Terra

Coin

<ul class="news-points"> 
 <li>Ripple’s Chief Legal Officer Stuart Alderoty has stated that the Terra judge’s recent ruling doesn’t affect XRP. </li> 
 <li>The judge overseeing the SEC’s case against Terra recently rejected a previous ruling regarding Ripple and XRP. </li> 
 <li>Alderoty clarified that the judge’s comment about Ripple was unnecessary and non-binding.</li> 
</ul> 
Stuart Alderoty, the Chief Legal Officer at <a href="https://coinedition.com/tag/ripple-xrp/" rel="noopener noreferrer nofollow">Ripple</a>, believes that the recent ruling by the judge overseeing the SEC’s fraud lawsuit against Terraform Labs and its founder Do Kwon, has no impact on a previous ruling by a Manhattan judge regarding the non-security status of XRP in SEC vs. Ripple. 
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 3/ Tokens alone that are not intermingled with other rights and promises are not themselves securities (p. 33) 4/ The comment about the Ripple ruling is unnecessary, confusing and non-binding— Stuart Alderoty (@s_alderoty) <a href="https://twitter.com/s_alderoty/status/1686450492942254080?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">August 1, 2023</a> 
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Alderoty took to Twitter earlier today to share his thoughts on the recent ruling by Judge Jed Rakoff who recently heard arguments in the Securities and Exchange Commission’s lawsuit against Terra and Kwon. Judge Rakoff allowed the securities regulator to proceed with its charges, but in doing so <a href="https://www.bloomberg.com/news/articles/2023-07-31/ripple-ruling-on-crypto-rejected-by-federal-judge-in-terra-case?utm_source=twitter&amp;utm_medium=social&amp;utm_campaign=socialflow-organic&amp;utm_content=crypto" target="_blank" rel="noopener noreferrer nofollow">rejected</a> a… 
The post <a rel="noopener noreferrer nofollow" href="https://coinedition.com/ripples-lawyer-reflects-on-terra-judges-stance-on-xrp-ruling/">Ripple’s Lawyer Reflects On Terra Judge’s Stance On XRP Ruling</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinedition.com">Coin Edition</a>.

Ripple’s Lawyer Reflects On Terra Judge’s Stance On XRP Ruling

Coin Edition

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