Client Alerts
‘Forming’ a Rift: District Judge Rejects Decision in Ripple Labs, Inc.
On July 31, 2023, Judge Jed Rakoff of the Southern District of New York (“SDNY”) sided with the Securities Exchange Commission in SEC v. Terraform Labs Pte. Ltd. by holding that sales of crypto assets to retail investors on public marketplaces amounted to a sale of “securities” subject to the SEC’s registration requirements.
August 4, 2023
August 4, 2023 • 3-minute read










