The content discusses the recent developments in the SEC vs Ripple case, where both Judge Torres and Judge Rakoff agreed that the promise to grow and share profits from an asset turns it into a security. The SEC argued that all XRP sales are securities, while Ripple disagreed. The SEC has filed for an expedited appeal regarding the defendant’s programmatic and other sales, but it has not been granted yet. The article also mentions that the Ripple case is relevant to other pending cases, and the issue of whether Garlinghouse and Larsen aided and abetted Ripple’s violation of securities laws is scheduled to go before a jury in 2024.
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