Ripple Labs notches 目印 勝利，勝つ in SEC 事例／患者 over XRP cryptocurrency
By Jody Godoy
July 13 (Reuters) - Ripple Labs Inc did not 侵害する／違反する 連邦の 安全s 法律 by selling its XRP 記念品 on public 交流s, a U.S. 裁判官 支配するd on Thursday, a 目印 合法的な victory for the cryptocurrency 産業 that sent the value of XRP 急に上がるing.
XRP was up 75% by late afternoon on Thursday, によれば Refinitiv Eikon data.
The 判決，裁定 by U.S. 地区 裁判官 Analisa Torres was the first 勝利，勝つ for a cryptocurrency company in a 事例／患者 brought by the U.S. 安全s and 交流 （売買）手数料，委託（する）／委員会／権限 -- though it did also give the SEC a 部分的な／不平等な victory.
While the 決定／判定勝ち（する） is 明確な／細部 to the facts of the 事例／患者, it likely will 供給する 弾薬／武器 for other crypto 会社／堅いs 戦う／戦いing the SEC over whether their 製品s 落ちる under the regulator's 裁判権.
An SEC spokesperson said the 機関 was pleased with part of the 判決，裁定 in which the 裁判官 held that Ripple 侵害する／違反するd 連邦の 安全s 法律 by selling XRP 直接／まっすぐに to sophisticated 投資家s.
It is possible for the 判決，裁定 to be 控訴，上告d once a final judgment is 問題／発行するd, or if the 裁判官 許すs it before then.
The SEC spokesperson said the regulator was reviewing the 決定／判定勝ち（する）.
Ripple 大統領 Brad Garlinghouse in an interview called the 判決，裁定 "a 抱擁する 勝利，勝つ for Ripple but more importantly for the 産業 全体にわたる in the U.S."
Coinbase, the largest U.S. crypto 交流, said it would again 許す 貿易（する）ing of XRP on its 壇・綱領・公約.
"We´ve read 裁判官 Torres´ thoughtful 決定／判定勝ち（する）. We´ve carefully reviewed our 分析. It´s time to relist," Coinbase 長，指導者 合法的な officer Paul Grewal said on Twitter.
Coinbase 在庫／株 の近くにd up 24% a t $107 per 株 on Thursday.
WHEN CRYPTO IS NOT A SECURITY
The SEC had （刑事）被告 the company and its 現在の and former 長，指導者 (n)役員／(a)執行力のあるs of 行為／行うing a $1.3 billion unregistered 安全s 申し込む／申し出ing by selling XRP, which Ripple's 創立者s created in 2012.
The 事例／患者 has been closely watched in the cryptocurrency 産業, which 論争s the SEC's 主張 that the 広大な 大多数 of crypto 記念品s are 安全s and 支配する to its strict 投資家 保護 支配するs. The 機関 has brought more than 100 施行 crypto 活動／戦闘s, （人命などを）奪う，主張するing さまざまな 記念品s are 安全s, but many of those have ended in 解決／入植地s.
In the few 事例／患者s that have gone to 法廷，裁判所, 裁判官s have agreed with the SEC that the crypto 資産s at 問題／発行する were 安全s, which unlike 資産s such as 商品／必需品s are 厳密に 規制するd, must be 登録（する）d with the SEC by their issuer and 要求する 詳細（に述べる）d 公表，暴露s to 知らせる 投資家s of 可能性のある 危険s.
Torres 支配するd that Ripple's XRP sales on public cryptocurrency 交流s were not 申し込む／申し出s of 安全s under the 法律, because purchasers did not have a reasonable 期待 of 利益（をあげる） tied to Ripple's 成果／努力s.
Those sales were "blind 企て，努力，提案/ask 処理／取引s," she said, in which 買い手s "could not have known if their 支払い（額）s of money went to Ripple, or any other 販売人 of XRP."
Torres 適用するd a U.S. 最高裁判所 事例／患者 that said "an 投資 of money in a ありふれた 企業 with 利益（をあげる）s to come 単独で from the 成果／努力s of others," is a 肉親，親類d of 安全 called an 投資 契約.
XRP sales on cryptocurrency 壇・綱領・公約s by Garlinghouse and co-創立者 and former CEO Chris Larsen, and other 配当s 含むing 補償（金） to 従業員s also did not 伴う／関わる 安全s, Torres 支配するd.
PARTIAL WIN FOR THE SEC
< p class="mol-para-with-font">The SEC won a 部分的な／不平等な victory as Torres 設立する the company's $728.9 million of XRP sales to hedge 基金s and other sophisticated 買い手s 量d to unregistered sales of 安全s.Torres 支配するd that Ripple's marketing 目的（とする）d at institutional 投資家s made （疑いを）晴らす the company "was pitching a 思索的な value proposition for XRP" that depended on company 成果／努力s to develop the blockchain 組織／基盤／下部構造 behind the 数字表示式の 資産.
She said a 陪審／陪審員団 must decide whether Garlinghouse and Larsen 補佐官d the company's 違反 of 法律, and that the 被告s cannot argue at 裁判，公判 that they 欠如（する）d "fair notice" that XRP was a cryptocurrency.
"The 法律 does not 要求する the SEC to 警告する all 可能性のある violators on an individual or 産業 level," she said.
CALLS FOR LEGISLATION
Gary DeWaal, an 弁護士／代理人／検事 at Katten Muchin Rosenman, said the 判決，裁定 should help Coinbase in fighting its own SEC 事例／患者.
The market reaction 示すs the 判決，裁定 is a "tremendous event for the 産業," he said.
Both the Ripple and Coinbase 事例／患者s 焦点（を合わせる） on 登録 必要物／必要条件s and whether 確かな 数字表示式の 資産s are 安全s under U.S. 法律.
The crypto 産業 has called for 法律制定 to 供給する （疑いを）晴らす 支配するs for 記念品s, and the 判決，裁定 brought new calls for 議会 to 明らかにする the status of 数字表示式の 資産s.
衆議院 大多数 Whip Tom Emmer, a 共和国の／共和党の, in a 地位，任命する on Twitter said the 判決，裁定 設立するd that "a 記念品 is separate and 際立った from an 投資 契約 it may or may not be part of."
"Now, let´s make it 法律," he said.
(報告（する）／憶測ing by Jody Godoy and Chris Prentice in New York and Tom Hals in Wilmington, Delaware; Editing by Chizu N omiyama, Conor Humphries, Leslie Adler and David Gregorio)
