Ripple’s determination to fight the SEC has been validated and acknowledged as a significant victory for the cryptocurrency sector, according to Stuart Alderoty, Ripple’s general counsel. The recently unsealed Hinman documents have also shed light on guidelines for deciding whether a token qualifies as a security. Ripple CEO Brad Garlinghouse believes the SEC’s case against Ripple shows an effort to exercise control through enforcement, and there is still work to be done to achieve regulatory clarity for the industry. Ripple’s experiences have given others in a similar circumstance a blueprint, said Alderoty.
AI Sentiment: Positive
