure. However, these people already have the most information about the activities of the token issuer but receive a right to more. Those with the least information (institutional investors) got nothing.

Further, the court’s ruling regarding ‘other distributions’ appears shaky. Not only does it contradict the precedent that sales of securities mustn’t involve the transfer of physical items of value, but it also creates a loop in Howey for other non-traditional types of financing.

The industry should expect the worst if the Second Circuit Court of Appeals reverses one or both of the rulings. The SEC will have its needed precedential case backup to enforce the Howey Test to the crypto industry.

Moreover, the regulator will see a robust weapon to fight its legal battle against crypto exchanges Binance and Coinbase over the alleged securities listing.

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : TechReport – https://techreport.com/crypto-news/ripple-vs-sec-case-was-the-celebration-too-early-for-the-crypto/

Tags: CelebrationRippletechnology
Previous Post

Expert Predicts A Fifth Wave Can Drop XRP’s Price To $0.35

Next Post

Microsoft WordPad Vulnerability Exploited in Widespread Cyberattacks

World News – The New York Times

Breaking Global Headlines: What You Need to Know Today

October 30, 2025
There’s an economic explanation for why everything feels so tense right now – CNN

Why Everything Feels So Tense Right Now: Unpacking the Economic Forces Driving It

October 30, 2025
The Best Horror Movies Are In The Most Unlikely Place – Yahoo

Discover the Best Horror Movies Hiding in the Most Unexpected Places

October 30, 2025
UM Health-Sparrow Opens Downtown Lansing Location and Pharmacy – UM Health-Sparrow

UM Health-Sparrow Launches New Downtown Lansing Location with On-Site Pharmacy

October 30, 2025
‘My emergency fund is gone’: Federal workers struggling as shutdown drags on – CNN

Federal Workers Face Financial Crisis as Shutdown Drains Emergency Funds

October 30, 2025
Restoring Europe’s sponge landscapes: The “SpongeBooster of the year 2026” award opens for applications – EurekAlert!

Apply Now for the 2026 “SpongeBooster of the Year” Award: Lead the Charge in Restoring Europe’s Vital Sponge Landscapes!

October 30, 2025
From Food Science to Forbes: NC State Alum Connor Balfany’s Entrepreneurial Path – NC State University

From Food Science to Fortune: How NC State Alum Connor Balfany Built a Thriving Entrepreneurial Empire

October 30, 2025
Being mean to ChatGPT increases its accuracy — but you may end up regretting it, scientists warn – Live Science

Being mean to ChatGPT increases its accuracy — but you may end up regretting it, scientists warn – Live Science

October 30, 2025
I love my boomer parents, but these 7 lessons they taught me are completely useless in 2025 – VegOut

I Love My Boomer Parents, But These 7 Lessons Just Don’t Work in 2025

October 30, 2025

Scientists Discover Breakthrough Method to Halt Diabetes Complications

October 30, 2025

Categories

Archives

October 2025
M T W T F S S
 12345
6789101112
13141516171819
20212223242526
2728293031  
« Sep    
Earth-News.info

The Earth News is an independent English-language daily published Website from all around the World News

Browse by Category

  • Business (20,132)
  • Ecology (893)
  • Economy (916)
  • Entertainment (21,787)
  • General (17,894)
  • Health (9,957)
  • Lifestyle (928)
  • News (22,149)
  • People (916)
  • Politics (926)
  • Science (16,126)
  • Sports (21,415)
  • Technology (15,895)
  • World (899)

Recent News

World News – The New York Times

Breaking Global Headlines: What You Need to Know Today

October 30, 2025
There’s an economic explanation for why everything feels so tense right now – CNN

Why Everything Feels So Tense Right Now: Unpacking the Economic Forces Driving It

October 30, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

Go to mobile version