The Chamber of Digital Commerce (CDC), a U.S. advocacy organization, expressed satisfaction with the court ruling in support of Ripple, aligning with their stance as stated in their amicus brief.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/710f054ee1484402a5bc9c0ed47b43be.gif" />On August 1, the CDC released a comprehensive report analyzing the impact of the SEC’s lawsuit against Ripple. The <a href="https://cryptosheadlines.com/microstrategys-q1-report-highlights-bitcoin-as-its-main-focus/" rel="noopener noreferrer nofollow">report highlights</a> the ruling’s significance for the future of the crypto industry.According to the CDC’s evaluation, Judge Analisa Torres’s decision establishes an essential precedent in the realm of <a href="https://cryptosheadlines.com/texas-opposes-central-bank-digital-currency-cbdc/" rel="noopener noreferrer nofollow">digital currency</a>. It distinguishes between investment contracts and the underlying assets, representing a groundbreaking <a href="https://cryptosheadlines.com/norges-bank-report-recommends-norway-to-develop-national-strategy-for-crypto-regulation/" rel="noopener noreferrer nofollow">development in crypto regulation</a>.In the report, Judge Torres’s categorization of <a href="https://cryptosheadlines.com/ripples-xrp-price-sets-sail-in-positive-territory/" rel="noopener noreferrer nofollow">Ripple’s XRP</a> token distributions into three classes—institutional sales, programmatic sales, and other distributions—is scrutinized.She meticulously applied the ‘Howey Test’ to determine whether these distributions could be considered an offer and sale of investment contracts. <a href="https://cryptosheadlines.com/cdc-report-highlights-ripple-case-judgements-importance/" rel="noopener noreferrer nofollow">Read More...</a>

CDC Report Highlights Ripple Case judgement’s Importance

CryptosHeadlines.com

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