Opinion: Ripple court ruling a good result for the crypto industry

The court ruling in the SEC‘s case against Ripple has become “a good result for the industry.” This was said by former Andreessen Horowitz partner and Haun Ventures head Cathy Haun.

On July 13, Judge Analisa Torres has come to the conclusion, that the XRP token is not a security when sold on the secondary market. However, this ruling does not apply to the token’s offering to institutional investors.

“The court took a sensible line, distinguishing between XRP (not an investment contract and, therefore, not a security) and certain XRP transactions in which institutional investors paid money directly to Ripple, and Ripple assumed contractual obligations, creating an investment contract in accordance with the [тестом] Хауи,” the statement said.

According to Haun, an appeal by the regulator is possible, but an ‘immediate’ appeal seems unlikely:

“The Commission benefits from the current confusion, and a loss on appeal would jeopardize its entire enforcement program.”

Earlier JPMorgan analysts said that the XRP verdict is beneficial to Coinbase. In their view, a positive ruling regarding the token could be applied to 13 exchange-listed coins.

As reported earlier, Coinbase announced the relisting of XRP. Trading of the asset on the exchangeceased in December 2020, immediately after the SEC’s filing of a suit against Ripple.