On July 13, 2023, in a highly anticipated decision for the cryptocurrency industry, a Southern District of New York court granted in part and denied in part the parties’ cross motions for summary judgment in SEC v. Ripple Labs, Inc., et al. Despite mixed rulings, the decision has been viewed by several in the cryptocurrency community as a victory for Ripple Labs, Inc. and the individual co-defendants (collectively, “Ripple”), and for cryptocurrency enterprises more broadly.
SEC v. Ripple Labs, Inc., et al.: A Turning Point in Cryptocurrency Jurisprudence?
