Ripple, Terraform, and the Reach of the Federal Securities Laws to Digital Asset Transactions on Secondary Trading Platforms

Future & Derivatives Law Report

Alexander C. Drylewski Stuart D. Levi Daniel Michael Shaud G. Tavakoli Holly Gwydir

Partners Alexander Drylewski, Stuart Levi and Daniel Michael, counsel Shaud Tavakoli and associate Holly Gwydir look closely at the first judicial decisions directly addressing whether digital asset transactions on secondary trading platforms constitute securities transactions — SEC v. Ripple Labs Inc. and SEC v. Terraform.