“As the Court found, the fact that Ripple ‘has demonstrated a willingness to push the boundaries of the [Court’s summary judgment] “The order demonstrates that it is likely that it will eventually (if it has not already) cross the line,” the statement said. “The court also addressed ‘the egregiousness of Ripple’s conduct’ and noted that ‘there is no doubt that the recurring, highly lucrative violation of Section 5 is a serious offense.’ As court after court has held, the securities laws apply when companies offer and sell investment contracts, regardless of the technology or labels they use.”
