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A New York Court Is About to Rule on the Future of Crypto
Three days before Christmas 2020, the US Securities and Exchange Commission charged Ripple, a company based in San Francisco that provides the infrastructure for cross-border payments, and two of its executives with conducting a $1.3 billion unregistered securities offering by selling a cryptocurrency, XRP. The same day, Ripple announced it would “fight.” After more than two years of protracted legal conflict, all of the evidence has been heard, and there remains nothing left but for Judge Analisa Torres of the Southern District of New York to issue a verdict. Those with a stake in the outcome, which will ... (full story)
