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Allen & Overy is an international legal practice and trusted counsel to the world’s leading companies, financial institutions and public sector organisations. In this series of podcasts, our lawyers share their perspectives on today’s most significant global legal, regulatory and commercial issues. Disclaimer: Podcasts are not legal advice. Laws may have changed since a podcast was recorded.
Episodes
Tuesday Sep 05, 2023
Episode 7: Deconstructing Crypto – What next after Ripple?
Tuesday Sep 05, 2023
Tuesday Sep 05, 2023
In the latest podcast, Todd Fishman and Gene Ingoglia discuss the impact of the long-awaited decision on the Ripple Labs case. Read here for our client alert on this decision.
In SEC v. Ripple Labs, the U.S. Securities and Exchange Commission (“SEC”) alleges that Ripple Labs, Inc. and two of its executives raised over $1.3 billion through an unregistered and ongoing digital asset securities offering (XRP). Almost immediately, this decision created a number of waves and cross-currents across the crypto ecosystem.
Soon after, in SEC v. Terraform Labs, District Judge Jed Rakoff issued a decision that alleged the Terraform (UST) stablecoin and the related Luna token are investment contracts for all purposes within the meaning of the US securities laws.
So where does this leave us and what do businesses need to pay attention to?
Tune in to the podcast, where Todd and Gene shares their views on what next after Ripple.