Fred Rispoli commented on could the judge make a ruling on secondary sales before ironing out every detail of the case

Lawyer Fred Rispoli commented on could the judge make a ruling on secondary sales before ironing out every detail of the case.

Lawyer Fred Rispoli commented on could the judge make a ruling on secondary sales before ironing out every detail of the case. He noted:

As I recently mentioned, I think the most likely outcome of the summary judgment briefing is that only one issue is granted by J. Torres–that XRP is not a security per se and that secondary sales are not securities transactions. This gives the @SECGov the primary beating…

…it deserves while giving it a minimal amount of face-saving dignity to get some bribe money from Ripple as the fight would go to trial about Ripple’s XRP sales, its marketing practices, the fair notice defense, etc. This would effectively provide a safe harbor for older…

…established projects and still allow the SEC to go after new projects while the current regulatory regime exists (aka no regulatory clarity).