Subscribe to LexTalk to stay on top of today’s legal issue and trends.
Catapult Your Career |
Industry Insights & Trends |
Product Training & Tips
Looks like the marketplace is not going to wait for the SEC and CFTC to decide the fate of certain types of cryptocurrencies. The Ripple Labs case, filed last month, will weigh the “investment contract test” against ripple, a specific form of cryptocurrency.
The discussion around this issue has become increasingly urgent in the last few weeks. On April 23, Gary Gensler, the former chairman of the U.S. Commodity Futures Trading Commission, caused a stir when he made the case in a speech at the Massachusetts Institute of Technology that both ether and Ripple Labs’ XRP coin could be classified as securities. Ripple Labs Case Will Address Key Cryptocurrency Question, Law360, June 11, 2018