The US Securities and Exchange Commission’s (SEC) lawyers have indirectly stated that cryptocurrency exchanges are not violating any guidelines by allowing Ripple’s XRP trading on their platforms, attorney Jeremy Hogan revealed yesterday.
During a court hearing that Hogan attended, Magistrate Judge Sarah Netburn made a remark to the SEC’s attorney that, based upon his theory, everyone who sold XRP has consequently sold illegal securities by extension. However, the regulator’s lawyer reportedly pointed out that this is not the case.
“And this is what the SEC’s lawyers said on the record: he said ‘No, under section 4, only Ripple and affiliates of Ripple can have sold XRP illegally’,” Hogan cited the lawyer, adding, “Now, why is that super important? That means that the exchanges that delisted XRP two months ago were not and would not be violating securities laws if they relisted XRP for sale and began to sell it again.”
As promised, stayed up late to shoot the vid
Źródło: https://cryptoslate.com/crypto-exchanges-can-safely-list-xrp-reportedly-implies-secs-lawyer/
