Landmark XRP ruling could force SEC to settle with Coinbase, says securities law professor

Landmark XRP ruling could force SEC to settle with Coinbase, says securities law professor

THE BLOCK
By THE BLOCK
2023-07-15 14:06

Episode 65 of Season 5 of The Scoop was recorded with The Block's Frank Chaparro and Associate Professor of Law at George Mason Law School and former Advisory Committee Member to the U.S. Securities and Exchange Commission J.W. Verret.

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Professor J.W. Verret teaches corporate and securities law and financial accounting at George Mason Law School.

 In this episode, Verret analyzes the recent verdict on Ripple's XRP token which concludes that "Ripple’s Programmatic Sales of XRP did not constitute the offer and sale of investment contracts."

In addition to providing a degree of regulatory clarity for crypto assets, Verret also argues that the court's decision in the XRP case will greatly improve Coinbase's chances in their court case against the SEC.

Outline:

1:05 - XRP court verdict

6:00 - Coinbase re-listing XRP

7:15 - Coinbase vs. SEC

9:55 - Will the SEC settle?

12:08 - Appellate court

13:04 - New SEC Chair

14:06 - Unregistered securities

15:00 - Major Questions Doctrine

16:22 - Crypto legislation

17:00 - Partisan politics

20:40 - Spot Bitcoin ETF

22:05 - Closing thoughts


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