XRPL COURT CASES 11-55: Sec. & Exch. Comm'n v. Arbitrade Ltd. 22-cv-23171-BLOOM/Otazo-Reyes (S.D. Fla. Apr. 5, 2023) Cited 1 times

 


Sec. & Exch. Comm'n v. Arbitrade Ltd.

22-cv-23171-BLOOM/Otazo-Reyes (S.D. Fla. Apr. 5, 2023)   Cited 1 times


The Court is likewise unpersuaded by Goldberg's discussion of how other crypto assets were categorized in circumstances not analogous to those alleged in the Complaint. See ECF No. [25] at 11-13 (discussing XRP coins and citing, inter alia, a consent judgment in CFTC v. Omega Knight 2, No. 18-cv-22377-RNS (S.D. Fla. 2019)). Whether other crypto assets constitute securities or commodities is not the issue before this Court. Goldberg has provided no cognizable argument as to why the specific scheme described in the Complaint does not constitute an investment contract under the well-established Howey test.



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