The Ripple ruling implies securities laws protect only sophisticated investors, the opposite of the US stock market's rule, and seems likely to work out poorly (Matt Levine/Bloomberg)

https://ift.tt/qC32bgh

Matt Levine / Bloomberg:
The Ripple ruling implies securities laws protect only sophisticated investors, the opposite of the US stock market's rule, and seems likely to work out poorly  —  Crypto tokens are securities unless you are anonymously dumping them on retail investors.

from Techmeme https://ift.tt/3nNoa54