Oregon Dan Riveld’s public prosecutor Dan Riveld’s lawsuit says that XRP and other digital assets are unregistered securities.
Rayeld filed a lawsuit with Coinbase, which was circulated in the United States, which was generally circulated on charges of violating the Securities Law in Oregon. On April 18 advertisementThe Ministry of Justice in Oregon said that the lawsuit was part of an attempt to fill what it described as an organizational vacuum left by federal agencies under the Trump administration:
The ministry said: “The states must fill in the enforcement vacuum that the Federal Organizers leave these cases under the Trump administration.”
Coinbase Paul Ghroul’s legal officials expressed his frustration with the lawsuit in the Post April 21. Justin Siloter, Vice President of Organizational Affairs at the investment company at Crypto Paradigm, Indicate The lawsuit claims a long list of digital assets, including XRP (Xrp), They are unregistered securities.
Yarden Noy told, partner at Crypto Legal DLT LAW, Cointelegraph that if the court ruled that these assets were securities, they will “often create more confusion in this regard.” He added that he would not be a precedent binding in other cases, not even within the state of Oregon.
However, Nawi explained that the court’s decision can be used by potential organizers and plaintiffs to build and make their cases. He said:
“Just like the decision in the case of ripples […] Which seems to be completely ignoring, not all the symbols are immediately stolen on American platforms, I don’t expect the opposite to happen here. “
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Long list of encryption assets
The deputy head of the organizational affairs in the model, Justin Siloter, described the movement as a “lawsuit in the kitchen sink.” The list of the aforementioned symbols includes high -level altcoins such as AAVE (AAVE)AAVE), Collapse (Avax), Uniswap (Uni) And the protocol (closeAlso, the version is wrapped in the distinctive symbol, wluna – but not the same color.
The complaint does not explain why some of the assets are wrapped while others were excluded. It provides for:
“Through Coinbase – through the Coinbase and Prime platform – it has been provided for trading in the assets of Oregon’s encryption that is offered and sold as investment contracts, and thus as securities. This includes, but not limited to, the units of each of the encrypted securities shown below.”
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XRP in the legal intersection again
Ripple Labs, the company behind XRP, has already faced a year -for -year legal battle with the US Securities and Stock Exchange. Ripple was struck with SEC lawsuit in late 2020, Call XRP on “$ 1.3 billion in unregistered securities“
The same lawsuit was dropped by the Supreme Education Council in late March, but it is He provided a little legal certainty of the encryption industry. Oregon’s state complaint comes amid increasing concern among state officials that federal organizers are retreating from the application of encryption. The lawsuit seems to be part of a wider direction of salads at the state level.
Before Oregon procedure, the legal XRP mode was seen as increasingly clear. Coinbase – Exchange known for its relatively cautious position on organizational issues – XRP futures have been added to its derivative trading platform On April 21.
magazine: It leaves Win XRP Ripple and the industry with no legal coding group
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