Fifth Circuit Rules Private XRP Sales Aren’t Securities, Handing Coinbase a Major Win Over the SEC
SEC Slaps Down in Coinbase Ruling: Private XRP Sales Not Securities The Fifth Circuit just gutted part of the SEC’s crypto enforcement playbook, ruling that Coinbase’s private sales of XRP tokens to institutions weren’t investment contracts under securities law. This reverses a lower court win for the SEC and hands Coinbase a major victory in…
