Katie Haun: Court's Decision in Ripple Case is a Positive Outcome for the Industry

Crypto venture investor and former Department of Justice prosecutor Katie Haun recently shared her perspective on the latest court decision regarding the lengthy legal dispute between Ripple and the United States Securities and Exchange Commission (SEC). In a tweet, Haun said that the court's decision, which found that sales of XRP on public exchanges do not qualify as unregistered securities offerings, is a good outcome for the industry. 

"The consensus is that the court drew a reasonable line—distinguishing between XRP itself (not an investment contract and thus not a security) and certain XRP transactions in which institutional investors paid money to Ripple directly and Ripple made contractual commitments in exchange, creating an investment contract under Howey," Haun said in the tweet.

Although Haun acknowledged the possibility of an appeal against Judge Analisa Torres' ruling, she expressed skepticism about the likelihood of an immediate appeal. She elaborated that an immediate appeal would require the SEC to request the separation of this ruling from the upcoming trial. Additionally, she raised doubts about whether the SEC genuinely wants to seek legal clarity in this matter.

Author: Katie Lin

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