Judge Hands SEC a Massive Loss Denying Theory That Tokens Are Always Securities 

The Breakdown

The judge has handed a summary decision in the Ripple-SEC case, and while it was a mixed decision, the reality is that the SEC's position is much weaker today than it was yesterday. NLW runs down the ruling and what people think the implications might be. Enjoying this content?<ul>
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The Breakdown dives into the deepest topics in crypto, blockchain, and the macro forces shaping markets and power structures. Each episode breaks down complex ideas into clear, grounded analysis — separating signal from noise across crypto, finance, and geopolitics.
Hosted by David Canellis, The Breakdown features explainers, interviews, and conversations with the people building, regulating, and challenging the financial system.
A Blockworks podcast.
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