Decoding the Ripple v. SEC XRP Ruling and Future Price Levels

Former CFTC lawyer, Mike Selig, provides insights into the recent XRP court ruling in the ongoing legal battle between Ripple and the SEC. Selig highlights that while XRP itself was not labeled as a security, the court ruling emphasized that it can potentially be sold as part of a security, subjecting it to securities laws under specific conditions. Selig suggests legislative action to address the regulatory void in the crypto industry and advocates for empowering regulatory agencies with expanded authority to develop specialized regulations tailored to the unique characteristics of crypto assets. Without legislative backing, the SEC's ability to effectively address the complexities of the crypto industry may be limited.