The SEC backed down in the Ripple case, but the industry remains in the dark on key legal questions with no precedent set.
UPDATE: The headline has been updated to reflect Ripple’s clarification the “bad actor” designation was not applied as part of its settlement with the SEC.
Ripple has emerged (mostly) victorious from its long-running battle with the Securities and Exchange Commission, but for legal experts, the cases conclusion feels like a missed opportunity.
Since the case didnt advance to a higher court, Judge Analisa Torres original district court decision which famously differentiated between XRP sales to institutional investors and those on exchanges has not established a binding precedent.
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