C&G’s Douglas J. Pepe Featured in Tokenized Insider

Tokenized Insider recently featured the insights of Douglas J. Pepe, partner at Cohen & Gresser, on the July 13 decision in SEC v. Ripple Labs, which held that XRP, a cryptocurrency and the native token of Ripple, is not an “investment contract” within the meaning of the securities laws.

As Doug writes, the implication of the analysis conducted in this case is that XRP can be freely traded on secondary markets like Coinbase, Kraken and Bitstamp without complying with the requirements of the Securities Exchange Act of 1934, which is a “devastating blow to the SEC’s position in secondary market exchange cases.”

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