In a CoinDesk article on a Ripple Labs California district court ruling to determine if Ripple’s XRP digital asset is a security, securities litigation partner Amy Jane Longo explained that the lack of certainty for XRP and other digital assets will likely continue until there is a ruling from a higher court or regulation granted by Congress.
“Without regulatory clarity from Congress, the crypto industry has no choice but to search for answers in the legal system, a process that is expensive and time consuming,” said Amy.
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