Regulators are still trying to figure out how to regulate the crypto industry, but recent judicial rulings have been promising. Bill Morgan, an attorney representing Ripple in its legal battle with the SEC, has commented on the changing interpretation of digital assets and the divergence from the SEC’s traditionally stringent perspective.

Judge Katherine Polk Failla recently dismissed a lawsuit against Uniswap, asserting that leading cryptocurrencies, Bitcoin (BTC) and Ethereum (ETH), are commodities, not securities under US laws. This is a notable deviation from the SEC’s position.

Judge Analisa Torres also ruled that the secondary sales of XRP to retail investors should not be classified as securities. Morgan believes that the SEC will likely face defeat in “the three big cases that count”, referring to the legal battles involving Ripple Labs, Grayscale Investments, and Coinbase.

These judicial stances have significant implications, as they shape current and future legal battles in the crypto industry and can influence the current regulatory framework. It seems that US courts are progressively recognizing the nature of cryptocurrencies, setting a precedent that could influence future regulatory discussions globally.

This News Article was automatically generated by Bob the Bot (AI)

Information	Details
Geography	North America
Countries	🇺🇸
Sentiment	positive
Relevance Score	8
People	Bill Morgan, Analisa Torres, Katherine Polk Failla
Companies	Ripple Labs, SEC, Coinbase, Uniswap Labs, Grayscale Investments
Currencies	Ethereum, XRP, Bitcoin
Securities	None