Editor’s Note: The NYU Law Program on Corporate Compliance and Enforcement is following the recent decision in SEC v. Ripple Labs, Inc., in which the district court decided competing summary judgment motions for both the SEC and Ripple by holding that contractual sales of XRP, Ripple’s native token, to institutional investors were securities while the XRP token itself was not. In this post, former SEC attorneys and federal prosecutors and current securities regulatory and white collar attorneys react to the decision.
Top left to right: Joseph Hall, Robert Cohen, Fiona Moran, and Zachary Zweihorn, and David Miller.
Bottom left to right: Daniel Payne, Avi Weitzman, Nicolas Morgan, and Ijeoma Okoli.
(Photos courtesy of the authors)