Partners Joanna Wasick, Robert Musiala and Teresa Goody Guillén, with contributions from Partners Kevin Edgar and Jonathan Forman and Counsel Isabelle Sterling, authored an article for Law360 titled “How Ripple Final Judgment Fits in Broader Crypto Landscape.” Published Sept. 3, 2024, the article discusses the final judgment – a $125,035,150 civil penalty on Ripple, but no disgorgement and prejudgment interest – in U.S. Securities and Exchange Commission v. Ripple Labs Inc. and the overall impact on the digital assets industry. Ripple is also prohibited from violating Section 5 of the Securities Act by selling a security in the absence of an exemption or an effective registration statement.
Note: This article is the ninth most read expert analysis in Law360 for the week of Sept. 6, 2024.