Terra

Coin

<ul class="news-points"> 
 <li><strong>Ripple’s CLO clarifies Terra ruling has no impact on XRP’s security status.</strong></li> 
 <li><strong>Alderoty said, “the [Terra] Judge has to accept everything that the SEC alleges as true (for now).”</strong></li> 
 <li><strong>Terra judge misread reasoning behind Ripple judge’s decision on secondary market sale.</strong></li> 
</ul> 
<p>In the wake of the recent ruling in the Terra case, Stuart Alderoty, the Chief Legal Officer (CLO) at Ripple, has come forward to clarify that the decision has no bearing on the status of <a href="https://coinedition.com/tag/xrp-news/" rel="noopener noreferrer nofollow">XRP</a> as a security.</p> 
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   <p lang="en" dir="ltr">Let me be clear about some confusion going around – the ruling in the Terra case changes NOTHING about the Ripple ruling that XRP is not a security. Also… <a href="https://t.co/PhaVix7HM4" target="_blank" rel="noopener noreferrer nofollow">https://t.co/PhaVix7HM4</a></p>— Stuart Alderoty (@s_alderoty) <a href="https://twitter.com/s_alderoty/status/1686161058770403328?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">July 31, 2023</a> 
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<p>Alderoty emphasized that despite the differing outcome in the Terra case as opposed to that of XRP, it does not alter the conclusion reached in the <a href="https://coinedition.com/ripple-ceo-brad-garlinghouse-is-overwhelmed-by-landmark-xrp-victory/" rel="noopener noreferrer nofollow">Ripple case</a>, where it was ruled that XRP token is not a security. He underlined that the Ripple case benefited from a comprehensive factual record developed over two years, while the Terra case is still in its early stages.</p> 
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 <p>The Terra case is just starting, and the Judge has to accept everything that the SEC alleges a…</p> 
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<p>The post <a rel="noopener noreferrer nofollow" href="https://coinedition.com/ripple-clo-accuses-terra-judge-of-misreading-xrp-ruling/">Ripple CLO Accuses Terra Judge of Misreading XRP Ruling</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinedition.com">Coin Edition</a>.</p>

Ripple CLO Accuses Terra Judge of Misreading XRP Ruling

Coin Edition

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