A Global Expert Weighs in on the Ripple-SEC Decision, Calling It “A Big Victory for XRP”
The summary judgement in the lawsuit between Ripple and the SEC was analysed by Roslyn Layton, Vice President of Strand Consult.
An expert was brought in to assess whether or not XRP is secure when traded on exchanges after a court decided in favour of Ripple in a summary ruling.
The ruling “trained the SEC on the law that established it” and “understood” the Howey test, according to a piece written by Roslyn Layton, a top worldwide expert on technology policy and Vice President of Strand Consult.
He praised Judge Torres for “not being struck by the great public interest in the case” and “strictly enforcing the law.”
He warned that the SEC’s stance was dangerous for everybody with digital assets, not just XRP investors. He came to the conclusion that “individual XRP holders are the biggest winners of Torres’ decision.”
Layton continued: “Attorney John Deaton and hundreds of other holders of the XRP cryptocurrency celebrated Torres’ judgement as a win. Torres empathetically considered the points of investors and provided them with the security they had battled for and earned.”
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