The judge had previously ruled in July that while Ripple violated federal securities laws in selling XRP to institutional investors directly, it had not done so by making XRP available to retail customers through programmatic sales to exchanges. That decision cast doubt on how strongly securities regulators would be able to police crypto.
The Crypto Industry’s Influence on U.S. Elections is Bigger Than Ever, Industry Insiders Say
"It’s a much more sophisticated operation," Smith said. "I feel like I used to walk around Washington, and people would...