Ripple Vs SEC Final Verdict: Predicts Bloomberg Expert
On Laura Shin's podcast "Unchained," Elliott Z. Stein, a Bloomberg Intelligence analyst, recently highlighted the current legal dispute between Ripple and the SEC.
Stein anticipates a decision on the motions for summary judgment in the first half of this year.
The Ripple case is intriguing because it involves a digital asset with utility, which supports the idea that such assets should be treated as commodities.
According to allegations made by the SEC, Ripple advertised its XRP tokens as investments, and buyers treated them as such in the hopes that the asset's value would increase.
As a result, there is a complicated legal issue that has given rise to protracted litigation.