.bgarlinghouse has hailed this as an 'unequivocal win'
, the first of its kind in the industry, could influence the categorization of other cryptocurrencies, possibly mitigating future regulatory disputes.
This victory, though hard-fought, may well become a turning point in the way cryptocurrencies are viewed and regulated in the country.echoed the sentiments of Ripple's chief legal officer Stuart Alderoty, who criticized SEC Chairman Gary Gensler for allegedly misinterpreting the law and the Howey Test.
The latter is a test created by the Supreme Court for determining whether certain transactions qualify as"investment contracts." Alderoty stated,"The Court's ruling can now be used by others in the agency’s crosshairs. The SEC can no longer tout their record in crypto – which was, up until now, by and large settlements with players that didn’t have the resources or conviction to fight back.”
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