Specifically, the SEC wants a change to persuade the U.S. Court of Appeals for the Second Circuit – now, not later – of its view that Torres got it wrong when she determined that the company’s offer and sale of its XRP token over crypto trading platforms, and distributions of XRP in exchange for labor and services, did not involve investment contract securities under the Howey doctrine. And the SEC now has a new opinion at its disposal to support its argument….
By: Holland & Knight LLP
By: Holland & Knight LLP
