Competing Precedent in the SDNY Suggests Continued Uncertainty for Crypto Assets in 2024

View this email online. Viewpoints Competing Precedent in the SDNY Suggests Continued Uncertainty for Crypto Assets in 2024 January 24, 2024 By David G. Adams, Cory S. Flashner, Patrick E. McDonough, Elizabeth M. Platonova The end of 2023 ushered in a flurry of new developments in key crypto cases. In August of last year, we wrote about conflicting decisions in two Southern District of New York (“SDNY”) cases testing the authority of the U.S. Securities and Exchange Commission (“SEC”) to regulate the crypto asset industry. In SEC v. Ripple Labs (“Ripple Labs”), which was generally considered a victory for Ripple, Judge Analisa Torres granted partial summary judgment in favor of Ripple on the issue of whether certain sales of Ripple’s XRP digital tokens were “investment contracts” and thus “securities” subject to SEC regulation. Read more… // Questions? Contact a Mintz Professional. // More Mintz Insights here MINTZ on LinkedIn MINTZ on facebook MINTZ on Twitter BOSTON LOS ANGELES NEW YORK SAN DIEGO SAN FRANCISCO TORONTO WASHINGTON DC Copyright © 2024 Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C. Please review our Privacy Statement. If you would like to contact us with questions about our privacy or data protection practices, please contact our Privacy Officer via email at [email protected]. This email was sent to Mintz Smith at [email protected] You can  or . Share this email safely here.