“As the Court found, the fact that Ripple has shown a ‘willingness to push the boundaries of the [Court’s summary judgment] Order evinces a likelihood that it will eventually (if it has not already) cross the line,'” the statement said. “The Court also addressed ‘the egregiousness of Ripple’s conduct’ and noted that ‘there is no question that the recurrent, highly lucrative violation of Section 5 is a serious offense.’ As court after court has stated, the securities laws apply when firms offer and sell investment contracts, regardless of the technology or labels that they use.”
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- Source: https://www.coindesk.com/opinion/2024/08/16/whats-next-in-sec-v-ripple/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
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