Regulators are still figuring out how to oversee crypto, but some recent judicial rulings show promise for the industry’s legal battles with the US Securities and Exchange Commission (SEC).
Bill Morgan, an attorney representing Ripple in its protracted legal battle with the SEC, has been vocal about the evolving judicial stance on crypto. His recent comments underline a changing tide in the interpretation of digital assets and a seeming divergence from the SEC’s traditionally stringent perspective.
Judge’s Affirmation Of BTC And ETH As Commodities
In the thick of several lawsuits against crypto firms, the courts have shown a trend of contradicting the SEC’s assertions. An instance of this is Judge Katherine Polk Failla’s recent ruling.
The decentralized exchange, Uniswap Labs, was embroiled in accusations of fraud by six individuals who claimed to lose funds from scam tokens on the platform.
Despite these claims, Judge Failla dismissed the lawsuit against Uniswap. In her
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Author: Samuel Edyme
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