While the expectations mount of the final conclusion to the legal standoff between the United States Securities and Exchange Commission (SEC) and Ripple, the cryptocurrency community has criticized the regulator’s argument in the case against crypto exchange Coinbase, which seems to refer to the ruling in the Ripple case.
Specifically, lawyer Bill Morgan has recently posted a passage from the SEC’s latest brief in the Coinbase matter asking for clarification, to which crypto researcher Anders L replied by calling it “a pathetic attempt” at discrediting Judge Analisa Torres’s decision on Ripple, as he explained in an X post on October 7.
Doesn’t it seem like a pathetic attempt to make an argument against Torres’ ”in dicta” ruling that XRP itself is not a security in the Ripple case?
To argue that crypto assets themselves are investment contracts?
— Anders 🏁🇪🇺 (@X__Anderson) October 7, 2023
Indeed, quoting Anders L, Morgan agreed with his view, adding that
We współpracy z: https://finbold.com/ripple-v-sec-case-update-as-of-october-16-2023/
