Two Sides of the Same Coin: Analyzing the Recent Ripple and Terraform Decisions

Reuters Legal News

Alexander C. Drylewski Stuart D. Levi Daniel Michael Travis D. Bragg Brittany E. Libson

Partners Alexander Drylewski, Stuart Levi and Daniel Michael, and associates Travis Bragg and Brittany Libson look at two recent Southern District of New York rulings concerning whether digital asset sales on trading platforms constitute securities transactions. The authors discuss why this question is of central importance to the SEC’s broader enforcement initiatives.