Judge Torres Ruling on XRP Secondary Market Sales Challenged by Ex-SEC Official

Judge Katherine Failla’s decisions in the Coinbase Vs US SEC lawsuit were significant developments for both parties and on the crypto regulatory front. However, the ruling was a partial but big win for the SEC. Former SEC enforcement chief John Reed Stark highlights Judge Failla completely disagreeing with Judge Torres’ ruling in the Ripple Vs SEC that secondary sales of XRP can’t be investment contracts or unregistered securities.