Ripple supporters rejoice, Coin Center weighs in on the exchange argument, and Brazil is working on a new CBDC. All this and more from the latest Law Decoded.
) are not securities. The SEC held during the Ripple trial that the speech reflected Hinman’s personal views and not agency policy. Then, the agency argued that Hinman’s speech reflected Ripple’s policies and not Hinman’s personal views, and so it wanted them shielded through deliberative process privilege protection. The judge wrote, “Having insisted that it [the speech] reflected Hinman’s personal views, the SEC cannot now reject its own position.
This impacts developers and others who trade code, not tokens, and particularly decentralized exchange developers. That is a free speech issue, according to the advocacy group. It was not the first time that charges of First Amendment violation have been leveled against the agency. The SEC said the change could “reduce regulatory disparities among like markets.”The Brazilian corner of the cryptoverse is a happy place, too, lately.
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