The United States is falling behind with clarity around crypto rules — U.
26 Sep 2023, 15:36
The United States is falling behind with clarity around crypto rules — U.S. courts have been busy in the last few weeks tackling some of these questions ⚖️
And it’s clear they’re not down to just litigate crypto out of existence 🙌
Here are some of the more encouraging verdicts 🧵
1️⃣ Risley v. Uniswap Labs
An SDNY court dismissed the class action, recognizing that the devs who create protocols aren’t liable when others misuse it 💪
The logic was clear — you wouldn’t hold the people who created a self-driving car liable if someone used that car to rob a bank 🤦♂️
/haydenzadams/status/1696991910370411003
2️⃣ Grayscale v. the SEC
Here we saw a unanimous decision by three judges: an Obama appointee, a Trump appointee, & a Carter appointee in favor of @Grayscale 😮💨
Grayscale wanted to create a Bitcoin ETF — and the SEC refused, saying that their ETF proposal was not "designed to prevent fraudulent and manipulative acts and practices."
It was a huge win that the court so resoundingly rejected that argument.
And legal experts will tell you it’s a pretty low bar that the SEC needed to meet, and they couldn’t 👀
/ammori/status/1696546318766788993?s=20
3️⃣ Ripple v. the SEC
In a big win for @Ripple and the crypto industry, a court rejected the SEC’s claims that all sales of their XRP token were securities.
Tldr? The SEC lost on everything argument 😏
/ammori/status/1679651387485876224?s=20
We’ve always said that crypto was the future… but we didn’t say it would be easy.
Let’s take heart on these recent wins & keep fighting 🛡️
Same news in other sources
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26 Sep 2023, 15:51
telegram news 26 September 2023 15:51
https://twitter.com/DeFi_Land/status/1706697528534602070