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secondary market purchaserCoinGape
•66% Informative
The U.S. Securities and Exchanges Commission ( SEC ) Wells Notice against Opensea has fueled debates on whether secondary sales are securities or not.
Judge Torres in the SEC v Ripple case ruled that the XRP token in itself is as security.
Second Circuit Court earlier ruled in favor of Coinbase that secondary market sales of crypto are not securities, adding weight to Judge Torres ’ ruling on XRP programmatic sales.
The regulator losing to Ripple in the Second Circuit could create a binding precedent over other courts, thus it discourages the SEC from appealing the Ripple case.
XRP price jumped more than 1% in the past 24 hours , with the price currently trading at $ 0.57 .
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