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A comment on Binance lays off over 1k Employees. Parent comment

Re:Binance lays off over 1k Employees by treyd on Friday July 14, 2023 @03:29PM (#36728798)
The ruling published yesterday was just summary judgements which can be appealed. The actual trial hasn't even happened yet.
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Re:Binance lays off over 1k Employees by monero-xmr on Friday July 14, 2023 @04:01PM (#36729167)
The trial isn’t interesting. The summary judgment says it’s legal to sell cryptocurrencies if you do so anonymously on retail exchanges, and the tokens also are not securities. Very interesting outcome. The appeals are likely to fail from my reading of various analyses.
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Re:Binance lays off over 1k Employees by ac29 on Friday July 14, 2023 @09:20PM (#36732168)
> The summary judgment says it’s legal to sell cryptocurrencies if you do so anonymously on retail exchanges, and the tokens also are not securities.

This is a misrepresentation. The ruling says some specific XRP sales by Ripple via exchanges were not investment contracts. It does not say they are not securities, nor does it say that it is broadly "legal to sell cryptocurrencies" on exchanges.

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Re:Binance lays off over 1k Employees by monero-xmr on Saturday July 15, 2023 @01:18PM (#36738994)
Head of legal for Coinbase disagrees with you:

https://twitter.com/iampaulgrewal/status/1679962578808709122...

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