A federal judge has granted a partial summary judgment in favor of Ripple in its case against the SEC, but the case is not yet resolved. The judgment sets the stage for the issues that will be addressed if the case goes to trial. The judgment did not rule on all secondary sales or whether a written contract is required for Ripple to qualify as a security. The trial will focus on the Howey test and determine if XRP follows “strict vertical commonality.” Legal experts have different opinions on the impact of the ruling and whether it will change the SEC’s approach to regulation. The SEC is expected to appeal the ruling.
AI Sentiment: Neutral