CDC report underscores importance of Judge's verdict in Ripple case
The CDC expressed satisfaction with the ruling, which aligned with their stance as articulated in their amicus brief supporting Ripple, marking an advocacy victory. The Chamber of Digital Commerce (CDC), an American advocacy organization, on August 1, unveiled a comprehensive "impact and Analysis " report on the SEC's lawsuit against Ripple. The report scrutinizes the case's verdict , highlighting its profound implications for the crypto industry's future. According to the CDC's evaluation, Judge Analisa Torres's ruling sets a vital precedent in digital currency. It distinguishes between an investment contract and the underlying asset, representing a groundbreaking development in crypto regulation. The report examines Judge Torres's categorization of Ripple's XRP token distributions into three classes: institutional sales, programmatic sales and other distributions. She applied the 'Howey Test’ meticulously to determine if these distributi...